Business intelligence firm Strategy, formerly known as MicroStrategy, has added 18,527 BTC to its treasury, bringing its total holdings to 478,740 BTC worth approximately $46.73 billion. The company's strategy focuses on Bitcoin's expected 25% annual appreciation over the next five years and securing funding at rates lower than projected appreciation. Strategy leverages low-cost borrowed money to acquire more Bitcoin and sells short-term price swings to options traders. Bondholders have the option to convert their debt into Strategy's shares at a premium, supporting the stock price. The success of this strategy relies on Bitcoin's performance going forward.



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