Strategy 持仓 BTC 价值约 659 亿美元

Acquiring 811 BTC for $65.5M adds real capacity to the balance sheet, pushing total holdings to 849,327 BTC. That $919M in unrealized gains shows the strategy works when on-chain accumulation aligns with price trends. The $850M sensitivity per $1k price move isn't just accounting noise; it reflects how institutional demand directly impacts valuation exposure. Still, does holding this large a position create enough friction to dampen volatility long term, or just amplify swings?