Michael Saylor isn’t just buying Bitcoin — he’s engineering exposure.

Strategy Inc. just added nearly $170M in Bitcoin, and what caught my attention is that about half of it was financed through perpetual preferred stock — the highest ratio we’ve seen since November.

This isn’t a random purchase. It’s capital strategy in motion.

Using structured financing to accumulate BTC shows a calculated approach: preserve flexibility, access liquidity, and continue increasing exposure without relying solely on common equity. Whether you agree with the model or not, the conviction is undeniable.

While many institutions are still “evaluating,” Saylor continues executing.

In this cycle, the real edge may not just be holding Bitcoin — but knowing how to finance the hold.

#bitcoin #BTC #InstitutionalAdoption #CryptoStrategy

BTC

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