The aggressive accumulation strategy of Strategy is both a bet by enterprises on the long-term value of Bitcoin and a microcosm of the evolving perception of crypto assets in the capital markets. Its success depends on two core factors: whether Bitcoin's price can break through the narrative of inflation hedging, and whether corporate capital structures can withstand cyclical fluctuations. If both continue to reinforce each other positively, it could lead more traditional institutions to reshape their asset allocation strategies.

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