MicroStrategy Life and Death Matter: Is it a crazily increase in Bitcoin holdings under losses? Is it a break or a countdown to storm?

After discussing the company's adoption of BTC in the last issue, this issue focused on MicroStrategy, which is deeply trapped in the whirlpool of public opinion. The first quarter financial report of 2025 shocked a quarterly loss of US$4.23 billion, and its revenue fell by 3.6%, but it is still madly increasing its holdings of Bitcoin. Behind this abnormal move is a bold game based on the "flywheel effect", or pushing yourself into the abyss of thunder? The program will conduct in-depth analysis on how MicroStrategy's "flywheel effect" built by financing to buy coins, and how this flywheel changes from a booster to a sharp knife to strangle the company when the price of Bitcoin falls, analyze its life and death dilemma under high debt, and reveal the truth behind this cryptocurrency investment bet layer by layer.