Warning about the leverage of Strategy: When paper losses reach 3.6 billion USDD, despite Michael Saylor's seemingly reassuring statements, the harsh reality is that Strategy is currently losing about 12% compared to the purchase price. The company’s continuous issuance of additional shares and borrowing to accumulate Bitcoin while prices are falling has raised concerns among financial analysts about the potential for a "bankruptcy" if the market continues to decline further. The question "where to borrow" from CNBC reporter Saylor has become a wake-up call regarding the feasibility of refinancing the $8.2 billion debt in the future. "Better safe than sorry," as the company's stock has lost 64% of its value in the past six months, and shareholders' confidence is being severely tested. Retail investors need to stay extremely cautious; don’t rush to buy just because "sharks" are accumulating. If Bitcoin enters a prolonged downturn, this leverage model could become a dangerous domino effect dragging down the entire market. $BTC