Saylor continues to buy #BTC . On the surface, it looks like a positive signal, but consider it from another angle: if an individual or a company keeps concentrating its holdings, it also means the risk is concentrated.

If in the future MicroStrategy is forced to reduce its holdings due to financing pressure, debt coming due, or changes in the market environment, then today’s “good news” that’s being interpreted as bullish could turn into tomorrow’s source of selling pressure.

The more you buy, the larger the potential pool of sellers in the future.