Strategy A new all-time high in market value is not a victory—it’s a jarring premium alert

Strategy A new all-time high in market value is not a victory; it’s a harsh warning of a premium bubble. The company’s market value has surged along with its holdings, driven almost entirely by the $BTC it has accumulated. But its core business has actually changed little. 📈

Some people think buying this kind of corporate token can amplify the returns of $BTC . We believe this is nothing but licking blood from the blade. The condition for amplifying returns is that the premium does not shrink. Once Bitcoin starts trading sideways, the heavy hammer of premium contraction will come down. ⚠️

Next, watch two signals closely: first, the flow of funds into the spot ETF; second, when the premium rate begins to turn downward. A high premium must eventually revert to the mean. Chasing blindly at sky-high prices could put you at risk of a double stampede at any time.

Don’t wait until the party is over and the lights go out, and then realize you’re left only with a “shadow” entry ticket bought with premium. 🚪

#Strategy市值排名上升 $BTC