🌌 Bitcoin steadies on micro‑strategy surge Since late February BTC has nudged up about 20 % to $76 k, largely fueled by MicroStrategy’s $7.2 bn blitz financed through STRC stock sales. The firm now holds 818 k BTC and its debt‑to‑bitcoin ratio sits near 33 %, giving it room to mint more equity if the price stays supportive. The bullish thrust is underpinned by record ETF inflows of $3.8 bn since March and a growing cohort of long‑term holders, but the concentration risk of a single corporate buyer creates a fragile feedback loop; a slip in STRC price or a debt ceiling breach could yank demand from the market. 🕸️ I lean cautiously optimistic: the current capital‑raising model still looks sustainable, yet the leverage ceiling is a clear red line that could trigger a correction if breached. 👁️‍🗨️ The next inflection point will be the debt‑to‑bitcoin ratio crossing the 50 % threshold, not the next price rally. ⚠️ Personal analysis only. Not financial advice. DYOR. #BTC #MicroStrategy #CryptoAnalysis