#比特币储备战略 Seeing this report, I actually find it quite interesting. Saylor's Bitcoin reserve strategy was at its peak and highly praised, but after the October flash crash, it became one of the "biggest losers"—yet this is precisely the critical moment to understand the essence of reserve strategies.

Short-term fluctuations can indeed cause on-paper wealth to rise and fall, but I want to emphasize that the value of a Bitcoin reserve strategy is not about chasing every price swing. Saylor started deploying in 2020, and MicroStrategy holds over 200,000 Bitcoins. This strategic logic has not changed because of a single correction. True reserve strategy players look at a 5-year, 10-year cycle.

In comparison, Circle's CEO saw a 149% increase in net assets due to the advancement of stablecoin policies. What does this tell us? A healthy ecosystem and compliant development are the sources of long-term value creation. The significance of Bitcoin reserves is not just asset allocation but also a steadfast belief in a decentralized monetary system.

So rather than obsessing over short-term asset fluctuations, it's better to think: why are more and more institutions adopting Bitcoin reserve strategies? What big trend does this reflect? That is the real question worth paying attention to. Markets will always have ups and downs, but the process of Web3 reshaping the financial system has never stopped.