MicroStrategy has bought $217 million worth of Bitcoin again. They now have a total of 638,460 BTC in their hands and their average purchase price per Bitcoin is now around $73,880. The current market price is around $111,000, meaning they are sitting on a big profit. MicroStrategy has a long-term view on Bitcoin. They are buying more despite the price fluctuations, meaning their confidence is growing. The most important thing is that while ordinary traders or retail investors are buying and selling on speculation, large institutions are not. They are using Bitcoin as a strategic reserve asset, just like gold or foreign exchange reserves were held in the past. Earlier we saw that Bitcoin was only thought of for trading or profit, but now large companies are adopting it as their treasury reserves. Now we should pay attention to what institutions are doing and learn to adapt strategies like them, rather than chasing prices, so that we can increase our own personal reserves or holdings.