according to Cobo co-founder and CEO Shenyu's analysis, Strategy (MSTR) cleverly amplifies Bitcoin's high volatility by 2.5 times and transmits it to the US stock market. Professional institutions use this high volatility for arbitrage to gain short-term profits; MSTR obtains cash for hoarding a large amount of Bitcoin through issuing convertible bonds and ATM issuance; ordinary shareholders bear the risk of severe stock price fluctuations and short-term declines, but passively receive "Bitcoin income" with more Bitcoin per share; Bitcoin holders benefit from continuous market capital inflows and rising Bitcoin prices.
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