JPYKRW

“Favorable,” they intone, with the measured tone of a priest at the altar, yet their eyes betray a flicker of doubt. The AI and IT sectors, once the darlings of the market, now stand as overripe fruit, tempting yet perilous. “Rebalance,” they urge, with the urgency of a man fleeing a sinking ship. Turn, they say, to the Financials, the Industrials, the Utilities-sectors as sturdy and unglamorous as a peasant’s boot, but reliable in their quiet strength.

Their filings, written with the solemnity of a bureaucrat and the enthusiasm of a poet denied his muse, revealed an average price of $63,024 per coin. Thus, their grand treasury-now swollen to 846,842 BTC-continued to grow like an overfed mythological beast, lumbering through the financial forest with no intention of slowing down.

The purchase, naturally, was made at an average price of $63,024 per bitcoin-because why not pay a princely sum when the spirit of speculation is whispering sweet nothings in your ear? And lest anyone think Strategy was running low on good old-fashioned dollars, it proudly announced that its USD Reserve has swelled by another $100 million, reaching a plump $1.1 billion. One imagines the reserve sitting there like a well-fed cat, purring smugly.

“I’m as bullish as ever on Bitcoin, and still long,” which in Gogolian terms reads something like:

great when it works, a dumpster fire when it doesn’t.

Key Takeaways:

The benchmark added roughly $465 billion, or 77.22 trillion yen, in market value. At press time, Nikkei stood at 69,234.