The breakthrough of Bitcoin over $100000 should be the result of the joint efforts of Micro Strategy and MARA. MARA has just completed $850 million in convertible bonds, of which $785 million will be used to purchase Bitcoin and corporate purchases, with the majority of the funds being used to purchase Bitcoin as last time. Immediately after raising funds, the funds will be purchased, and $50 million will be used to repurchase notes due in 2026Micro Strategy mentioned in its previous financial report that it aims to raise $42 billion, $21 billion in equity, and $21 billion in fixed income bonds over the next three years to purchase more Bitcoin.This year, Micro Strategy has already sold over $6 billion worth of convertible bonds to purchase Bitcoin, and there are still over $10 billion worth of stocks available for further increase in Bitcoin holdings.When will the music stop? As long as Micro Strategy and MARA can continue to issue convertible bonds at a premium, there will be continuous capital inflows. The premium of the convertible bonds issued by MARA this time is 40%. If the premium is reduced to less than 10%, the space may not be as large, and the inflow of funds will also be hindered