Liu Yudong's Wave Theory: Last week, the micro-strategy raised about $181 million net funds by selling common stock through the "At The Market (ATM)" mechanism. They bought 1,550 BTC, with an average purchase cost of $65,332. They also kept a small hand, adding $100 million to their cash reserves, bringing the total cash reserves to $1 billion. This indicates, first, that they are holding cash; second, they are hesitant to sell more for fear of a bigger downturn; and third, there are still fools willing to give them money.