Core Viewpoint - Strategy (MSTR) has significantly increased its Bitcoin holdings, purchasing an additional 1,142 BTC for approximately $90 million, bringing total holdings to 714,644 BTC at a total cost of roughly $54.35 billion [1][2] Group 1: Company Actions - The recent acquisition of Bitcoin positions Strategy as the largest corporate holder of Bitcoin in public markets, reinforcing its aggressive investment strategy [1] - The average purchase price of Bitcoin for Strategy is $76,056, while the current trading price is around $69,651, resulting in an estimated unrealized loss of $4.5 billion [2] Group 2: Market Implications - Strategy's stock is now perceived as a leveraged Bitcoin proxy, with market sentiment shifting based on Bitcoin's price relative to the company's average cost [3] - When Bitcoin trades above the average cost, the stock tends to receive a premium; conversely, when it falls below, focus shifts to downside risks and balance-sheet durability [3] Group 3: Investment Philosophy - Saylor's continued investment above the average cost reflects a long-term strategy, emphasizing the belief that Bitcoin's long-term appreciation will outweigh short-term volatility [4] - Supporters of this strategy argue that temporary losses are inconsequential if Bitcoin's value eventually increases, potentially enhancing gains for Strategy compared to direct Bitcoin ownership [4]

Core Insights - Global listed companies (excluding mining firms) made a net purchase of approximately $9.283 million in Bitcoin last week, representing a 24.5% decrease week-over-week [1] Group 1: Company Activities - Strategy announced an investment of $90 million to increase its holdings at an average price of $78,815, acquiring a total of 1,142 BTC, bringing its total holdings to 714,644 BTC [1] - Japanese listed company Metaplanet has not increased its holdings for four consecutive weeks [1] - Several companies made small adjustments to their holdings, including DayDayCook increasing its position and Genius Group reducing its holdings [1]

Core Insights - MicroStrategy is intensifying its investment in Bitcoin, with a current holding of $55 billion, just above its average purchase price [1] - The company has marked 2,000 days since adopting its "Bitcoin Standard," indicating a long-term commitment to Bitcoin [2] - The firm is facing significant pressure on its balance sheet, prompting a strategy to attract fresh capital [2] Financial Strategy - MicroStrategy's current Bitcoin holdings amount to 712,647 BTC, acquired at an average cost of $76,037 per coin, with Bitcoin trading around $78,000 [3] - To fund further Bitcoin purchases, the company has increased the dividend on its Series A Perpetual Stretch Preferred Stock (STRC) by 25 basis points, raising the yield to 11.25% [3] - The 11.25% payout is significantly higher than typical corporate bonds, reflecting the company's need for capital and the volatility of its Bitcoin-centric model [4] Capital Raising Mechanism - STRC has become a primary tool for capital raising, funding the acquisition of over 27,000 BTC since its launch in November [4] - The variable-rate security is part of a suite of fixed-income products, indicating a diversified approach to capital generation [4] Risks and Concerns - Critics highlight that the high cost of servicing the increased dividends could lead to cash-flow challenges, especially if Bitcoin prices stagnate or fall below the firm's average purchase price [5]

Company Overview - ZOOZ Strategy, formerly ZOOZ Power, transitioned from kinetic energy to Bitcoin investment, resulting in an 84% stock decline since last summer, with a current market cap of $87 million, lower than its Bitcoin holdings [1][2] - The company held its IPO on the Tel Aviv Stock Exchange in 2021 and later merged with a SPAC but faced challenges on Wall Street [2] Leadership and Strategy - CEO Jordan Fried, appointed after a background in blockchain ventures and cybersecurity, emphasizes a long-term vision for ZOOZ, including an annual salary of $1 and performance-based shares [3][4] - ZOOZ's strategy includes optimizing operations, improving transparency, and exploring asset management beyond merely holding Bitcoin [6] Market Position and Valuation - ZOOZ is perceived as undervalued in the market, trading below $1 and receiving a warning from Nasdaq for non-compliance, with plans for a potential reverse stock split and a $50 million share buyback [7] - The company aims to provide exposure to Bitcoin for Israeli investors facing regulatory challenges in purchasing Bitcoin directly [6] Industry Perspective - Fried views Bitcoin as a significant innovation, likening its adoption to historical financial shifts, and believes it plays a role in national security [2][8] - The company is exploring the potential for its original energy activities to pivot towards serving large cloud providers, reflecting a shift in market dynamics [6] Geopolitical Considerations - Fried highlights the importance of energy production in relation to Bitcoin mining and national competitiveness, noting Israel's current energy challenges compared to other nations [9]

Group 1: Bitcoin Purchase Details - Strategy Inc. has acquired 2,932 Bitcoin for a total of $264.1 million, paying an average of $90,061 per Bitcoin, which is significantly higher than its overall cost basis of $76,037 per Bitcoin across its total holdings of 712,647 BTC [2] - The funding for this Bitcoin purchase was achieved by selling 1,569,770 shares of Class A common stock for $257 million and 70,201 shares of STRC preferred stock for $7 million through at-the-market offerings [2] Group 2: Current Holdings and Valuation - Strategy's total Bitcoin holdings are valued at approximately $62.5 billion at current prices, with an acquisition cost of $54.2 billion, resulting in paper gains of about $8.3 billion [3] - The company holds around 3.4% of Bitcoin's total supply of 21 million [3] - Strategy has $8.17 billion worth of MSTR shares available for future Bitcoin acquisitions under its ATM program, along with $3.62 billion worth of STRC shares remaining [3] Group 3: Market Performance and Technical Analysis - MSTR's stock closed at $163.11, but opened lower on Monday, testing the critical support level of $160, which has been in place since December [5] - The stock has experienced a significant decline of 65% from its peak of $473 in July to a low of $160.41 in December, and has been consolidating in the $160-180 range, forming a potential triple-bottom pattern [5] - The stock is currently positioned just above all EMAs, which are in complete bearish alignment, with the 20-day EMA at $166.06, 50-day at $186.80, 100-day at $228.03, and 200-day at $264.39 [6]

Core Viewpoint - Strategy's stock (MSTR) does not require trading at a bitcoin premium to be a successful investment, with a price target of $440 set by TD Cowen analyst Lance Vitanza, nearly triple the recent close of $160 [1] Group 1: Investment Thesis - The investment case for Strategy is based on its ability to grow bitcoin holdings per share, even during low market sentiment [1] - Strategy has a history of navigating market downturns by increasing asset coverage through preferred equity [2] - The company recently issued over $2.1 billion in common and preferred stock, using the proceeds to acquire 22,305 BTC, marking its largest weekly acquisition since November 2024 [2] Group 2: Financial Structure and Leverage - Strategy's financial structure provides a long-term advantage by issuing variable- and convertible-preferred stock, allowing for leverage without traditional debt [3] - This approach enables the company to acquire more bitcoin without significantly diluting existing shareholders [3] Group 3: Preferred Shares and Returns - Investors may find value in the firm's preferred shares, particularly the STRF class, which yields approximately 9.6% annually, expected to compress to 7.9% as shares appreciate [4] - With a fixed 10% dividend, the one-year return on preferred shares could reach 30% [4] Group 4: Bitcoin Holdings - Strategy currently holds 709,715 BTC, significantly surpassing any other public company [5] - The equity-driven approach positions Strategy to continue accumulating bitcoin while prices remain under pressure, providing leveraged upside potential for investors [5]

Core Viewpoint - Analysts have reduced the stock price target for MicroStrategy (now known as Strategy) despite the company's ongoing efforts to increase its Bitcoin holdings [1][4]. Group 1: Company Performance and Strategy - MicroStrategy has transitioned from a software company to a Bitcoin-focused Digital Asset Treasury (DAT) during the pandemic, becoming the largest corporate Bitcoin holder with a treasury of 687,410 BTC as of January 15 [3]. - The company made a significant Bitcoin purchase of 13,627 BTC for $1.25 billion between January 5 and January 11, marking its largest acquisition since July 2025 [3]. - Despite recent Bitcoin price weakness, the company has continued to purchase Bitcoin, aligning with its long-term strategy [5][6]. Group 2: Analyst Insights and Price Target Adjustments - TD Cowen has lowered its price target for Strategy from $500 to $440 while maintaining a "buy" rating, marking the second reduction in two months [4]. - The analysts cited near-term pressure on key performance metrics due to the recent decline in Bitcoin prices, which influenced their financial modeling for the company [5]. - The revised price target reflects the impact of Strategy's accelerated Bitcoin accumulation on its financial outlook [5].

As filed with the U.S. Securities and Exchange Commission on January 8, 2026 Registration No. 333-291618 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 AMENDMENT NO. 2 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Meiwu Technology Company Limited (Exact name of registrant as specified in its charter) British Virgin Islands 5961 Not Applicable (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I ...

Core Insights - Metaplanet, Japan's largest Bitcoin treasury, acquired $451 million worth of Bitcoin from October to December, raising its total holdings to $3.78 billion [1] - The firm reported a revenue of $55 million from its Bitcoin income business, surpassing expectations [1] Group 1: Company Performance - Metaplanet's average purchase price for Bitcoin was $105,412 per coin, with a total of 35,102 Bitcoin held, valued at approximately $3.3 billion [5] - The company plans to acquire 210,000 Bitcoin, representing 1% of the total supply, by 2027 [3] Group 2: Market Trends - Digital asset treasuries are seeing a resurgence, with Metaplanet's share price increasing by 21% in five days, attributed to rising crypto prices, including Bitcoin surpassing $93,000 [2] - Other Japanese digital asset treasuries have also experienced significant share price increases, with Convano rising over 16%, Remixpoint by 11%, and Gumi by 6% [4] Group 3: Industry Sentiment - Despite the positive market movements, experts express concerns about the long-term viability of digital asset treasury business models [2][3]

Group 1 - Bitcoin's price has been volatile, with recovery attempts facing challenges, and demand from ETF investors showing inconsistency [1][2] - BlackRock has positioned its spot Bitcoin ETF as a key investment theme for 2025, indicating a long-term commitment despite short-term price fluctuations [2][3] - Year-to-date net inflows into BlackRock's Bitcoin ETF are approximately $29.6 billion, with cumulative inflows reaching $62.5 billion since its launch, reflecting sustained institutional interest [3] Group 2 - Bitcoin ETFs have experienced outflows on about half of the trading days in the past month, indicating a cooling demand among short-term investors [4] - On a recent Monday, Bitcoin ETFs collectively saw $142 million in net outflows, highlighting investor caution amid price uncertainty [5] - Despite mixed spot demand, perpetual futures positioning is expanding, with open interest rising from 304,000 BTC to 310,000 BTC, a 2% increase [6][7] Group 3 - Funding rates for Bitcoin have increased from 0.04% to 0.09%, suggesting renewed leveraged long positioning as traders prepare for potential year-end movements [7] - Bitcoin is currently trading near $87,400, just below the $88,210 resistance level, with technical indicators suggesting potential for short-term gains if current levels are defended [8]