MSTR’s Bitcoin Frenzy: $1.28B Spent on 18K BTC – Are They Crazy?
Strategy Inc. (Nasdaq: MSTR) reported new activity tied to its capital markets program and bitcoin treasury strategy. The enterprise software and bitcoin treasury company disclosed updates on March 9 regarding equity sales under its at-the-market program and additional BTC purchases. (Note: “Enterprise software” is now a euphemism for “investing in crypto while the rest of us are budgeting for groceries.”)




![The study demonstrates that increasing antiferromagnetic Heisenberg coupling [latex]J[/latex] within a toric code system causes the Kitaev-Preskill topological entanglement indicator [latex]\gamma_{KP}[/latex] to rise from its ideal value of [latex] -\ln 2[/latex], ultimately signaling a loss of topological order due to cat state mixing and finite size effects which introduce a Shannon-like contribution to the Rényi entropies-a phenomenon quantified by the formula [latex]\gamma_{KP} \equiv S(A)+S(B)+S(C)-S(AB)-S(BC)-S(CA)+S(ABC)[/latex].](https://arxiv.org/html/2603.05707v1/tee_all.png)