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Michael Saylor, the executive chairman of MicroStrategy, provides insights into the company’s operations as a Bitcoin treasury company. Saylor made this known today, emphasizing that MicroStrategy is a Bitcoin treasury company whose operations are backed by the world’s largest cryptocurrency by market cap. He attached a chart to his X post showcasing how the company operates at this position. MicroStrategy as a Bitcoin Treasury Company MicroStrategy Operations Per the chart, MicroStrategy features Bitcoin reserves and BTC treasury operations. The chart highlighted some features of Bitcoin, suggesting that the asset is a financial instrument for capital preservation and productivity. Additionally, MicroStrategy claimed that the premier asset provides a hedge against inflation and entropy. Considering Bitcoin’s enormous potential, MicroStrategy embarked on an initiative to establish a treasury reserve for the asset class. According to the chart, MicroStrategy’s Bitcoin treasury operations include purchasing BTC using funds it raised through its issuance of securities. The business intelligence company also adjusts its leverage to optimize its Bitcoin purchases and fund dividends via the issuance of securities. Furthermore, the chart confirmed that MicroStrategy holds 252,220 BTC worth $18 billion in its reserve. Meanwhile, the chart highlighted the firm’s Bitcoin-related securities, including MicroStrategy options, convert, equity, and spot BTC ETFs. It ranked these assets on their volatility or leverage levels, ranging from 0.25x to 10x. Bitcoin Rally Pushes MicroStrategy Stock Above $260 MicroStrategy boasts a heavy exposure to Bitcoin, so its stock typically trails the crypto asset. MicroStrategy’s stock (MSTR) has soared 38.54% over the past month. At press time, it trades for $257.81, with a market cap of $52.24 billion. Yesterday, MSTR soared to $260.82 from its previous day low of $226.59. MSTR’s surge coincided with Bitcoin's, which hit an all-time high of $76,460 yesterday. Given MicroStrategy’s exposure to Bitcoin, MSTR's performance closely mirrors BTC’s price action, making this rally unsurprising. Despite MicroStrategy’s heavy exposure to Bitcoin, the company plans to raise more funds to acquire BTC. As reported earlier, MicroStrategy is looking to raise $42 billion through fixed-income securities and equity sales over the next three years. Upon raising the fund, the company would acquire more BTC, increasing its holdings.