Strategy just bought another 4,871 BTC

Strategy just added another 4,871 BTC and now sits on 766,970 BTC total ( See Here ). What stood out to me isn’t even the buy itself anymore, it’s how normal this has become for them even while sitting on a massive unrealized Q1 loss.

At this point Strategy feels less like a company holding bitcoin and more like a permanent bid under the market. Curious how people here see it now: bullish long-term supply sink, or growing balance sheet risk if BTC stays below their average cost too long?