加密難題：MicroStrategy 對比特幣的高風險賭博

探索 MicroStrategy 的大膽比特幣冒險及其更廣泛的影響

MicroStrategy has increased its Bitcoin (BTC) holdings by 55,500 BTC, according to a recent SEC 8-K filing. This brings the business intelligence firm's total Bitcoin stash to 386,700 BTC.

根據最近向 SEC 8-K 提交的文件，MicroStrategy 已將其比特幣 (BTC) 持有量增加了 55,500 BTC。這使得該商業情報公司的比特幣總儲備達到 386,700 BTC。

The company's recent financial disclosures to the U.S. Securities and Exchange Commission (SEC) were revealed in a new 8-K form filing. This document highlights major corporate activities affecting stock value. The company confirmed that its recent stock issuance had facilitated the purchase of these additional 55,500 Bitcoins at an average price of roughly $97,862 per Bitcoin.

該公司最近向美國證券交易委員會 (SEC) 披露的財務資訊在一份新的 8-K 表格文件中披露。本文件重點介紹了影響股票價值的主要公司活動。該公司證實，最近的股票發行促進了額外 55,500 個比特幣的購買，平均價格約為每個比特幣 97,862 美元。

MicroStrategy plans to further expand its Bitcoin holdings over the next three years. The company intends to raise $43 billion through the issuance of stocks and fixed-income securities to fuel these acquisitions.

MicroStrategy 計劃在未來三年內進一步擴大其比特幣持有量。該公司打算透過發行股票和固定收益證券籌集 430 億美元來推動這些收購。

Currently, the total value of MicroStrategy’s Bitcoin holdings exceeds $37 billion. The company acquired these assets at an average cost of $56,761 per Bitcoin, with total expenditure, including fees and expenses, at approximately $21.9 billion.

目前，MicroStrategy 持有的比特幣總價值超過 370 億美元。該公司以每個比特幣 56,761 美元的平均成本收購這些資產，包括費用和支出在內的總支出約為 219 億美元。

Some industry critics, like Bloomberg's Lionel Laurent, express concerns over MicroStrategy's bold strategy, labeling it as excessively risky. Laurent pointed out the potential impact on the company if Bitcoin’s price were to plummet by 50% or more. However, BitMEX experts project that MicroStrategy is unlikely to liquidate its crypto reserves until Bitcoin prices drop below $15,000.

彭博社的 Lionel Laurent 等一些業界評論家對 MicroStrategy 的大膽策略表示擔憂，認為其風險過高。 Laurent 指出，如果比特幣價格暴跌 50% 或更多，將對公司產生潛在影響。然而，BitMEX 專家預計，在比特幣價格跌破 15,000 美元之前，MicroStrategy 不太可能清算其加密貨幣儲備。

In related news, following a significant stock offering and shareholder equity dilution, MicroStrategy's chairman, Michael Saylor, has lost his controlling vote in the company’s decision-making processes.

相關消息稱，在大規模股票發行和股東股權稀釋之後，MicroStrategy 董事長 Michael Saylor 失去了在公司決策過程中的控制權。