邁克爾·塞勒（Michael Saylor）宣布了一項大膽的戰略計劃（以前是MicroStrategy），出售21b首優先股票（Strk），用於比特幣購買和公司運營

邁克爾·塞勒（Michael Saylor）宣布了一項大膽的戰略計劃（以前是微型策略），以出售21b首優先股票（Strk）的比特幣購買和公司運營。

Michael Saylor, the visionary behind Strategy (formerly MicroStrategy) (NASDAQ:MSTR), has announced an ambitious plan to sell $21 billion worth of preferred stock issuance (STRK) for the purpose of buying Bitcoin (BTC) and funding the company’s operations.

邁克爾·塞勒（Michael Saylor）是戰略背後的有遠見的人（以前是MicroStrategy）（NASDAQ：MSTR），宣布了一項雄心勃勃的計劃，出售價值210億美元的優先股發行（Strk），以購買比特幣（BTC）並為公司的業務提供資金。

Saylor made the announcement via an X post on Friday, the 10th of March.

Saylor於3月10日星期五通過X帖子宣布了這一消息。

“Strategy announces $21 Billion $STRK At-The-Market program $MSTR,” Saylor stated.

Saylor說：“戰略宣布了210億美元的市場計劃$ MSTR。”

The renowned pioneer in BTC corporate strategy has been instrumental in Strategy’s efforts to accumulate BTC through both stock issuance and debt, more specifically, convertible notes.

BTC公司戰略著名的先驅在戰略通過股票發行和債務累積BTC的努力中發揮了作用，更具體地說是可轉換票據。

For stock issuance, Strategy mainly leverages its common MSTR and preferred STRK stocks to capitalize on new markets and fund BTC investment.

對於股票發行，戰略主要利用其常見的MSTR和首選的Strk股票來利用新市場並資助BTC投資。

In essence, the firm could scoop up relatively discounted BTC following a recent retracement if the latest capital raise is achieved.

本質上，如果實現了最新的資本，該公司在最近的回撤後可以挖出相對折扣的BTC。

As of early March 2025, Strategy had amassed 499,096 BTC, which is valued at $40 billion at current prices and amounts to a 2.3% control of the total BTC supply.

截至2025年3月上旬，戰略已積累了499,096 BTC，該戰略的價值為400億美元，目前價格為2.3％，控制了BTC總供應總額的2.3％。

Saylor’s BTC plan elicits mixed reactions

Saylor的BTC計劃引起了混合反應

However, it's important to note that the BTC drawdown in Q1 2025 has slashed Strategy’s unrealized profit by 3x. At the peak of February, when BTC soared to $109K, Strategy’s unrealized profit nearly hit $20 billion.

但是，重要的是要注意，第1季度2025年的BTC縮減將戰略的未實現利潤削減了3倍。在2月的頂峰時代，當BTC飆升至10.9萬美元時，戰略未實現的利潤幾乎達到了200億美元。

At press time, the profit has shrunk to $7.2 billion, but the firm remains bullish for the long run.

發稿時，利潤已縮減至72億美元，但從長遠來看，該公司仍然看漲。

Source: CryptoQuant

資料來源：加密

Pointing out the capacity of Strategy to raise such a massive amount with BTC’s muted price action, Peter Schiff had this to say:

彼得·席夫（Peter Schiff）指出了通過BTC靜音的價格行動來提高大量資金的戰略能力，他說：

“I don’t think you will be able to pull this off. Soon $MSTR will be trading at a discount to its Bitcoin holdings. That means selling these shares will produce a negative Bitcoin yield.”

“我認為您將無法實現這一目標。很快$ MSTR將以其比特幣持有量折扣。這意味著出售這些股票將產生負比特幣產量。”

Nonetheless, Jesse Myers, co-founder of OnRamp Bitcoin, claimed that STRK stock issuance could offer Strategy an efficient capital raising from the bond market.

儘管如此，Onramp Bitcoin的聯合創始人傑西·邁爾斯（Jesse Myers）聲稱，Strk股票發行可以為債券市場提供有效籌集的策略。

“$21B could be just the start for this STRK "ATM program." Congrats to Saylor and Shirish Jajodia for creating an even more efficient vehicle for converting SoV capital into Bitcoin monetary energy.”

“ $ 21B可能只是此Strk“ ATM計劃”的開始。恭喜Saylor和Shirish Jajodia創建了將Sov Capital轉換為比特幣貨幣能源的更高效的工具。”

On the price performance front, MSTR had plummeted 56% to the last U.S. election level of $240, a trend observed across most U.S. equities.

在價格表現方面，MSTR在美國大多數股票中觀察到的趨勢趨於這一趨勢。

Over the same period, BTC has slid about 30%, with analysts noting that it is a standard pullback for the cryptocurrency during bull runs.

在同一時期，BTC的下滑約為30％，分析師指出，這是公牛運行期間加密貨幣的標準回調。

Source: MSTR vs. BTC performance, TradingView

資料來源：MSTR與BTC績效，TradingView

Meanwhile, BTC dipped below $80K but was above the level ahead of key U.S. economic data. It remains to be seen whether BTC will reverse Q1 losses and offer a relief recovery for MSTR.input:

同時，BTC的售價低於$ 80K，但在美國主要經濟數據之前的水平高於水平。 BTC是否會逆轉Q1損失並為MSTR提供救濟恢復，還有待觀察。

Michael Saylor, the visionary behind Strategy (formerly MicroStrategy) (NASDAQ:MSTR), has announced an ambitious plan to sell $21 billion worth of preferred stock issuance (STRK) for the purpose of buying Bitcoin (BTC) and funding the company’s operations.

邁克爾·塞勒（Michael Saylor）是戰略背後的有遠見的人（以前是MicroStrategy）（NASDAQ：MSTR），宣布了一項雄心勃勃的計劃，出售價值210億美元的優先股發行（Strk），以購買比特幣（BTC）並為公司的業務提供資金。

Saylor made the announcement via an X post on Friday, the 10th of March.

Saylor於3月10日星期五通過X帖子宣布了這一消息。

“Strategy announces $21 Billion $STRK At-The-Market program $MSTR,” Saylor stated.

Saylor說：“戰略宣布了210億美元的市場計劃$ MSTR。”

The renowned pioneer in BTC corporate strategy has been instrumental in Strategy’s efforts to accumulate BTC through both stock issuance and debt, more specifically, convertible notes.

BTC公司戰略著名的先驅在戰略通過股票發行和債務累積BTC的努力中發揮了作用，更具體地說是可轉換票據。

For stock issuance, Strategy mainly leverages its common MSTR and preferred STRK stocks to capitalize on new markets and fund BTC investment.

對於股票發行，戰略主要利用其常見的MSTR和首選的Strk股票來利用新市場並資助BTC投資。

In essence, the firm could scoop up relatively discounted BTC following a recent retracement if the latest capital raise is achieved.

本質上，如果實現了最新的資本，該公司在最近的回撤後可以挖出相對折扣的BTC。

As of early March 2025, Strategy had amassed 499,096 BTC, which is valued at $40 billion at current prices and amounts to a 2.3% control of the total BTC supply.

截至2025年3月上旬，戰略已積累了499,096 BTC，該戰略的價值為400億美元，目前價格為2.3％，控制了BTC總供應總額的2.3％。

Saylor’s BTC plan elicits mixed reactions

Saylor的BTC計劃引起了混合反應

However, it's important to note that the BTC drawdown in Q1 2025 has slashed Strategy’s unrealized profit by 3x. At the peak of February, when BTC soared to $109K, Strategy’s unrealized profit nearly hit $20 billion.

但是，重要的是要注意，第1季度2025年的BTC縮減將戰略的未實現利潤削減了3倍。在2月的頂峰時代，當BTC飆升至10.9萬美元時，戰略未實現的利潤幾乎達到了200億美元。

At press time, the profit has shrunk to $7.2 billion, but the firm remains bullish for the long run.

發稿時，利潤已縮減至72億美元，但從長遠來看，該公司仍然看漲。

Source: CryptoQuant

資料來源：加密

Pointing out the capacity of Strategy to raise such a massive amount with BTC’s muted price action, Peter Schiff had this to say:

彼得·席夫（Peter Schiff）指出了通過BTC靜音的價格行動來提高大量資金的戰略能力，他說：

“I don’t think you will be able to pull this

“我認為你無法拉它