再次，邁克爾·塞勒（Michael Saylor）的比特幣劇本正在展示其堅韌不拔

在這一點上，策略的比特幣持有量已增長到令人難以置信的448.6億美元，鎖定了25.85％的利潤，或者令人難以置信的92億美元的收益。

Michael Saylor's Bitcoin playbook keeps rolling.

邁克爾·塞勒（Michael Saylor）的比特幣劇本不斷滾動。

At last glance, Strategy's Bitcoin holdings had risen to an astounding $44.86 billion, locking in a 25.85% profit, or a staggering $9.2 billion in gains. The strategy seems to be panning out despite some recent turbulence in the broader cryptocurrency market, as there is currently over 528,000 BTC under management and an average purchase price of $67,485.

最後，戰略的比特幣持有量已上漲至448.6億美元，鎖定了25.85％的利潤，或達到92億美元的增長額。儘管最近在更廣泛的加密貨幣市場上有一些動盪，但該策略似乎仍在播出，因為目前管理的528,000多個BTC和平均購買價格為67,485美元。

The performance graph showcases Strategy's strategic timing in addition to its belief in Bitcoin. By making large purchases during the 2020, 2022 and late 2023 dips, the company was able to drastically reduce its average cost basis. Even with market volatility still high, recent 2025 purchases at prices ranging from $84,000 to over $97,000 demonstrate ongoing accumulation.

表演圖除了信念比特幣外，還展示了戰略的戰略時機。通過在2020年，2022年和2023年下半年進行大量購買，該公司能夠大幅度降低其平均成本基礎。即使市場波動仍然很高，最近的2025年購買價格從84,000美元到97,000美元不等，這表明持續的積累。

Based on a thorough analysis of recent transactions, the most recent purchase 22,048 BTC on March 31, 2025, at an average price of $86,969 is currently marginally undervalued, with an unrealized loss of $49.5 million. But other recent purchases have already made the switch to green. For instance, the purchase of 6,911 Bitcoin on March 24 at $84529 is up 0.38%, resulting in gains of more than $2.02 million.

基於對最近交易的徹底分析，最新購買的22,048 BTC於2025年3月31日，目前以86,969美元的平均價格被罰款，票價為86,969美元，未實現的損失為4950萬美元。但是最近購買的其他購買已經改用了綠色。例如，3月24日以84529美元的價格購買6,911比特幣，上漲了0.38％，導致增長超過202萬美元。

There is a 3.07% return on a smaller purchase of 130 BTC made on March 17. The overall strategy seems to be very sound, even though a few individual entries have gone south, such as the purchase of 20,356 BTC on Feb. 24 at $97,514, down 13% and 22%. Drawdowns have been mitigated and the portfolio has been able to profit from Bitcoin's long-term upward trajectory thanks to the enormous position size and steady dollar-cost averaging.

3月17日購買130 BTC的130 BTC的收益率為3.07％。儘管有一些單獨的條目已向南移交，但總體策略似乎很合理，例如2月24日購買20,356 BTC，價格為97,514美元，下降了13％，下跌了13％和22％。由於位置的巨大規模和穩定的美元成本平均，投資組合已經減輕了，投資組合能夠從比特幣的長期向上軌跡中獲利。

After recent volatility, Bitcoin is now settling around the $84,000 mark. Long-term holders continue to find the asset appealing due to rising institutional interest, decreased supply following the halving and macroeconomic tailwinds like lowering inflation expectations.

在最近的波動率之後，比特幣現在已經達到了84,000美元的左右。長期持有人由於機構利益的上升而繼續發現資產吸引力，減少了減少和宏觀經濟的後風，例如降低通貨膨脹的預期。

Strategy's performance highlights the success — and risk — of corporate crypto conviction as the company holds close to $45 billion in Bitcoin and keeps up its aggressive buying. The high-stakes wager made by Saylor might become one of the biggest institutional trades in cryptocurrency history if Bitcoin keeps rising.

策略的績效強調了公司加密貨幣的成功（風險），因為該公司的比特幣將接近450億美元，並保持了積極的購買。如果比特幣不斷上升，Saylor發出的高風險賭注可能會成為加密貨幣歷史上最大的機構交易之一。