MicroStrategy 繼續其最大的比特幣購買熱潮，現已擁有價值 $16.5B 的 331,200 BTC

這種無情的比特幣購買背後的人是該公司的聯合創始人兼董事長邁克爾·塞勒(Michael Saylor)。

MicroStrategy went on a massive Bitcoin shopping spree, spending $4.6 billion between November 11 and 17. The company now owns 51,780 Bitcoin, bringing its total stash to over $29 billion.

MicroStrategy 進行了大規模的比特幣購買熱潮，在 11 月 11 日至 17 日期間花費了 46 億美元。

The man behind this relentless Bitcoin buying is Michael Saylor, the company’s co-founder and chairman. Back in 2020, Saylor bet on Bitcoin as a hedge against inflation. Initially, the company used cash for its purchases, but Saylor upped the ante.

這種無情的比特幣購買背後的人是該公司的聯合創始人兼董事長邁克爾·塞勒(Michael Saylor)。早在 2020 年，塞勒就押注比特幣作為對沖通貨膨脹的工具。最初，該公司使用現金進行採購，但塞勒提高了賭注。

Now, MicroStrategy sells stocks and issues convertible debt to bankroll its Bitcoin addiction. If you think $4.6 billion is crazy, Saylor says the company plans to raise $42 billion over the next three years. He’s not slowing down.

現在，MicroStrategy 出售股票並發行可轉換債券來為其比特幣成癮提供資金。如果你認為 46 億美元太瘋狂了，塞勒表示，該公司計劃在未來三年籌集 420 億美元。他並沒有放慢速度。

How the Bitcoin obsession affects MicroStrategy’s stock Naturally, MicroStrategy’s stock (MSTR) price moves like it’s tied to Bitcoin with an invisible leash. On November 18, MSTR shares opened at $370.01. The price bounced between $339.37 and $377.34 throughout the day.

對比特幣的執著如何影響 MicroStrategy 的股票 自然地，MicroStrategy 的股票 (MSTR) 價格走勢就像用無形的皮帶與比特幣聯繫在一起。 11 月 18 日，MSTR 股價開盤價為 370.01 美元。全天價格在 339.37 美元至 377.34 美元之間反彈。

The company’s market cap now sits at $74.94 billion, with 15.2 million shares traded that day. While that volume is slightly below its average of 16.9 million shares, it’s clear investors are keeping a close eye on every move the company makes.

該公司目前的市值為 749.4 億美元，當天交易了 1,520 萬股。雖然這筆交易量略低於 1,690 萬股的平均水平，但顯然投資者正在密切關注該公司的一舉一動。

If Bitcoin goes up, MSTR usually follows. If Bitcoin tanks, well, you can guess what happens to the stock. MicroStrategy now owns 331,200 Bitcoin. That’s worth a staggering $16.5 billion based on what the company spent to accumulate it.

如果比特幣上漲，MSTR 通常也會跟著上漲。如果比特幣下跌，那麼你可以猜測股票會發生什麼事。 MicroStrategy 目前擁有 331,200 枚比特幣。根據該公司累積的資金，其價值高達 165 億美元。

The average cost? About $49,874 per Bitcoin. Compare that to the $88,627 average price tag for this latest haul, and you see just how committed they are—even at sky-high prices.

平均成本？每個比特幣約 49,874 美元。與這批最新貨物的平均價格 88,627 美元相比，你會發現他們的承諾有多堅定——即使價格很高。

Funding the spree: Shares, debt, and high stakes Let’s talk money. How does a company spend billions on Bitcoin without draining its coffers? MicroStrategy has turned to selling shares under a sales agreement and issuing convertible debt to fund its buying binges.

為這場狂歡提供資金：股票、債務和高風險 讓我們來談談金錢。一家公司如何在不耗盡金庫的情況下花費數十億美元購買比特幣？ MicroStrategy 已轉向根據銷售協議出售股票並發行可轉換債券來為其瘋狂的收購活動提供資金。

This approach allows the company to use investor money to keep its Bitcoin ambitions alive. But it’s also risky. The company’s entire future hinges on Bitcoin continuing to rise in value. If it doesn’t, they’re in trouble. Saylor doesn’t seem fazed though. He’s doubling down.

這種方法允許該公司利用投資者的資金來維持其比特幣野心。但這也有風險。該公司的整個未來取決於比特幣價值的持續上漲。如果沒有，他們就會有麻煩了。不過，塞勒似乎並不擔心。他正在加倍努力。

Meanwhile, the stock’s technical setup is also worth noting. Analysts peg its support level at $271.18. If the price dips there, it might attract more buyers. On the flip side, resistance sits at $384.83. This is the point where traders could start selling, pushing the stock back down.

同時，該股的技術結構也值得注意。分析師將其支撐位定為 271.18 美元。如果那裡的價格下跌，可能會吸引更多買家。另一方面，阻力位為 384.83 美元。這是交易者可以開始拋售的點，從而推動股價回落。

MicroStrategy’s financials, however, paint a less rosy picture. The company reports an earnings per share (EPS) of -$2.49. Its price-to-earnings ratio is a grim -148.41. But for now, the market seems willing to overlook these red flags.

然而，MicroStrategy 的財務狀況卻不容樂觀。該公司公佈的每股盈餘 (EPS) 為 - 2.49 美元。其本益比為慘淡的-148.41。但就目前而言，市場似乎願意忽視這些危險訊號。

MicroStrategy’s Bitcoin gamble has allowed it to outshine some major players in the tech and crypto space. Tesla, for instance, is trading at $275.00 per share but grappling with production delays and rising competition in the electric vehicle (EV) market.

MicroStrategy 的比特幣賭博使其超越了科技和加密領域的一些主要參與者。例如，特斯拉的股價為每股 275 美元，但正在努力應對生產延遲和電動車 (EV) 市場競爭加劇的問題。

Coinbase is another story. Trading at $75.00, the crypto exchange has faced regulatory headwinds and a decline in trading volumes. Even NVIDIA, a tech titan trading at $440.00, has faced setbacks due to market corrections. Other players like Block and Palantir are also lagging behind.

Coinbase 則是另一個故事。該加密貨幣交易所的交易價格為 75.00 美元，面臨監管阻力和交易量下降。即使是股價 440.00 美元的科技巨頭 NVIDIA，也因市場調整而遭遇挫折。 Block 和 Palantir 等其他玩家也落後了。