MicroStrategy 宣布籌集 17.5 億美元資金，購買更多比特幣

MicroStrategy 創辦人 Michael Saylor 宣布，該公司將發行 17.5 億美元的零息可轉換票據來購買更多比特幣。今天早些時候，MicroStrategy 購買了超過 46 億美元的 BTC。

MicroStrategy’s Bitcoin-first policy has paid off handsomely in the post-Trump bull market, with the company making record-breaking investments in BTC.

MicroStrategy 的比特幣優先政策在川普後多頭市場中獲得了豐厚的回報，該公司對 BTC 的投資創下了紀錄。

Now, MicroStrategy is set to announce a private offering of $1.75 billion in zero-coupon convertible notes to further bolster its Bitcoin holdings.

現在，MicroStrategy 將宣布私募發行 17.5 億美元的零息可轉換票據，以進一步增強其比特幣持有量。

The convertible senior notes will be offered as zero-coupon convertibles, meaning they will pay no interest and will instead mature into MicroStrategy stock in 2029. These notes will be offered at a discount to the prevailing market price.

可轉換優先票據將以零息可轉換債券的形式發行，這意味著它們將不支付利息，並將於 2029 年成熟為 MicroStrategy 股票。

“MicroStrategy intends to use the net proceeds from this offering to acquire additional bitcoin and for general corporate purposes,” the company said in a press release.

該公司在新聞稿中表示：“MicroStrategy 打算利用此次發行的淨收益來購買額外的比特幣並用於一般企業用途。”

The offering comes on the same day that MicroStrategy disclosed that it had purchased $4.6 billion in BTC. One week prior, the company also allocated slightly over $2 billion to Bitcoin purchases.

此次發行是在 MicroStrategy 披露其已購買 46 億美元的 BTC 的同一天進行的。一週前，該公司還撥款略高於 20 億美元購買比特幣。

These purchases make MicroStrategy the world’s largest Bitcoin holder by a significant margin and continue its staunch Bitcoin-first policy.

這些購買使 MicroStrategy 成為全球最大的比特幣持有者，並繼續其堅定的比特幣優先政策。

MicroStrategy’s stock has ballooned since adopting this policy, outperforming Bitcoin with a 24-year high in October. Its stock prices have increased by over 460% in a year and nearly 75% this month alone.

自採取這項政策以來，MicroStrategy 的股價大幅上漲，10 月的表現超越了比特幣，創下 24 年來的新高。其股價在一年內上漲了 460% 以上，光是本月就上漲了近 75%。

The company’s value is closely tied to the performance of Bitcoin, but they do not always align directly. In any event, MicroStrategy hit these highs before Trump’s re-election, and the subsequent bull market has sent them soaring.

該公司的價值與比特幣的表現密切相關，但它們並不總是直接一致。無論如何，MicroStrategy 在川普連任之前就達到了這些高點，隨後的牛市也讓它們飆升。

Some of the finer details around this private offering were not explicitly stated in the press release, such as the exact terms of asset maturation and MicroStrategy’s right to redeem the notes for cash.

新聞稿中沒有明確說明本次私募發行的一些細節，例如資產成熟的確切條款以及 MicroStrategy 將票據贖回現金的權利。

However, Saylor also announced a Webinar to discuss the offering on Tuesday, November 19, which will be open to Qualified Institutional Buyers—the same group that can purchase the notes.

不過，Saylor 也宣布將於 11 月 19 日星期二舉行網路研討會，討論此次發行，該研討會將向合格的機構買家開放，即可以購買這些票據的同一群體。

As long as the bull market continues, there’s no clear limit to MicroStrategy’s Bitcoin appetite. However, there is a limited supply of bitcoins, and ETF issuers have already outpaced miners’ production levels. These massive purchases are not sustainable forever, especially with such a buyer’s market, but Saylor will likely continue as long as possible.

只要牛市持續下去，MicroStrategy 的比特幣胃口就沒有明顯的限制。然而，比特幣的供應有限，ETF 發行人的生產速度已經超過了礦商的生產水準。這些大規模購買不可能永遠持續下去，尤其是在這樣的買方市場下，但塞勒可能會盡可能長時間地持續下去。