MicroStrategy幾乎是其比特幣籌集目標的一半

自第三季度末以來，該公司以前被稱為Microstrategy說，它以205億美元的價格收購了218,887個比特幣。

Strategy, formerly known as MicroStrategy, said it's almost halfway to its ambitious capital raising goal as it went on a buying spree throughout the postelection rally.

策略（以前稱為MicroStrategy）表示，它幾乎是其雄心勃勃的資本籌集目標的一半，因為它在整個選舉後的集會中進行了狂歡。

The company said since the end of the third quarter it has acquired 218,887 bitcoins for $20.5 billion. Strategy currently holds 471,107 bitcoins on its balance sheet, about 2% of the total supply.

該公司表示，自第三季度末以來，它以205億美元的價格收購了218,887個比特幣。目前，策略在其資產負債表上持有471,107個比特幣，約佔總供應量的2％。

"We have completed $20 billion of our $42 billion capital plan, significantly ahead of our initial timelines, while leading the digital transformation of capital in the financial markets. Looking ahead to the rest of 2025, we are well-positioned to further enhance shareholder value by leveraging the strong support from institutional and retail investors for our strategic plan," said Phong Le, president and CEO of the company, said in its fourth-quarter financial release.

“我們已經完成了200億美元的420億美元資本計劃，在我們的初始時間表之前，我們已經在領先於金融市場的數字化轉型之前，在我們的初始時間表之前。該公司總裁兼首席執行官Phong Le在其第四季度的金融發布中說：“通過利用機構和零售投資者的大力支持。”

Shares of Strategy were little changed in extended trading. Earlier Wednesday, it unveiled its new name and logo, which it said was aimed at underscoring its focus on bitcoin.

在擴展交易中，戰略份額幾乎沒有改變。週三早些時候，它推出了其新名稱和徽標，並說該徽標旨在強調其對比特幣的關注。

In its last financial update, Strategy revealed a plan to issue $42 billion in securities between 2025 and 2027. As cryptocurrencies rallied after the election, the firm piled aggressively into bitcoin on a weekly basis even as the coin hit record after record – making some investors wonder if the plan had been pulled forward.

在最後一次財務更新中，戰略揭示了一項計劃，計劃在2025年至2027年之間發行420億美元的證券。當大選後加密貨幣集會，該公司每週都在每周積極地堆入比特幣，即使在記錄後唱片記錄- 有些投資者- 創造了一些投資者- 想知道該計劃是否已向前拉。

The company finished the year with an annual BTC yield of 74.3%. It has raised its annual target for BTC yield in each of the next three years to 15% from a range of 6% to 8%.

該公司的年度BTC收益率為74.3％。它已將未來三年中每年的BTC收益率的年目標從6％到8％的範圍提高到15％。

BTC Yield is meant to measure the performance of the firm's bitcoin acquisition strategy; specifically, the percent change from one period to another in the amount of bitcoin it owns per Strategy share. Strategy introduced the metric in August, during its second-quarter earnings update.

BTC收益旨在衡量公司的比特幣採集策略的績效；具體而言，百分比從一個時期變為另一個時期，其每個策略份額擁有的比特幣數量。策略於8月在其第二季度收益更新期間介紹了該指標。

The company reached a BTC yield of 2.9% in the fourth quarter, compared with 5.1% in the third quarter.

該公司在第四季度的BTC收益率為2.9％，而第三季度為5.1％。

Strategy also introduced some new metrics to gauge its future performance. The first, BTC Gain, is the number of bitcoins the company has at the beginning of a period multiplied by the BTC Yield for the period. The second, BTC $Gain, takes the BTC Gain metric and translates its value into dollars based on the market price of bitcoin as 4 p.m. ET on the last day of the quarter, using the Coinbase exchange.

策略還引入了一些新的指標來評估其未來的表現。首先是BTC收益，是該公司開始時公司擁有的比特幣數量，乘以該期間的BTC收益率。第二個BTC $ GAIN將BTC增益度量計算，並根據比特幣的市場價格在本季度的最後一天，使用Coinbase Exchange將其價值轉換為美元。

Strategy said it achieved a BTC Gain of 140,538 in 2024, and is targeting a BTC $Gain of $10 billion for 2025.

策略表示，它在2024年獲得了BTC的140,538，目標是2025年的BTC $ 100億美元。

The company famously embarked on an aggressive bitcoin-buying strategy in 2020, and it now drives the company's valuation. In the past year, it's become more aggressive in its approach, raising billions of dollars through the sale of convertible bonds for the sole purpose of buying more bitcoin. Along the way, the bitcoin proxy's gained a fan base of retail investors, grown its market value and landed a place in the Nasdaq-100.

該公司在2020年開始採取積極的比特幣制定策略，現在推動了公司的估值。在過去的一年中，它的方法變得更加積極，通過出售可轉換債券籌集了數十億美元，目的是購買更多比特幣。一路上，比特幣代理人獲得了散戶投資者的粉絲群，增長了其市場價值，並在納斯達克100號佔據了一席之地。

While most investors will focus on the company's bitcoin assets, it does report earnings for its legacy software business. Those operations posted a fourth-quarter loss of $670.8 million, or $3.03 per share, compared with earnings of $89.1 million, or 58 cents per share, a year ago.

儘管大多數投資者將專注於公司的比特幣資產，但它確實為其舊軟件業務報告了收益。這些業務的虧損為6.708億美元，即每股3.03美元，而一年前的收入為8,910萬美元，每股58美分。

Revenue slipped 3% to $120.7 million from $124.5 million a year ago. Sales of subscription services and product licenses units grew at the software business, offset by declines in product support and other revenue.

從一年前的1.245億美元起，收入下跌了3％至1.207億美元。訂閱服務和產品許可單元的銷售在軟件業務上增長，被產品支持和其他收入的下降所抵消。