MicroStrategy (MSTR) 否認計劃發行 100 億股股票購買價值 3 兆美元的比特幣 (BTC)

商業智慧公司 MicroStrategy (MSTR) 再次成為新聞焦點。這次，有猜測稱，Michael Saylor 領導的公司計劃發行 100 億股 MSTR 股票，以額外購買價值 3 兆美元的比特幣 (BTC)。

Business intelligence firm MicroStrategy (NASDAQ:MSTR) has once again made headlines. This time, there are speculations that the Michael Saylor-led firm is planning to issue 10 billion MSTR shares to purchase an additional $3 trillion worth of Bitcoin (CRYPTO:BTC).

商業智慧公司 MicroStrategy（納斯達克股票代碼：MSTR）再次成為頭條新聞。這次，有猜測稱，Michael Saylor 領導的公司計劃發行 100 億股 MSTR 股票，以額外購買價值 3 兆美元的比特幣（CRYPTO：BTC）。

However, Jeff Park, Head of Alpha Strategies at Bitwise Asset Management, has offered reasons not to believe the speculation in a post on X. Park’s tone suggests disbelief, given the unrealistic nature of such a move, and dismisses it outright.

然而，Bitwise 資產管理公司Alpha 策略主管傑夫·帕克(Jeff Park) 在一篇關於X 的帖子中給出了不相信這一猜測的理由。表明了不相信，並徹底駁斥了這個說法。

Primarily, the figure is staggeringly huge. To Park, it sounds absurd for a company to invest $3 trillion into an asset. Interestingly, the total market capitalization of Bitcoin currently at the market price is less than $2 trillion. Hence, pulling such a move would be almost impossible, as MicroStrategy is worth about $85 billion.

首先，這個數字大得驚人。對 Park 來說，一家公司投資 3 兆美元到一項資產聽起來很荒謬。有趣的是，目前以市場價格計算的比特幣總市值不到2兆美元。因此，撤回這項措施幾乎是不可能的，因為 MicroStrategy 的價值約為 850 億美元。

$MSTR is not issuing 10 billion shares to buy $3 trillion worth of Bitcoin.

$MSTR 不會發行 100 億股股票來購買價值 3 兆美元的比特幣。

I can’t believe I’m tweeting this on Christmas Eve.

我不敢相信我會在平安夜發推文。

Beyond the surface, Park also addressed critical issues among some potential investors holding back from MSTR due to the price fluctuations of BTC. He referenced a previous post explaining the fears around MSTR and its price performance relative to the crypto market.

除此之外，Park 也解決了一些潛在投資者因 BTC 價格波動而不願參與 MSTR 的關鍵問題。他引用了先前的一篇文章，解釋了人們對 MSTR 的擔憂及其相對於加密貨幣市場的價格表現。

Bitcoin and MSTR’s valuation

比特幣和 MSTR 的估值

Notably, Park clarified that MicroStrategy’s heavy investment in Bitcoin makes the value of the company’s shares intrinsically tied to BTC. He noted that if MSTR should dip to zero, Bitcoin’s value will be negatively affected.

值得注意的是，Park 澄清說，MicroStrategy 對比特幣的大量投資使得該公司股票的價值與比特幣有著內在的聯繫。他指出，如果 MSTR 跌至零，比特幣的價值將受到負面影響。

However, he assured readers that even if Bitcoin plummets to a record low of $30,000, MSTR will still not crash to zero.

不過，他向讀者保證，即使比特幣跌至 3 萬美元的歷史新低，MSTR 仍不會跌至零。

Park highlighted that MicroStrategy has multiple capital extension strategies and additional levers to win in the broader market. This aligns with a U.Today report, where Adam Back, Blockstream CEO, maintains that MicroStrategy’s shares are cheap, believing they are undervalued.

Park 強調，MicroStrategy 擁有多種資本擴展策略和額外槓桿來贏得更廣泛的市場。這與 U.Today 的一份報告一致，其中 Blockstream 執行長 Adam Back 堅稱 MicroStrategy 的股票很便宜，認為它們被低估了。

Furthermore, Park maintains that investors need to avoid being bearish with MSTR every time the price of Bitcoin drops. As of this writing, the BTC price was trading up by 3.95% at $97,548 in a surprising market rebound.

此外，Park 認為，每次比特幣價格下跌時，投資者都需要避免看跌 MSTR。截至撰寫本文時，BTC 價格上漲 3.95%，至 97,548 美元，以出現令人驚訝的市場反彈。