MicroStrategy 計劃從可轉換優先票據籌集 $1.75B 以購買更多比特幣

MicroStrategy 宣布打算大幅增加其比特幣 (BTC) 持有量。據報道，本次購買計畫將以零息可轉換債券發行可轉換優先票據籌集 17.5 億美元。

MicroStrategy has announced plans to increase its Bitcoin (BTC) holdings significantly. The company reportedly intends to raise $1.75 billion for this purchase by offering its convertible senior notes at zero-coupon convertibles. Notably, the notes will be offered to individuals who are reasonably believed to qualify as institutional buyers as defined by “Rule 144A under the Securities Act and to certain non-U.S.”

MicroStrategy 宣布計劃大幅增加其比特幣 (BTC) 持有量。據報道，該公司打算透過以零息可轉換債券發行可轉換優先票據，為此次收購籌集 17.5 億美元。值得注意的是，這些票據將發行給被合理認為有資格成為「證券法第 144A 條規則下的機構買家」和某些非美國機構買家的個人。

The offer and sale of the notes and the shares of MicroStrategy's class A common stock issuable upon conversion of the notes, if any, have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction, and the notes and any such shares may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.

票據的發售和銷售以及票據轉換時可發行的 MicroStrategy A 類普通股股份（如有）尚未且不會根據《證券法》或任何其他司法管轄區的證券法進行登記，且票據未經註冊或未獲得此類註冊要求的適用豁免，任何此類股份不得在美國發售或出售。

A week prior, MicroStrategy announced the acquisition of 51,780 BTC, increasing its Bitcoin holdings to 331,200 BTC. It also purchased 27,200 Bitcoin at an average price of $74,463 per unit between October 31 and November 10. Following the recent market performance, its total holdings increased to $26 billion, surpassing the cash and liquid assets held by IBM, Nike, and Johnson & Johnson. As of November 17, MicroStrategy's unrealized profit stood at $13.4 billion, indicating a remarkable 112% increase.

一週前，MicroStrategy 宣布收購 51,780 BTC，將其比特幣持有量增加至 331,200 BTC。它還在10月31日至11月10日期間以每單位74,463美元的平均價格購買了27,200枚比特幣。和強生公司持有的現金和流動資產。截至 11 月 17 日，MicroStrategy 的未實現利潤為 134 億美元，增幅高達 112%。

Our research also indicates that Nike's reported cash and securities were around $10.9 billion in August, while those of IBM and Johnson & Johnson stood at $13.7 billion and $20.29 billion, respectively. However, MicroStrategy still lags behind 14 companies, including Apple and Alphabet, in terms of corporate treasury assets.

我們的研究還表明，Nike 8 月報告的現金和證券約為 109 億美元，而 IBM 和強生公司的現金和證券分別為 137 億美元和 202.9 億美元。然而，在企業財務資產方面，MicroStrategy 仍落後於蘋果和 Alphabet 等 14 家公司。

During the company's Q3 2024 earnings call, Executive Chairman Michael Saylor and CEO Phong Le revealed a strategic goal to raise $42 billion in capital over the next three years to acquire more Bitcoin. According to details reviewed by CNF, the amount would consist of $21 billion in equity and $21 billion in fixed-income securities, which they referred to as the “21/21 plan.”

在該公司 2024 年第三季財報電話會議上，執行主席 Michael Saylor 和執行長 Phong Le 透露了一項戰略目標，即在未來三年內籌集 420 億美元資本以收購更多比特幣。根據 CNF 審查的細節，該金額將包括 210 億美元的股權和 210 億美元的固定收益證券，他們稱之為「21/21 計畫」。

Michael Saylor on Company's Consistent Bitcoin Acquisition PlanCommenting on the long-term Bitcoin acquisition plan, Saylor revealed that they are currently targeting an annual Bitcoin yield of 6-10%. This suggests that the company's vision extends beyond holding Bitcoin to creating a market for BTC-backed securities.

Michael Saylor 談公司一致的比特幣收購計畫 Saylor 在評論長期比特幣收購計畫時透露，他們目前的目標是比特幣年收益率為 6-10%。這表明該公司的願景不僅限於持有比特幣，還包括為比特幣支持的證券創建市場。

“Bitcoin is the best use of proceeds, maybe in the history of the capital markets... We are going to buy and hold Bitcoin indefinitely, exclusively, securely. If you're waiting for us to hedge, to sell it, to get out on top, if you're looking for us to diversify, go elsewhere.”

「也許在資本市場的歷史上，比特幣是收益的最佳用途……我們將無限期、獨家、安全地購買並持有比特幣。如果你在等待我們進行對沖、出售、脫穎而出，如果你正在尋找我們實現多元化，那就去其他地方吧。

At press time, Bitcoin was trading at $91.6k after surging by 1.4% in the last 24 hours.

截至發稿時，比特幣交易價格為 9.16 萬美元，在過去 24 小時內飆升 1.4%。

As reported on November 14, several analysts, including Lennix Lai, Global Chief Commercial Officer of crypto exchange OKX, and Josh Gilbert, Market Analyst at eToro, anticipate a bullish run beyond $100k by year-end.

根據 11 月 14 日報道，包括加密貨幣交易所 OKX 全球首席商務官 Lennix Lai 和 eToro 市場分析師 Josh Gilbert 在內的多位分析師預計，到年底，比特幣價格將突破 10 萬美元。