MicroStrategy 計劃透過出售股票籌集 20 億美元以購買更多比特幣

這項雄心勃勃的舉措旨在加強公司的資產負債表，並加速其本已激進的比特幣收購策略。

Technology firm MicroStrategy (NASDAQ:MSTR) is planning to sell $2 billion in stock in a move that will strengthen its balance sheet and allow it to buy more Bitcoin (CRYPTO:BTC).

科技公司 MicroStrategy（納斯達克股票代碼：MSTR）計劃出售 20 億美元的股票，此舉將增強其資產負債表並允許其購買更多比特幣（CRYPTO：BTC）。

Here’s what you need to know about the offering.

以下是您需要了解的有關該產品的資訊。

Details Of The Offering

本次發行的詳細信息

The offering was announced on January 3 for sales, which are expected to take place in the first quarter of 2025, subject to market conditions. Proceeds of this capital increase will be used, among others, to enhance the company’s financial position and buy more Bitcoin.

此次發行於 1 月 3 日宣布發售，預計將於 2025 年第一季進行，視市場情況而定。此次增資的收益將用於增強公司的財務狀況併購買更多比特幣等。

MicroStrategy’s preferred stock will bear characteristics including its conversion into Class A common stock, the cash dividend paid on it, and its redemption.

MicroStrategy 的優先股將具有包括轉換為 A 類普通股、支付現金股息以及贖回等特徵。

Leading the charge in carving out this strategy is Michael Saylor, the executive chairman of the company and one of the most vocal Bitcoin champions. His firm has acquired 446,400 BTC valued at approximately $43.9 billion, or an average price of $62,396 apiece. Meanwhile, the current market price of BTC stands at $97,700, representing an unrealized appreciation of 店で56.8% against the cost price of MicroStrategy’s acquisition.

領導制定這項策略的是麥可‧塞勒(Michael Saylor)，他是該公司的執行董事長，也是最具聲望的比特幣擁護者之一。他的公司已收購了 446,400 枚比特幣，價值約 439 億美元，平均每枚價格為 62,396 美元。同時，BTC 目前的市價為 97,700 美元，相對於 MicroStrategy 的收購成本價，未實現升值 56.8%。

Earlier on Monday morning, Saylor posted the following portfolio tracker. It’s a signal that he is about to announce another large Bitcoin buy.

週一早上早些時候，塞勒發布了以下投資組合追蹤器。這是他即將宣布另一筆大量比特幣購買的訊號。

Part Of A Larger Strategy

更大戰略的一部分

This stock sale is part of MicroStrategy’s larger “21/21 Plan,” whereby the company wants to sell $42 billion in equity and fixed-income instruments over three years. Hence, this now is 45% complete, well underway, to underline the company’s confidence in Bitcoin for the longer term as a store of value and an inflation hedge.

此次股票出售是 MicroStrategy 更大的「21/21 計畫」的一部分，該公司希望在三年內出售價值 420 億美元的股票和固定收益工具。因此，目前該項目已完成 45%，正在順利進行中，以突顯該公司對比特幣作為價值儲存手段和通膨對沖工具的長期信心。

Bitcoin (BTC) price chart. Source: Bitcoin Liquid Index (BLX) via Brave New Coin

比特幣（BTC）價格圖表。來源：比特幣流動性指數（BLX），取自 Brave New Coin

MicroStrategy continues to buy more Bitcoin through purchases that are non-stop. In December 2024, it bought more than 60,000 BTC. Of those, 21,550 BTC were purchased on December 9 for an average of $98,783 apiece.

MicroStrategy 繼續透過不間斷的購買方式購買更多比特幣。 2024年12月，購買了超過6萬個BTC。其中，12 月 9 日購買了 21,550 枚 BTC，平均每枚價格為 98,783 美元。

Market Impact

市場影響

The announcement comes when volatility is rife in the cryptocurrency markets. Indeed, Bitcoin is well off its highs of late, most recently finding resistance around $100,000, trading about 10% below its all-time high of $108,268, touched in December 2024. Yet MicroStrategy’s news didn’t do the stock: MSTR rose 13% to $339.60 on January 3, up 438% from a year earlier.

這項消息發布之際，加密貨幣市場波動劇烈。事實上，比特幣已經遠離近期高點，最近在10 萬美元左右遇到阻力，交易價格比2024 年12 月觸及的歷史高點108,268 美元低約10%。上漲了13% 1 月 3 日上漲至 339.60 美元，較去年同期上漲 438%。

A Pioneering Strategy With Risks

具有風險的開創性策略

With its Bitcoin-focused foray, MicroStrategy has broken the ice in corporate treasury management. Through its substantial commitment of resources to Bitcoin, the company has redefined how businesses view digital assets. Yet, the volatility of the digital asset remains a concern, along with regulatory uncertainty.

透過以比特幣為重點的進軍，MicroStrategy 打破了企業財務管理領域的堅冰。透過對比特幣的大量資源投入，該公司重新定義了企業看待數位資產的方式。然而，數位資產的波動性以及監管的不確定性仍然令人擔憂。

The offering also showcases the innovative financing mechanisms that MicroStrategy employs in raising capital to fund the purchase of cryptocurrencies through convertible notes and perpetual preferred stock. This provides flexibility with a minimum dilution of shareholder value.

此次發行也展示了 MicroStrategy 在透過可轉換票據和永久優先股籌集資金以資助購買加密貨幣時所採用的創新融資機制。這提供了靈活性，同時最大限度地減少了股東價值的稀釋。

The Road Ahead

未來之路

As Bitcoin adoption continues to grow, MicroStrategy’s bold initiatives may pave the way for other corporations to explore similar strategies. The firm plans to hold a shareholder meeting later this year to discuss increasing authorized stock to support the proposed offerings, a move that could further cement its position as a leader in corporate Bitcoin investment.

隨著比特幣採用率的持續成長，MicroStrategy 的大膽舉措可能為其他公司探索類似策略鋪平道路。該公司計劃在今年稍後舉行股東大會，討論增加授權股票以支持擬議的發行，此舉可能會進一步鞏固其作為企業比特幣投資領導者的地位。

Finally, if this image of Michael Saylor with Eric Trump at Mar-a-Lago doesn’t make you bullish for Bitcoin, a Bitcoin Strategic Reserve and the Bitcoin price in 2025, we’re not sure what will….

最後，如果邁克爾·塞勒(Michael Saylor) 與埃里克·特朗普(Eric Trump) 在海湖莊園的這張照片不能讓你看好比特幣、比特幣戰略儲備和2025 年的比特幣價格，我們不確定什麼會......。