MicroStrategy 堅定不移的比特幣信念推動機構加密貨幣需求

商業智慧公司 MicroStrategy 在 2024 年第一季購買了價值 16.5 億美元的比特幣 (BTC)，使其投資組合增加了 25,250 個 BTC。該公司目前總共持有 214,400 BTC，約佔流通中比特幣總量的 1%。儘管收入下滑，MicroStrategy 仍致力於其比特幣投資策略，將其視為通膨對沖工具和潛在的長期成長動力。

MicroStrategy's Steadfast Commitment to Bitcoin Bolsters Crypto's Institutional Appeal

MicroStrategy 對比特幣的堅定承諾增強了加密貨幣的機構吸引力

MicroStrategy's unwavering faith in Bitcoin has taken a bold turn, with the tech giant purchasing 25,250 BTC during the first quarter of 2024, totaling approximately $1.65 billion and raising its Bitcoin reserves to 214,400 BTC, equivalent to roughly 1% of the total Bitcoin supply.

MicroStrategy 對比特幣堅定不移的信心發生了大膽轉變，這家科技巨頭在2024 年第一季購買了25,250 BTC，總計約16.5 億美元，並將其比特幣儲備增加至214,400 BTC，相當於比特幣總供應量的約1%。

This strategic investment highlights MicroStrategy's unwavering belief in Bitcoin's long-term potential and strengthens the company's position as a significant player in the cryptocurrency ecosystem.

這項策略性投資凸顯了 MicroStrategy 對比特幣長期潛力的堅定信念，並鞏固了該公司作為加密貨幣生態系統重要參與者的地位。

Financial Performance Reflects Bitcoin Holdings Impact

財務表現反映了比特幣持有量的影響

MicroStrategy's first-quarter earnings report paints a mixed financial picture. Revenue declined by 5.5% year-over-year to $115.2 million, with a steeper 5.7% decline when adjusted for constant currency. Despite the overall decline, subscription services revenue rose by 22%, signaling the growing adoption of MicroStrategy's cloud-native software solutions.

MicroStrategy 第一季財報描繪了一幅喜憂參半的財務狀況。營收年減 5.5%，至 1.152 億美元，以固定匯率調整後，降幅更高達 5.7%。儘管整體下降，訂閱服務收入成長了 22%，這表明 MicroStrategy 的雲端原生軟體解決方案的採用率不斷上升。

The company posted a net loss of $53.1 million for the quarter, a significant contrast to the net income of $461.2 million reported in the same quarter last year. The loss was primarily driven by a $191.6 million impairment loss on Bitcoin holdings.

該公司公佈本季淨虧損 5,310 萬美元，與去年同期淨利 4.612 億美元形成鮮明對比。這一損失主要是由於比特幣持有量的 1.916 億美元減損損失造成的。

MicroStrategy's operating expenses also soared by 152.8% to $288.9 million, weighed down by digital asset impairments. Gross profit for the quarter stood at $85.2 million, with a gross margin of 74.0%, down from 77.1% a year ago.

受數位資產減損拖累，MicroStrategy 的營運支出也飆漲 152.8% 至 2.889 億美元。該季度毛利為 8,520 萬美元，毛利率為 74.0%，低於去年同期的 77.1%。

Operational Optimism and Cloud Integration

營運樂觀和雲端集成

Despite the financial pressures, MicroStrategy remains optimistic about its operational strategy and the integration of its software platforms into cloud services. The recent approval of spot Bitcoin exchange-traded products (ETFs) has further boosted this outlook, suggesting a potential surge in institutional demand for cryptocurrencies.

儘管面臨財務壓力，MicroStrategy 仍對其營運策略以及軟體平台與雲端服務的整合持樂觀態度。最近現貨比特幣交易所交易產品（ETF）的批准進一步提振了這一前景，表明機構對加密貨幣的需求可能會激增。

14th Consecutive Quarter of Bitcoin Purchases

比特幣購買量連續第 14 季成長

Andrew Kang, MicroStrategy CFO, emphasized the company's continued commitment to Bitcoin, with the latest purchases marking the 14th consecutive quarter of Bitcoin additions to its balance sheet.

MicroStrategy 財務長 Andrew Kang 強調了該公司對比特幣的持續承諾，最新的購買標誌著其資產負債表中連續第 14 個季度增加比特幣。

Kang attributed Bitcoin's price appreciation in the first quarter of 2024 to the approval of spot Bitcoin ETFs, increased institutional interest, and improved regulatory clarity. Bitcoin reached all-time highs on several occasions this year, most notably touching $73,686.93 on March 14.

Kang 將 2024 年第一季比特幣價格上漲歸因於現貨比特幣 ETF 的批准、機構興趣的增加以及監管透明度的提高。比特幣今年多次創下歷史新高，最引人注目的是 3 月 14 日觸及 73,686.93 美元。

Convertible Debt Offerings Fund Bitcoin Acquisitions

可轉換債券發行為比特幣收購提供資金

Kang confirmed that MicroStrategy raised $1.5 billion through two convertible debt offerings in the first quarter. Earlier announcements indicated that the company allocated a portion of these funds to Bitcoin purchases.

Kang 證實，MicroStrategy 在第一季透過兩次可轉換債券發行籌集了 15 億美元。早些時候的公告表明，該公司將部分資金用於購買比特幣。

MSTR Stock as an Alternative Investment

MSTR 股票作為另類投資

MicroStrategy's executive chairman and co-founder Michael Saylor has consistently promoted the company's Bitcoin acquisition initiative as an investment opportunity. He has advocated for MSTR stock as an alternative to spot Bitcoin ETFs and direct Bitcoin investment.

MicroStrategy 執行主席兼聯合創始人 Michael Saylor 一直將該公司的比特幣收購計劃視為投資機會。他主張 MSTR 股票作為現貨比特幣 ETF 和直接比特幣投資的替代方案。

Saylor has backed his claims with long-term data, reporting that MSTR has experienced a staggering 937% price growth since adopting its Bitcoin strategy on August 10, 2020. In comparison, Bitcoin has grown by 435% over the same period, while the S&P 500 has appreciated by only 52%.

Saylor 用長期數據支持了他的說法，報告稱，自2020 年8 月10 日採用比特幣策略以來，MSTR 的價格增長了驚人的937%。標普指數500僅升值52%。

MicroStrategy's Role in Institutional Adoption

MicroStrategy 在機構採用中的作用

MicroStrategy's persistent Bitcoin purchases and its vocal support for the cryptocurrency have played a significant role in boosting institutional adoption. The company's actions have helped legitimize Bitcoin as a viable investment asset and have encouraged other corporations to explore similar strategies.

MicroStrategy 持續購買比特幣以及對加密貨幣的大力支持在促進機構採用方面發揮了重要作用。該公司的行動幫助比特幣成為可行的投資資產，並鼓勵其他公司探索類似的策略。

MicroStrategy's unwavering commitment to Bitcoin underscores the growing institutional interest in cryptocurrencies. The company's actions and financial performance provide valuable insights into the potential for institutional adoption and the role of Bitcoin in the global financial landscape.

MicroStrategy 對比特幣的堅定承諾凸顯了機構對加密貨幣日益增長的興趣。該公司的行動和財務表現為機構採用的潛力以及比特幣在全球金融格局中的作用提供了寶貴的見解。