策略（NASDAQ：MSTR）與比特幣（BTC）串聯下降

戰略（NASDAQ：MSTR）（以前稱為MicroStrategy）在最近的交易中一直在股市下降。

Strategy (NASDAQ:MSTR) – formerly known as MicroStrategy—has been coping with a period of stock market decline in recent trading.

戰略（NASDAQ：MSTR）（以前稱為MicroStrategy）一直在應對最近的股市下降。

Specifically, MSTR shares experienced a 5.57% drop on Friday, March 7, to their latest closing price of $287.18, and an equally sharp collapse of 5.46% in the extended session, leading to the Monday pre-market value of $271.50.

具體而言，MSTR股票在3月7日星期五下跌了5.57％，其最新收盤價為287.18美元，在延長會議中同樣急劇倒閉，跌幅為5.46％，導致周一預售價值為271.50美元。

With Michael Saylor’s company facilitating investor exposure to Bitcoin (BTC) via vicarious ownership, it should come as no surprise that BTC’s own decline from $86,773 on Friday to $83,126 at press time has been one of the main reasons behind the stock price drop.

隨著邁克爾·賽勒（Michael Saylor）的公司通過替代所有權促進投資者對比特幣（BTC）的敞口，毫不奇怪的是，BTC自身從周五的86,773美元下降到新聞發布會時的83,126美元，這是股價下跌的主要原因之一。

How safe is Strategy from a Bitcoin unrealized loss

比特幣未實現損失的策略有多安全

Still, despite Strategy making numerous headlines in recent months thanks to its buying of a vast quantity of Bitcoin near the cryptocurrency’s all-time high (ATH), shareholders do not yet have to fear that the company would face losses due to the coin’s price decline.

儘管如此，儘管戰略在最近幾個月中成為了許多頭條新聞，這要歸功於加密貨幣歷史最高（ATH）附近購買大量比特幣，但股東尚未擔心該公司由於硬幣的價格下跌而面臨損失。

Indeed, Michael Saylor’s firm has, essentially, been dollar-cost-averaging (DCA) into its vast BTC treasury and, though there is some variance between sources, has significant room before taking an unrealized loss on its digital assets.

確實，邁克爾·賽勒（Michael Saylor）的公司本質上已經進入了其龐大的BTC財政部，儘管來源之間存在一些差異，但在其數字資產造成了不實現的損失之前，有很大的空間。

Strategy’s average Bitcoin purchase price is estimated as within the $62,473 – per BiTBO – and $66,357 – per Lookonchain.

策略的平均比特幣購買價格估計在每位鏈的62,473美元以內，每位比特幣（每位鏈）66,357美元。

Given that BTC is changing hands at $83,126 at press time, an unrealized loss remains relatively distant for Strategy despite the $9,585 weekly drop, hinting that a risk does exist.

鑑於BTC在發稿時以83,126美元的價格易手，儘管每週下降了9,585美元，但未實現的損失仍然相對遙遠，這暗示確實存在風險。

Why Bitcoin price is falling

為什麼比特幣價格下跌

Bitcoin’s drop – a key driver behind MSTR’s stock price fall – can be linked to several external factors.

比特幣的下降 - MSTR股價下跌的主要驅動力 - 可以與幾個外部因素有關。

Cryptocurrencies have been relatively reactive to macroeconomic news. President Donald Trump’s escalating and ever-shifting trade war has, so far, generated multiple bloodbaths.

加密貨幣對宏觀經濟新聞相對反應。到目前為止，唐納德·特朗普總統的升級和不斷變化的貿易戰已經引起了多种血液。

Furthermore, the selloff in the stock market appears to have reinforced the decline of digital assets.

此外，股票市場的拋售似乎加強了數字資產的下降。

Simultaneously, despite being anticipated to be a bullish catalyst, the issue of a strategic Bitcoin – or crypto more broadly – reserve has only deepened the downturn.

同時，儘管預計將是看漲的催化劑，但戰略性比特幣（或更廣泛的加密貨幣）的問題僅加深了衰退。

After making promises that led the community to hope a reserve would be established in the first weeks of the administration, President Trump issued little more than additional vague promises.

在做出的諾言使社區希望在政府的頭幾周建立儲備金之後，特朗普總統發表的只是額外的模糊承諾。

The latest of these has seemingly been particularly damaging as, despite the decisive wording, a lack of an actual buying mechanism means that the U.S. is no closer to stockpiling cryptocurrencies than when Trump was on the campaign trail.

其中最新的似乎特別有害，因為儘管有決定性的措辭，但缺乏實際的購買機制意味著，與特朗普在競選活動中相比，美國對庫存加密貨幣的距離沒有。

Simultaneously, the matter of the reserve may have amplified MSTR stock’s drop. The firm’s equity has been susceptible to alternative ways for people to gain exposure to the cryptocurrency market and the approval of the spot BTC exchange-traded funds (ETFs) in January 2024 also triggered a selloff.

同時，儲備金的問題可能會放大MSTR股票的下降。該公司的股權已容易受到人們對加密貨幣市場接觸的替代方式，並在2024年1月獲得BTC交易所交易所資金（ETF）的批准也引發了拋售。