隨著比特幣 (BTC) 飆升，先鋒集團 (Vanguard) 和摩根士丹利 (Morgan Stanley) 等華爾街巨頭紛紛買入 MicroStrategy (MSTR) 股票

商業情報公司 MicroStrategy 自從 2020 年 8 月成為比特幣的主要企業持有者以來，一直被認為是某種比特幣代理商。

Business intelligence firm MicroStrategy (NASDAQ:MSTR) has been a bitcoin (CRYPTO:BTC) proxy stock ever since it became the leading corporate holder of bitcoin in August 2020. The company now holds 331,200 BTC, valued at approximately $29.7 billion, following a massive purchase of roughly $4.6 billion on Monday — its largest single-day set of transactions yet.

商業情報公司MicroStrategy（納斯達克股票代碼：MSTR）自2020 年8 月成為比特幣領先企業持有者以來，一直是比特幣（CRYPTO：BTC）代理股票。價值約297 億美元，此前該公司已持有大量比特幣。

"MSTR's ability to generate compounding yield on its bitcoin holdings, enabled by leverage accrued through the repeated tapping of the U.S. capital markets, differentiates its stock from alternative means of gaining exposure to bitcoin such as spot bitcoin ETFs," wrote Mark Palmer, an analyst at Benchmark, in a Nov. 18 note to clients.

分析師馬克·帕爾默（Mark Palmer）寫道：「透過反覆利用美國資本市場累積的槓桿，MSTR 能夠透過其持有的比特幣產生複利，這使其股票有別於其他獲得比特幣敞口的方式，例如現貨比特幣ETF。

As retail traders continue piling into the stock, how does the institutional side view MicroStrategy's stock? 13Fs can be a way to get a glimpse into how the largest portfolios and some of the most influential money managers play the market. It turns out that Wall Street's traditional titans don't want to miss out on the ride either.

隨著散戶交易員繼續湧入該股，機構方面如何看待 MicroStrategy 的股票？ 13F 可以讓您了解最大的投資組合和一些最有影響力的基金經理如何參與市場。事實證明，華爾街的傳統巨頭也不想錯過這個機會。

Throughout the past week, institutional investment managers with at least $100 million in equity assets under management filed 13F reports with the U.S. Securities and Exchange Commission. The filings, which are required within 45 days of the end of each quarter, provide a view of the manager's stock holdings. The following data represents holdings as of Sept. 30 and does not disclose any short positions.

過去一周，管理至少 1 億美元股權資產的機構投資經理向美國證券交易委員會提交了 13F 報告。這些文件需要在每個季度結束後 45 天內提交，以了解經理所持股票的情況。以下數據代表截至 9 月 30 日的持倉量，未揭露任何空頭部位。

Institutions now own 738, up from 667, with a total reported value of $15.3 billion, according to 13f.info.

據 13f.info 稱，該機構目前擁有 738 家，高於 667 家，總價值達 153 億美元。

Both Vanguard Group, the world's second-largest asset manager, and Capital International Investors purchased nearly 16 million MicroStrategy shares apiece in Q3 — roughly a 1,000% increase in both companies' MSTR holdings. (As it happens, at the time spot bitcoin ETFs were listed in the U.S., a Vanguard executive said the firm would not offer the assets because of skepticism over crypto's "enduring investment merit" as an asset class.)

全球第二大資產管理公司 Vanguard Group 和 Capital International Investors 在第三季分別購買了近 1,600 萬股 MicroStrategy 股票，兩家公司的 MSTR 持股增加了約 1,000%。 （碰巧的是，當現貨比特幣 ETF 在美國上市時，先鋒集團的一位高層表示，由於對加密貨幣作為資產類別的「持久投資價值」持懷疑態度，該公司不會提供這些資產。）

Investment banking giant Morgan Stanley didn't shy away either, buying 8 million shares — a 500% quarter-over-quarter jump. Goldman Sachs and Bank of America bought smaller sums (696,000 and 766,00 shares, respectively), but those buys follow huge purchases from the prior quarter. Meanwhile, State Street and Susquehanna bought 5.3 million of MSTR between them.

投資銀行巨頭摩根士丹利也不迴避，購買了 800 萬股——季增 500%。高盛和美國銀行購買的金額較小（分別為 696,000 股和 766,000 股），但這些購買是在上一季進行了大量購買後進行的。同時，道富銀行 (State Street) 和薩斯奎哈納 (Susquehanna) 共同購買了 530 萬股 MSTR。

It should be noted that these holdings are relatively paltry compared to these firms' larger holdings. Vanguard, for example, owns 800 million shares of Amazon (NASDAQ:AMZN).

應該指出的是，與這些公司的大量持股相比，這些持股相對微不足道。例如，Vanguard 擁有 8 億股亞馬遜（納斯達克股票代碼：AMZN）股票。

The price of bitcoin is up nearly 110% year-to-date, which significantly lags MicroStrategy shares that have amassed a 450% gain in the same time period. MSTR recently crossed its previous all-time high.

今年迄今為止，比特幣價格上漲了近 110%，明顯落後於同期上漲 450% 的 MicroStrategy 股票。 MSTR 最近突破了之前的歷史新高。

MicroStrategy's stock closed the trading day at $384 per share with a $78 billion market cap.

MicroStrategy 的股票當日收在每股 384 美元，市值為 780 億美元。