再次，迈克尔·塞勒（Michael Saylor）的比特币剧本正在展示其坚韧不拔

在这一点上，策略的比特币持有量已增长到令人难以置信的448.6亿美元，锁定了25.85％的利润，或者令人难以置信的92亿美元的收益。

Michael Saylor's Bitcoin playbook keeps rolling.

迈克尔·塞勒（Michael Saylor）的比特币剧本不断滚动。

At last glance, Strategy's Bitcoin holdings had risen to an astounding $44.86 billion, locking in a 25.85% profit, or a staggering $9.2 billion in gains. The strategy seems to be panning out despite some recent turbulence in the broader cryptocurrency market, as there is currently over 528,000 BTC under management and an average purchase price of $67,485.

最后，战略的比特币持有量已上涨至448.6亿美元，锁定了25.85％的利润，或达到92亿美元的增长额。尽管最近在更广泛的加密货币市场上有一些动荡，但该策略似乎仍在播出，因为目前管理的528,000多个BTC和平均购买价格为67,485美元。

The performance graph showcases Strategy's strategic timing in addition to its belief in Bitcoin. By making large purchases during the 2020, 2022 and late 2023 dips, the company was able to drastically reduce its average cost basis. Even with market volatility still high, recent 2025 purchases at prices ranging from $84,000 to over $97,000 demonstrate ongoing accumulation.

表演图除了信念比特币外，还展示了战略的战略时机。通过在2020年，2022年和2023年下半年进行大量购买，该公司能够大幅度降低其平均成本基础。即使市场波动仍然很高，最近的2025年购买价格从84,000美元到97,000美元不等，这表明持续的积累。

Based on a thorough analysis of recent transactions, the most recent purchase 22,048 BTC on March 31, 2025, at an average price of $86,969 is currently marginally undervalued, with an unrealized loss of $49.5 million. But other recent purchases have already made the switch to green. For instance, the purchase of 6,911 Bitcoin on March 24 at $84529 is up 0.38%, resulting in gains of more than $2.02 million.

基于对最近交易的彻底分析，最新购买的22,048 BTC于2025年3月31日，目前以86,969美元的平均价格被罚款，票价为86,969美元，未实现的损失为4950万美元。但是最近购买的其他购买已经改用了绿色。例如，3月24日以84529美元的价格购买6,911比特币，上涨了0.38％，导致增长超过202万美元。

There is a 3.07% return on a smaller purchase of 130 BTC made on March 17. The overall strategy seems to be very sound, even though a few individual entries have gone south, such as the purchase of 20,356 BTC on Feb. 24 at $97,514, down 13% and 22%. Drawdowns have been mitigated and the portfolio has been able to profit from Bitcoin's long-term upward trajectory thanks to the enormous position size and steady dollar-cost averaging.

3月17日购买130 BTC的130 BTC的收益率为3.07％。尽管有一些单独的条目已向南移交，但总体策略似乎很合理，例如2月24日购买20,356 BTC，价格为97,514美元，下降了13％，下跌了13％和22％。由于位置的巨大规模和稳定的美元成本平均，投资组合已经减轻了，投资组合能够从比特币的长期向上轨迹中获利。

After recent volatility, Bitcoin is now settling around the $84,000 mark. Long-term holders continue to find the asset appealing due to rising institutional interest, decreased supply following the halving and macroeconomic tailwinds like lowering inflation expectations.

在最近的波动率之后，比特币现在已经达到了84,000美元的左右。长期持有人由于机构利益的上升而继续发现资产吸引力，减少了减少和宏观经济的后风，例如降低通货膨胀的预期。

Strategy's performance highlights the success — and risk — of corporate crypto conviction as the company holds close to $45 billion in Bitcoin and keeps up its aggressive buying. The high-stakes wager made by Saylor might become one of the biggest institutional trades in cryptocurrency history if Bitcoin keeps rising.

策略的绩效强调了公司加密货币的成功（风险），因为该公司的比特币将接近450亿美元，并保持了积极的购买。如果比特币不断上升，Saylor发出的高风险赌注可能会成为加密货币历史上最大的机构交易之一。