MicroStrategy 继续其最大的比特币购买热潮，现已拥有价值 $16.5B 的 331,200 BTC

这种无情的比特币购买背后的人是该公司的联合创始人兼董事长迈克尔·塞勒(Michael Saylor)。

MicroStrategy went on a massive Bitcoin shopping spree, spending $4.6 billion between November 11 and 17. The company now owns 51,780 Bitcoin, bringing its total stash to over $29 billion.

MicroStrategy 进行了大规模的比特币购买热潮，在 11 月 11 日至 17 日期间花费了 46 亿美元。该公司目前拥有 51,780 个比特币，使其总储备超过 290 亿美元。

The man behind this relentless Bitcoin buying is Michael Saylor, the company’s co-founder and chairman. Back in 2020, Saylor bet on Bitcoin as a hedge against inflation. Initially, the company used cash for its purchases, but Saylor upped the ante.

这种无情的比特币购买背后的人是该公司的联合创始人兼董事长迈克尔·塞勒(Michael Saylor)。早在 2020 年，塞勒就押注比特币作为对冲通胀的工具。最初，该公司使用现金进行采购，但塞勒提高了赌注。

Now, MicroStrategy sells stocks and issues convertible debt to bankroll its Bitcoin addiction. If you think $4.6 billion is crazy, Saylor says the company plans to raise $42 billion over the next three years. He’s not slowing down.

现在，MicroStrategy 出售股票并发行可转换债券来为其比特币瘾提供资金。如果你认为 46 亿美元太疯狂了，塞勒表示该公司计划在未来三年筹集 420 亿美元。他并没有放慢速度。

How the Bitcoin obsession affects MicroStrategy’s stock Naturally, MicroStrategy’s stock (MSTR) price moves like it’s tied to Bitcoin with an invisible leash. On November 18, MSTR shares opened at $370.01. The price bounced between $339.37 and $377.34 throughout the day.

对比特币的痴迷如何影响 MicroStrategy 的股票 自然地，MicroStrategy 的股票 (MSTR) 价格走势就像用无形的皮带与比特币联系在一起。 11 月 18 日，MSTR 股价开盘价为 370.01 美元。全天价格在 339.37 美元至 377.34 美元之间反弹。

The company’s market cap now sits at $74.94 billion, with 15.2 million shares traded that day. While that volume is slightly below its average of 16.9 million shares, it’s clear investors are keeping a close eye on every move the company makes.

该公司目前的市值为 749.4 亿美元，当天交易了 1520 万股。虽然这一交易量略低于 1690 万股的平均水平，但显然投资者正在密切关注该公司的一举一动。

If Bitcoin goes up, MSTR usually follows. If Bitcoin tanks, well, you can guess what happens to the stock. MicroStrategy now owns 331,200 Bitcoin. That’s worth a staggering $16.5 billion based on what the company spent to accumulate it.

如果比特币上涨，MSTR 通常也会随之上涨。如果比特币下跌，那么你可以猜测股票会发生什么。 MicroStrategy 目前拥有 331,200 枚比特币。根据该公司积累的资金，其价值高达 165 亿美元。

The average cost? About $49,874 per Bitcoin. Compare that to the $88,627 average price tag for this latest haul, and you see just how committed they are—even at sky-high prices.

平均成本？每个比特币约 49,874 美元。与这批最新货物的平均价格 88,627 美元相比，你会发现他们的承诺有多么坚定——即使价格很高。

Funding the spree: Shares, debt, and high stakes Let’s talk money. How does a company spend billions on Bitcoin without draining its coffers? MicroStrategy has turned to selling shares under a sales agreement and issuing convertible debt to fund its buying binges.

为这场狂欢提供资金：股票、债务和高风险 让我们来谈谈金钱吧。一家公司如何在不耗尽金库的情况下花费数十亿美元购买比特币？ MicroStrategy 已转向根据销售协议出售股票并发行可转换债券来为其疯狂的收购活动提供资金。

This approach allows the company to use investor money to keep its Bitcoin ambitions alive. But it’s also risky. The company’s entire future hinges on Bitcoin continuing to rise in value. If it doesn’t, they’re in trouble. Saylor doesn’t seem fazed though. He’s doubling down.

这种方法允许该公司利用投资者的资金来维持其比特币野心。但这也有风险。该公司的整个未来取决于比特币价值的持续上涨。如果没有，他们就有麻烦了。不过，塞勒似乎并不担心。他正在加倍努力。

Meanwhile, the stock’s technical setup is also worth noting. Analysts peg its support level at $271.18. If the price dips there, it might attract more buyers. On the flip side, resistance sits at $384.83. This is the point where traders could start selling, pushing the stock back down.

与此同时，该股的技术结构也值得注意。分析师将其支撑位定为 271.18 美元。如果那里的价格下跌，可能会吸引更多买家。另一方面，阻力位为 384.83 美元。这是交易者可以开始抛售的点，从而推动股价回落。

MicroStrategy’s financials, however, paint a less rosy picture. The company reports an earnings per share (EPS) of -$2.49. Its price-to-earnings ratio is a grim -148.41. But for now, the market seems willing to overlook these red flags.

然而，MicroStrategy 的财务状况却不容乐观。该公司公布的每股收益 (EPS) 为 - 2.49 美元。其市盈率为惨淡的-148.41。但就目前而言，市场似乎愿意忽视这些危险信号。

MicroStrategy’s Bitcoin gamble has allowed it to outshine some major players in the tech and crypto space. Tesla, for instance, is trading at $275.00 per share but grappling with production delays and rising competition in the electric vehicle (EV) market.

MicroStrategy 的比特币赌博使其超越了科技和加密领域的一些主要参与者。例如，特斯拉的股价为每股 275 美元，但正在努力应对生产延迟和电动汽车 (EV) 市场竞争加剧的问题。

Coinbase is another story. Trading at $75.00, the crypto exchange has faced regulatory headwinds and a decline in trading volumes. Even NVIDIA, a tech titan trading at $440.00, has faced setbacks due to market corrections. Other players like Block and Palantir are also lagging behind.

Coinbase 则是另一个故事。该加密货币交易所的交易价格为 75.00 美元，面临着监管阻力和交易量下降。即使是股价为 440.00 美元的科技巨头 NVIDIA，也因市场调整而遭遇挫折。 Block 和 Palantir 等其他玩家也落后了。