MicroStrategy 的比特币赌博为 Michael Saylor 带来了巨大回报

Michael Saylor 在 2020 年投资比特币的大胆决定已被证明是高利润的，据报道，这位 MicroStrategy 联合创始人从预先计划的股票销售中赚取了 4 亿美元。尽管人们对 MicroStrategy 相对于比特币的溢价感到担忧，并且怀疑者持有空头头寸，但投资者情绪仍然乐观，该股的优异表现就证明了这一点。 Saylor 以比特币为中心的策略，包括出售股权和债务来购买比特币，一直是 MicroStrategy 投资策略的关键驱动力。

MicroStrategy's Bitcoin Gamble Pays Off for Michael Saylor

MicroStrategy 的比特币赌博为 Michael Saylor 带来回报

Michael Saylor, the co-founder and executive chairman of MicroStrategy Inc. (NASDAQ:MSTR), has reaped significant financial rewards from the company's bold embrace of Bitcoin in 2020. According to reports, Saylor has earned approximately $400 million from pre-planned daily sales of around 5,000 shares of MicroStrategy since January, driven by the stock's remarkable surge.

MicroStrategy Inc.（纳斯达克股票代码：MSTR）的联合创始人兼执行董事长 Michael Saylor 从该公司 2020 年大胆拥抱比特币中获得了丰厚的财务回报。据报道，Saylor 通过预先计划的日常收入获得了约 4 亿美元的收入自 1 月份以来，在 MicroStrategy 股价大幅上涨的推动下，该股已售出约 5,000 股。

The stock has doubled in value this year, reaching approximately $1,280, outperforming the gains of Bitcoin, the cryptocurrency that Saylor has championed. The strong performance of MicroStrategy's stock has seemingly quelled investor concerns about Saylor's selling activity, given his controlling stake in the company.

今年该股价值翻了一番，达到约 1,280 美元，跑赢了塞勒所推崇的加密货币比特币的涨幅。鉴于塞勒持有该公司的控股权，MicroStrategy 股票的强劲表现似乎平息了投资者对塞勒出售活动的担忧。

Despite questions about MicroStrategy's premium over Bitcoin, particularly after the introduction of U.S. exchange-traded funds (ETFs) for the cryptocurrency, investor sentiment remains positive. However, some skeptics, such as Kerrisdale Capital Management LLC, have taken short positions, arguing that the stock's price surge is outpacing that of Bitcoin.

尽管人们对 MicroStrategy 相对于比特币的溢价存在疑问，特别是在美国推出加密货币交易所交易基金 (ETF) 之后，但投资者情绪仍然乐观。然而，一些怀疑论者，例如 Kerrisdale Capital Management LLC，已经采取了空头头寸，认为该股的价格涨幅超过了比特币。

Attention is now turning to MicroStrategy's first-quarter results, which are expected to be released after regular trading hours on Monday. Analysts are forecasting flat revenue of around $122 million, with a projected net loss of 61 cents per share. MicroStrategy's Bitcoin holdings, currently valued at approximately $14 billion, have been a key factor driving its investment strategy.

现在注意力转向 MicroStrategy 第一季度业绩，预计将于周一常规交易时间后发布。分析师预计营收持平，约为 1.22 亿美元，预计每股净亏损 61 美分。 MicroStrategy 持有的比特币目前价值约 140 亿美元，是推动其投资策略的关键因素。

Investors are also closely monitoring MicroStrategy's adoption of an accounting rule to value Bitcoin at market prices, with a deadline set for 2025. Despite past impairment charges, MicroStrategy has continued to expand its Bitcoin holdings, having already spent over $1 billion on the cryptocurrency in the first quarter of 2024.

投资者还在密切关注 MicroStrategy 采用的会计规则，以市场价格对比特币进行估值，截止日期为 2025 年。尽管过去有减值指控，但 MicroStrategy 仍在继续扩大其比特币持有量，已经在该加密货币上花费了超过 10 亿美元。 2024 年第一季度。

"Saylor has a simple strategy for MSTR: sell equity/debt and buy BTC with proceeds," noted Jeff Dorman, chief investment officer at Arca, highlighting MicroStrategy's ongoing commitment to its Bitcoin-centric investment approach.

Arca 首席投资官 Jeff Dorman 表示：“Saylor 对 MSTR 有一个简单的策略：出售股权/债务并用收益购买 BTC。”他强调了 MicroStrategy 对其以比特币为中心的投资方法的持续承诺。

MicroStrategy's decision to embrace Bitcoin has generated both accolades and skepticism. Supporters believe that the cryptocurrency has strong potential for growth and will enhance MicroStrategy's long-term financial performance. Detractors argue that the stock's premium over Bitcoin is unsustainable and that the company is taking on excessive risk by concentrating its investments in a volatile asset.

MicroStrategy 拥抱比特币的决定引起了赞誉和怀疑。支持者认为，加密货币具有强大的增长潜力，并将增强 MicroStrategy 的长期财务业绩。批评者认为，该股相对于比特币的溢价是不可持续的，并且该公司将投资集中在波动性资产上，从而承担了过多的风险。

The first-quarter results will provide investors with further insights into MicroStrategy's financial position and the impact of its Bitcoin strategy. The market will be closely watching for any signs of impairment charges or changes in the company's investment approach.

第一季度业绩将使投资者进一步了解 MicroStrategy 的财务状况及其比特币战略的影响。市场将密切关注任何减值费用或公司投资方式变化的迹象。