MicroStrategy 购买更多比特币，进入纳斯达克 100 指数

(彭博社) -- MicroStrategy Inc. 将于周一进入纳斯达克 100 指数，宣布以接近上周历史高点的平均价格额外购买了 5.61 亿美元的比特币。

MicroStrategy Inc., set to join the Nasdaq 100 Index on Monday, said it purchased an additional $561 million of Bitcoin at an average price near last week’s record high.

MicroStrategy Inc. 将于周一加入纳斯达克 100 指数，该公司表示，它以接近上周历史高点的平均价格额外购买了 5.61 亿美元的比特币。

The Tysons Corner, Virginia-based dot-com-era software maker turned leveraged Bitcoin proxy has now disclosed seven weeks in a row of purchases.

这家位于弗吉尼亚州泰森斯角的互联网时代软件制造商转型为杠杆比特币代理，现已连续七周披露了购买情况。

MicroStrategy purchased 5,262 Bitcoin tokens at an average price of approximately $106,662 from Dec. 16 through Dec. 22, according to a filing with the US Securities and Exchange Commission on Monday. This is the fewest number of Bitcoin the company has bought in several weeks, as the price of the token reached a new high above $108,000 during the period of the purchases.

根据周一向美国证券交易委员会提交的文件显示，12 月 16 日至 22 日期间，MicroStrategy 以约 106,662 美元的平均价格购买了 5,262 个比特币代币。这是该公司几周来购买的比特币数量最少的一次，因为购买期间代币的价格达到了 108,000 美元以上的新高。

The Bitcoin treasury company aims to raise $42 billion of capital over the next three years through at-the-market stock sales and convertible debt offerings for the purpose of buying more Bitcoin. The company has already surpassed its capital goals for 2025 and co-founder and Chairman Michael Saylor told Bloomberg Television on Wednesday that MicroStrategy will revisit its plan and put in place a new plan once it’s completed.

这家比特币财务公司的目标是在未来三年内通过市场股票销售和可转换债券发行筹集 420 亿美元资金，以购买更多比特币。该公司已经超额完成了 2025 年的资本目标，联合创始人兼董事长 Michael Saylor 周三向彭博电视台表示，MicroStrategy 将重新审视其计划，并在计划完成后制定新计划。

When MicroStrategy first announced its capital plan in October, some observers thought it may have been aggressive, but now it seems like the company will be able to keep raising more funds, according to TD Cowen analyst Lance Vitanza, who has a “buy” rating on the stock.

TD Cowen 分析师兰斯·维坦扎 (Lance Vitanza) 表示，当 MicroStrategy 在 10 月份首次宣布其资本计划时，一些观察人士认为该计划可能过于激进，但现在看来该公司将能够继续筹集更多资金，他的评级为“买入”在股票上。

“We haven’t even gotten to 2025 yet, and they’re two-thirds of the way through,” Vitanza said in an interview. “So I think for us it’s a surprise, but it’s less surprising this Monday than it was last Monday or the Monday before.”

“我们还没有到 2025 年，而且已经完成了三分之二，”维坦扎在接受采访时表示。 “所以我认为这对我们来说是一个惊喜，但与上周一或之前的周一相比，本周一的惊喜程度要低一些。”

Hedge funds have been driving some of the demand as they seek out MicroStrategy for convertible arbitrage strategies by buying the bonds and selling the shares short, essentially betting on the underlying stock’s volatility.

对冲基金一直在推动部分需求，因为它们通过买入债券并卖空股票来寻求 MicroStrategy 的可转换套利策略，本质上是押注于标的股票的波动性。

MicroStrategy’s shares fell 11% last week, driven by a drop in Bitcoin prices. The original cryptocurrency’s price fell after the Federal Reserve’s rate decision and 2025 rate cut forecast, declining to as low as $92,149 on Friday after hitting an all-time high of $108,316 earlier in the week.

由于比特币价格下跌，MicroStrategy 股价上周下跌 11%。在美联储利率决定和 2025 年降息预测之后，原始加密货币的价格下跌，在本周早些时候触及 108,316 美元的历史高点后，周五跌至 92,149 美元的低位。

MicroStrategy’s value remains reliant on its underlying Bitcoin holdings and their price. If Bitcoin were to have a prolonged downturn, it would present a risk for the company.

MicroStrategy 的价值仍然依赖于其持有的比特币及其价格。如果比特币长期低迷，就会给该公司带来风险。

“This model only works if the asset, Bitcoin in this case, not only continues to appreciate, but continues to appreciate considerably faster than alternatives,” Vitanza said.

维坦扎表示：“只有当资产（本例中为比特币）不仅继续升值，而且升值速度继续快于其他替代品时，这种模式才有效。”