MicroStrategy几乎是其比特币筹集目标的一半

自第三季度末以来，该公司以前被称为Microstrategy说，它以205亿美元的价格收购了218,887个比特币。

Strategy, formerly known as MicroStrategy, said it's almost halfway to its ambitious capital raising goal as it went on a buying spree throughout the postelection rally.

策略（以前称为MicroStrategy）表示，它几乎是其雄心勃勃的资本筹集目标的一半，因为它在整个选举后的集会中进行了狂欢。

The company said since the end of the third quarter it has acquired 218,887 bitcoins for $20.5 billion. Strategy currently holds 471,107 bitcoins on its balance sheet, about 2% of the total supply.

该公司表示，自第三季度末以来，它以205亿美元的价格收购了218,887个比特币。目前，策略在其资产负债表上持有471,107个比特币，约占总供应量的2％。

"We have completed $20 billion of our $42 billion capital plan, significantly ahead of our initial timelines, while leading the digital transformation of capital in the financial markets. Looking ahead to the rest of 2025, we are well-positioned to further enhance shareholder value by leveraging the strong support from institutional and retail investors for our strategic plan," said Phong Le, president and CEO of the company, said in its fourth-quarter financial release.

“我们已经完成了200亿美元的420亿美元资本计划，在我们的初始时间表之前，我们已经在领先于金融市场的数字化转型之前，在我们的初始时间表之前。该公司总裁兼首席执行官Phong Le在其第四季度的金融发布中说：“通过利用机构和零售投资者的大力支持。”

Shares of Strategy were little changed in extended trading. Earlier Wednesday, it unveiled its new name and logo, which it said was aimed at underscoring its focus on bitcoin.

在扩展交易中，战略份额几乎没有改变。周三早些时候，它推出了其新名称和徽标，并说该徽标旨在强调其对比特币的关注。

In its last financial update, Strategy revealed a plan to issue $42 billion in securities between 2025 and 2027. As cryptocurrencies rallied after the election, the firm piled aggressively into bitcoin on a weekly basis even as the coin hit record after record – making some investors wonder if the plan had been pulled forward.

在最后一次财务更新中，战略揭示了一项计划，计划在2025年至2027年之间发行420亿美元的证券。当大选后加密货币集会，该公司每周都在每周积极地堆入比特币，即使在记录后唱片记录 - 有些投资者 - 创造了一些投资者 - 想知道该计划是否已向前拉。

The company finished the year with an annual BTC yield of 74.3%. It has raised its annual target for BTC yield in each of the next three years to 15% from a range of 6% to 8%.

该公司的年度BTC收益率为74.3％。它已将未来三年中每年的BTC收益率的年目标从6％到8％的范围提高到15％。

BTC Yield is meant to measure the performance of the firm's bitcoin acquisition strategy; specifically, the percent change from one period to another in the amount of bitcoin it owns per Strategy share. Strategy introduced the metric in August, during its second-quarter earnings update.

BTC收益旨在衡量公司的比特币采集策略的绩效；具体而言，百分比从一个时期变为另一个时期，其每个策略份额拥有的比特币数量。策略于8月在其第二季度收益更新期间介绍了该指标。

The company reached a BTC yield of 2.9% in the fourth quarter, compared with 5.1% in the third quarter.

该公司在第四季度的BTC收益率为2.9％，而第三季度为5.1％。

Strategy also introduced some new metrics to gauge its future performance. The first, BTC Gain, is the number of bitcoins the company has at the beginning of a period multiplied by the BTC Yield for the period. The second, BTC $Gain, takes the BTC Gain metric and translates its value into dollars based on the market price of bitcoin as 4 p.m. ET on the last day of the quarter, using the Coinbase exchange.

策略还引入了一些新的指标来评估其未来的表现。首先是BTC收益，是该公司开始时公司拥有的比特币数量，乘以该期间的BTC收益率。第二个BTC $ GAIN将BTC增益度量计算，并根据比特币的市场价格在本季度的最后一天，使用Coinbase Exchange将其价值转换为美元。

Strategy said it achieved a BTC Gain of 140,538 in 2024, and is targeting a BTC $Gain of $10 billion for 2025.

策略表示，它在2024年获得了BTC的140,538，目标是2025年的BTC $ 100亿美元。

The company famously embarked on an aggressive bitcoin-buying strategy in 2020, and it now drives the company's valuation. In the past year, it's become more aggressive in its approach, raising billions of dollars through the sale of convertible bonds for the sole purpose of buying more bitcoin. Along the way, the bitcoin proxy's gained a fan base of retail investors, grown its market value and landed a place in the Nasdaq-100.

该公司在2020年开始采取积极的比特币制定策略，现在推动了公司的估值。在过去的一年中，它的方法变得更加积极，通过出售可转换债券筹集了数十亿美元，目的是购买更多比特币。一路上，比特币代理人获得了散户投资者的粉丝群，增长了其市场价值，并在纳斯达克100号占据了一席之地。

While most investors will focus on the company's bitcoin assets, it does report earnings for its legacy software business. Those operations posted a fourth-quarter loss of $670.8 million, or $3.03 per share, compared with earnings of $89.1 million, or 58 cents per share, a year ago.

尽管大多数投资者将专注于公司的比特币资产，但它确实为其旧软件业务报告了收益。这些业务的亏损为6.708亿美元，即每股3.03美元，而一年前的收入为8,910万美元，每股58美分。

Revenue slipped 3% to $120.7 million from $124.5 million a year ago. Sales of subscription services and product licenses units grew at the software business, offset by declines in product support and other revenue.

从一年前的1.245亿美元起，收入下跌了3％至1.207亿美元。订阅服务和产品许可单元的销售在软件业务上增长，被产品支持和其他收入的下降所抵消。