尽管比特币永久看涨，但 MicroStrategy 内部人士仍抛售股票

MicroStrategy 是一家拥有最大企业比特币持有量的商业智能公司，尽管仍看好 BTC 的未来，但内部人士却进行了一系列 MicroStrategy 股票抛售。

Business intelligence company MicroStrategy (NASDAQ:MSTR) is renowned for its bullish stance on Bitcoin (CRYPTO:BTC) and its massive corporate holdings in the cryptocurrency. However, recent insider sales of MicroStrategy stock have sparked contrasting narratives.

商业情报公司 MicroStrategy（纳斯达克股票代码：MSTR）以其对比特币（CRYPTO：BTC）的看涨立场及其大量持有加密货币的企业而闻名。然而，近期 MicroStrategy 股票的内幕抛售引发了截然不同的说法。

Despite remaining optimistic about BTC’s future, a series of insider MicroStrategy stock sales have occurred. At the same time, the company continues to add to its Bitcoin stash.

尽管对 BTC 的未来仍然持乐观态度，但内部人士仍发生了一系列 MicroStrategy 股票抛售。与此同时，该公司继续增加其比特币储备。

According to recent filings with the SEC, the following insider sales were made on Friday, 06 Nov, 2024 by top executives at MicroStrategy:

根据最近向 SEC 提交的文件，MicroStrategy 高管于 2024 年 11 月 6 日星期五进行了以下内幕交易：

Andrew Kang, the Senior Executive Vice President & Chief Financial Officer of MicroStrategy Inc., disposed of 5,700 shares of Class A Common Stock. The shares were sold at various prices ranging from $255.93 and $ 260.40, realizing a total of $ 1,470,000. Following this transaction, Kang retains 12,080 shares in the company.

MicroStrategy Inc. 高级执行副总裁兼首席财务官 Andrew Kang 出售了 5,700 股 A 类普通股。这些股票以255.93美元至260.40美元不等的不同价格出售，总价值为1,470,000美元。此次交易后，Kang 保留了该公司的 12,080 股股份。

On the same day, Jeanine Montgomery, the Senior Vice President and Chief Accounting Officer of the company, also sold 56,250 shares. The shares were sold at prices varying from $255.04 to $260.75, averaging at $14.48 million. After the sale, Montgomeryl retained 5,670 shares.

同日，该公司高级副总裁兼首席会计官Jeanine Montgomery也出售了56,250股股票。这些股票的出售价格从 255.04 美元到 260.75 美元不等，平均价格为 1,448 万美元。出售后，蒙哥马利保留了 5,670 股股票。

These insider sales are part of a larger trend at MicroStrategy. In the last 12 months, there have been 149 insider sales and no insider purchases.

这些内部销售是 MicroStrategy 更大趋势的一部分。过去 12 个月内，发生了 149 起内幕销售，没有内幕购买。

Bitcoin permabull and Executive Chairman of MicroStrategy, Michael Saylor, has also sold shares. On April 22, 2024, Saylor sold 719 shares of MicroStrategy. This is part of a broader trend, with Saylor having sold 350,000 shares of the company over the past year. Notably, Saylor has not purchased any new shares in the same period.

比特币永久牛市和 MicroStrategy 执行主席 Michael Saylor 也出售了股票。 2024 年 4 月 22 日，Saylor 出售了 719 股 MicroStrategy 股票。这是更广泛趋势的一部分，Saylor 在过去一年中出售了 350,000 股公司股票。值得注意的是，塞勒同期没有购买任何新股。

Despite these insider sales, MicroStrategy continues to expand its Bitcoin holdings. As of January 12, 2025, the company holds 450,000 BTC, valued at approximately $41 billion.

尽管有这些内幕交易，MicroStrategy 仍在继续扩大其比特币持有量。截至2025年1月12日，该公司持有45万枚比特币，价值约410亿美元。

MicroStrategy’s total investment in Bitcoin is around $28.2 billion, with an average purchase price of $62,691 per Bitcoin.

MicroStrategy 对比特币的总投资约为 282 亿美元，每个比特币的平均购买价格为 62,691 美元。

The company reported buying an additional 2,530 BTC for $243 million at an average price of $95,972 per Bitcoin. This follows its strategy of acquiring Bitcoin despite the impact of insider sales on its stock price.

该公司报告称，以 2.43 亿美元的价格额外购买了 2,530 个比特币，平均价格为每个比特币 95,972 美元。尽管内幕交易对其股价产生了影响，但这还是遵循了其收购比特币的策略。

While the company’s leadership continues to acquire Bitcoin, insiders are selling shares. These sales are part of compensation packages, but the timing raises questions about the executives’ views on the company’s future.

尽管该公司领导层继续收购比特币，但内部人士却在出售股票。这些出售是薪酬方案的一部分，但时机引发了人们对高管们对公司未来的看法的质疑。

MicroStrategy’s stock is currently valued at a premium compared to its Bitcoin holdings. The market value of the company’s Bitcoin holdings is approximately $41 billion, and the stock is currently priced at a premium relative to its BTC assets. With a market capitalization of $78 billion, this reflects a 1.89X premium to Bitcoin’s value.

与持有的比特币相比，MicroStrategy 的股票目前估值较高。该公司持有的比特币市值约为 410 亿美元，目前该股票的定价相对于其 BTC 资产溢价。市值为 780 亿美元，这反映了比特币价值的 1.89 倍溢价。

On January 14, Michael Saylor highlighted the success of MicroStrategy’s treasury operations in a post on his X account.

1 月 14 日，Michael Saylor 在其 X 帐户上发帖强调了 MicroStrategy 财务运营的成功。

As per the post, MicroStrategy’s treasury operations gained 1,440 BTC last week, representing a BTC yield of 0.32% based on its total holdings of 447,470 BTC. At a Bitcoin price of $96,000, this equates to $138.2 million in shareholder value creation.

根据该帖子，MicroStrategy 的资金业务上周增加了 1,440 BTC，基于其总持有量 447,470 BTC，BTC 收益率为 0.32%。以 96,000 美元的比特币价格计算，这相当于为股东创造了 1.382 亿美元的价值。

This premium has helped the company fund its Bitcoin purchases, but the sales by insiders suggest a more cautious approach on their part.

这种溢价帮助该公司为购买比特币提供了资金，但内部人士的销售表明他们采取了更加谨慎的态度。