MicroStrategy (MSTR) 否认计划发行 100 亿股股票购买价值 3 万亿美元的比特币 (BTC)

商业智能公司 MicroStrategy (MSTR) 再次成为新闻焦点。这次，有猜测称，Michael Saylor 领导的公司计划发行 100 亿股 MSTR 股票，以额外购买价值 3 万亿美元的比特币 (BTC)。

Business intelligence firm MicroStrategy (NASDAQ:MSTR) has once again made headlines. This time, there are speculations that the Michael Saylor-led firm is planning to issue 10 billion MSTR shares to purchase an additional $3 trillion worth of Bitcoin (CRYPTO:BTC).

商业智能公司 MicroStrategy（纳斯达克股票代码：MSTR）再次成为头条新闻。这次，有猜测称，Michael Saylor 领导的公司计划发行 100 亿股 MSTR 股票，以额外购买价值 3 万亿美元的比特币（CRYPTO：BTC）。

However, Jeff Park, Head of Alpha Strategies at Bitwise Asset Management, has offered reasons not to believe the speculation in a post on X. Park’s tone suggests disbelief, given the unrealistic nature of such a move, and dismisses it outright.

然而，Bitwise 资产管理公司 Alpha 策略主管杰夫·帕克 (Jeff Park) 在一篇关于 X 的帖子中给出了不相信这一猜测的理由。考虑到这一举措的不切实际性质，帕克的语气表明了不相信，并彻底驳斥了这一说法。

Primarily, the figure is staggeringly huge. To Park, it sounds absurd for a company to invest $3 trillion into an asset. Interestingly, the total market capitalization of Bitcoin currently at the market price is less than $2 trillion. Hence, pulling such a move would be almost impossible, as MicroStrategy is worth about $85 billion.

首先，这个数字大得惊人。对于 Park 来说，一家公司投资 3 万亿美元到一项资产听起来很荒谬。有趣的是，目前按市场价格计算的比特币总市值还不到2万亿美元。因此，撤回这一举措几乎是不可能的，因为 MicroStrategy 的价值约为 850 亿美元。

$MSTR is not issuing 10 billion shares to buy $3 trillion worth of Bitcoin.

$MSTR 不会发行 100 亿股股票来购买价值 3 万亿美元的比特币。

I can’t believe I’m tweeting this on Christmas Eve.

我不敢相信我会在平安夜发推文。

Beyond the surface, Park also addressed critical issues among some potential investors holding back from MSTR due to the price fluctuations of BTC. He referenced a previous post explaining the fears around MSTR and its price performance relative to the crypto market.

除此之外，Park 还解决了一些潜在投资者因 BTC 价格波动而不愿参与 MSTR 的关键问题。他引用了之前的一篇文章，解释了人们对 MSTR 的担忧及其相对于加密货币市场的价格表现。

Bitcoin and MSTR’s valuation

比特币和 MSTR 的估值

Notably, Park clarified that MicroStrategy’s heavy investment in Bitcoin makes the value of the company’s shares intrinsically tied to BTC. He noted that if MSTR should dip to zero, Bitcoin’s value will be negatively affected.

值得注意的是，Park 澄清说，MicroStrategy 对比特币的大量投资使得该公司股票的价值与比特币有着内在的联系。他指出，如果 MSTR 跌至零，比特币的价值将受到负面影响。

However, he assured readers that even if Bitcoin plummets to a record low of $30,000, MSTR will still not crash to zero.

不过，他向读者保证，即使比特币跌至 30,000 美元的历史新低，MSTR 仍不会跌至零。

Park highlighted that MicroStrategy has multiple capital extension strategies and additional levers to win in the broader market. This aligns with a U.Today report, where Adam Back, Blockstream CEO, maintains that MicroStrategy’s shares are cheap, believing they are undervalued.

Park 强调，MicroStrategy 拥有多种资本扩展策略和额外杠杆来赢得更广泛的市场。这与 U.Today 的一份报告一致，其中 Blockstream 首席执行官 Adam Back 坚称 MicroStrategy 的股票很便宜，认为它们被低估了。

Furthermore, Park maintains that investors need to avoid being bearish with MSTR every time the price of Bitcoin drops. As of this writing, the BTC price was trading up by 3.95% at $97,548 in a surprising market rebound.

此外，Park 认为，每次比特币价格下跌时，投资者都需要避免看跌 MSTR。截至撰写本文时，BTC 价格上涨 3.95%，至 97,548 美元，出现令人惊讶的市场反弹。