MicroStrategy 计划从可转换优先票据筹集 $1.75B 以购买更多比特币

MicroStrategy 宣布打算大幅增加其比特币 (BTC) 持有量。据报道，本次购买计划将通过以零息可转换债券发行可转换优先票据筹集 17.5 亿美元。

MicroStrategy has announced plans to increase its Bitcoin (BTC) holdings significantly. The company reportedly intends to raise $1.75 billion for this purchase by offering its convertible senior notes at zero-coupon convertibles. Notably, the notes will be offered to individuals who are reasonably believed to qualify as institutional buyers as defined by “Rule 144A under the Securities Act and to certain non-U.S.”

MicroStrategy 宣布计划大幅增加其比特币 (BTC) 持有量。据报道，该公司打算通过以零息可转换债券发行可转换优先票据，为此次收购筹集 17.5 亿美元。值得注意的是，这些票据将发行给被合理认为有资格成为“证券法第 144A 条规则下的机构买家”和某些非美国机构买家的个人。

The offer and sale of the notes and the shares of MicroStrategy's class A common stock issuable upon conversion of the notes, if any, have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction, and the notes and any such shares may not be offered or sold in the United States absent registration or an applicable exemption from such registration requirements.

票据的发售和销售以及票据转换时可发行的 MicroStrategy A 类普通股股份（如有）尚未且不会根据《证券法》或任何其他司法管辖区的证券法进行登记，并且票据未经注册或未获得此类注册要求的适用豁免，任何此类股份不得在美国发售或出售。

A week prior, MicroStrategy announced the acquisition of 51,780 BTC, increasing its Bitcoin holdings to 331,200 BTC. It also purchased 27,200 Bitcoin at an average price of $74,463 per unit between October 31 and November 10. Following the recent market performance, its total holdings increased to $26 billion, surpassing the cash and liquid assets held by IBM, Nike, and Johnson & Johnson. As of November 17, MicroStrategy's unrealized profit stood at $13.4 billion, indicating a remarkable 112% increase.

一周前，MicroStrategy 宣布收购 51,780 BTC，将其比特币持有量增加至 331,200 BTC。它还在10月31日至11月10日期间以每单位74,463美元的平均价格购买了27,200枚比特币。根据近期的市场表现，其总持有量增至260亿美元，超过了IBM、耐克和强生公司持有的现金和流动资产。截至 11 月 17 日，MicroStrategy 的未实现利润为 134 亿美元，增幅高达 112%。

Our research also indicates that Nike's reported cash and securities were around $10.9 billion in August, while those of IBM and Johnson & Johnson stood at $13.7 billion and $20.29 billion, respectively. However, MicroStrategy still lags behind 14 companies, including Apple and Alphabet, in terms of corporate treasury assets.

我们的研究还表明，耐克 8 月份报告的现金和证券约为 109 亿美元，而 IBM 和强生公司的现金和证券分别为 137 亿美元和 202.9 亿美元。然而，在企业财务资产方面，MicroStrategy 仍落后于苹果和 Alphabet 等 14 家公司。

During the company's Q3 2024 earnings call, Executive Chairman Michael Saylor and CEO Phong Le revealed a strategic goal to raise $42 billion in capital over the next three years to acquire more Bitcoin. According to details reviewed by CNF, the amount would consist of $21 billion in equity and $21 billion in fixed-income securities, which they referred to as the “21/21 plan.”

在该公司 2024 年第三季度财报电话会议上，执行主席 Michael Saylor 和首席执行官 Phong Le 透露了一项战略目标，即在未来三年内筹集 420 亿美元资本以收购更多比特币。根据 CNF 审查的细节，该金额将包括 210 亿美元的股权和 210 亿美元的固定收益证券，他们将其称为“21/21 计划”。

Michael Saylor on Company's Consistent Bitcoin Acquisition PlanCommenting on the long-term Bitcoin acquisition plan, Saylor revealed that they are currently targeting an annual Bitcoin yield of 6-10%. This suggests that the company's vision extends beyond holding Bitcoin to creating a market for BTC-backed securities.

Michael Saylor 谈公司一致的比特币收购计划 Saylor 在评论长期比特币收购计划时透露，他们目前的目标是比特币年收益率为 6-10%。这表明该公司的愿景不仅限于持有比特币，还包括为比特币支持的证券创建市场。

“Bitcoin is the best use of proceeds, maybe in the history of the capital markets... We are going to buy and hold Bitcoin indefinitely, exclusively, securely. If you're waiting for us to hedge, to sell it, to get out on top, if you're looking for us to diversify, go elsewhere.”

“也许在资本市场的历史上，比特币是收益的最佳用途……我们将无限期、独家、安全地购买并持有比特币。如果你在等待我们进行对冲、出售、脱颖而出，如果你正在寻找我们实现多元化，那就去其他地方吧。”

At press time, Bitcoin was trading at $91.6k after surging by 1.4% in the last 24 hours.

截至发稿时，比特币交易价格为 9.16 万美元，在过去 24 小时内飙升 1.4%。

As reported on November 14, several analysts, including Lennix Lai, Global Chief Commercial Officer of crypto exchange OKX, and Josh Gilbert, Market Analyst at eToro, anticipate a bullish run beyond $100k by year-end.

据 11 月 14 日报道，包括加密货币交易所 OKX 全球首席商务官 Lennix Lai 和 eToro 市场分析师 Josh Gilbert 在内的多位分析师预计，到年底，比特币价格将突破 10 万美元。