MicroStrategy（现在称为战略）宣布，它预计将在2025年第一季度报告巨额损失

MicroStrategy（现称为战略）宣布，它希望在记录59.1亿美元未实现的比特币损失后，在2025年第一季度报告巨额损失。

MicroStrategy (NASDAQ:MSTR) is expected to report a massive first-quarter loss as the company booked $5.91 billion in unrealized Bitcoin losses, according to a recent SEC filing.

根据SEC最近的一份SEC文件，预计MicroStrategy（NASDAQ：MSTR）有望报告第一季度的损失，因为该公司预订了59.1亿美元未实现的比特币损失。

The Virginia-based software firm will take a hit to its quarterly results despite a $1.69 billion tax benefit.

尽管有16.9亿美元的税收优惠，但总部位于弗吉尼亚州的软件公司仍将对其季度业绩受到打击。

The company currently holds 528,185 Bitcoin, which it bought at an average price of $67,458 per coin. These coins are now valued at approximately $41.3 billion at the current Bitcoin price of about $77,351.

该公司目前持有528,185个比特币，其平均价格为每枚硬币67,458美元。这些硬币现在的价值约为413亿美元，目前的比特币价格约为77,351美元。

Bitcoin’s price has dropped to a five-month low amid renewed market unease over former President Donald Trump’s proposed tariffs, which are weighing heavily on risk assets.

比特币的价格已降至五个月的低点，因为与前总统唐纳德·特朗普（Donald Trump）的拟议关税更加不安，这些关税严重影响了风险资产。

This selloff has also affected tech stocks, with the Nasdaq down about 10% month-to-date and the S&P 500 losing over 7%.

这种抛售也影响了科技股，纳斯达克股票下降了约10％，标准普尔500股损失超过7％。

Earlier this year, MicroStrategy was aggressively buying Bitcoin. In Q1 alone, the company spent $7.7 billion on Bitcoin at an average price of $95,000 per coin.

今年早些时候，MicroStrategy积极购买比特币。仅在第一季度，该公司就以平均每枚硬币为95,000美元的比特币花费了77亿美元。

However, MicroStrategy has now paused its additional purchases in April following the sharp drop in Bitcoin prices.

但是，在比特币价格急剧下降之后，MicroStrategy现在在4月暂停了额外的购买。

According to an SEC filing on April 7, the company did not make any Bitcoin purchases during the week of March 31 to April 6.

根据4月7日的SEC文件，该公司在3月31日至4月6日期间没有进行任何比特币购买。

This pause came during a period of market volatility, with Bitcoin surging to as high as $87,000 on April 2 after starting the week around $82,000, only to fall below $80,000 on April 6.

这次停顿在市场波动期间发生，在开始一周左右的82,000美元左右后，比特币飙升至4月2日高达87,000美元，仅在4月6日低于80,000美元以下。

Shares of MicroStrategy slid 10.6% to $262 on Monday as investors reacted to the news of the unrealized losses.

由于投资者对未实现的损失的消息做出了反应，MicroStrategy Slid Slid 10.6％至262美元的股票。

According to cryptocurrency analytics firm Akrham, MicroStrategy is only 13% away from losing virtually all of its Bitcoin gains. At the current price, the company is still sitting on an unrealized profit of 14.62% (roughly $5 billion).

根据加密货币分析公司Akrham的说法，微观损失几乎所有的比特币收益只有13％。以目前的价格，该公司仍处于14.62％的未实现利润（约合50亿美元）。

The company’s co-founder and former CEO, Michael Saylor, has repeatedly ruled out selling even a small portion of the Bitcoin holdings. Saylor continues to promote Bitcoin on social media, recently writing, “Bitcoin is most volatile because it is most useful.”

该公司的联合创始人兼前首席执行官迈克尔·塞勒（Michael Saylor）一再排除出售比特币控股的一小部分。 Saylor继续在社交媒体上宣传比特币，最近写道：“比特币最有用，因为它最有用。”

MicroStrategy also noted that its software segment continues to operate without positive cash flow. This has forced the company to rely on debt and equity offerings to fund its operations and Bitcoin purchases.

MicroStrategy还指出，其软件细分市场继续运行，没有正面现金流。这迫使公司依靠债务和股权来资助其运营和比特币购买。

During the recent market volatility, the company did not sell any shares of class A common stock, which it typically uses for financing its Bitcoin buys.

在最近的市场波动中，该公司没有出售A类普通股的任何股票，该股票通常用于为其比特币购买。

In the same SEC filing, MicroStrategy acknowledged that future profitability remains uncertain due to volatility in digital asset values. The company’s business model has become increasingly tied to the performance of Bitcoin.

在同一SEC文件中，MicroStrategy承认，由于数字资产价值的波动性，未来的盈利能力仍然不确定。该公司的业务模式与比特币的性能越来越紧密。

The recent price decline has put MicroStrategy in a precarious position. If Bitcoin prices continue to fall below the company’s average purchase price of $67,458, it could face even larger unrealized losses in future quarters.

最近的价格下跌使微观易变的位置处于不稳定的位置。如果比特币价格继续低于公司的平均购买价格67,458美元，那么在将来的季度中可能会面临更大的未实现损失。

For now, investors are watching closely to see if MicroStrategy will resume its Bitcoin purchases at these lower prices or continue its current pause in acquisition activity.

目前，投资者正在密切关注，以查看MicroStrategy是否会以较低的价格恢复其比特币购买，或者继续其当前的收购活动中的停顿。

MicroStrategy’s total Bitcoin holdings of 528,185 make it the largest publicly listed corporate holder of the cryptocurrency in the world.

MicroStrategy的总比特币持有量为528,185，使其成为世界上最大的公开股份公司持有人。