MicroStrategy 坚定不移的比特币信念推动机构加密货币需求

商业智能公司 MicroStrategy 在 2024 年第一季度购买了价值 16.5 亿美元的比特币 (BTC)，使其投资组合增加了 25,250 个 BTC。该公司目前总共持有 214,400 BTC，约占流通中比特币总量的 1%。尽管收入下滑，MicroStrategy 仍然致力于其比特币投资策略，将其视为通胀对冲工具和潜在的长期增长动力。

MicroStrategy's Steadfast Commitment to Bitcoin Bolsters Crypto's Institutional Appeal

MicroStrategy 对比特币的坚定承诺增强了加密货币的机构吸引力

MicroStrategy's unwavering faith in Bitcoin has taken a bold turn, with the tech giant purchasing 25,250 BTC during the first quarter of 2024, totaling approximately $1.65 billion and raising its Bitcoin reserves to 214,400 BTC, equivalent to roughly 1% of the total Bitcoin supply.

MicroStrategy 对比特币坚定不移的信心发生了大胆转变，这家科技巨头在 2024 年第一季度购买了 25,250 BTC，总计约 16.5 亿美元，并将其比特币储备增加至 214,400 BTC，相当于比特币总供应量的约 1%。

This strategic investment highlights MicroStrategy's unwavering belief in Bitcoin's long-term potential and strengthens the company's position as a significant player in the cryptocurrency ecosystem.

这项战略投资凸显了 MicroStrategy 对比特币长期潜力的坚定信念，并巩固了该公司作为加密货币生态系统重要参与者的地位。

Financial Performance Reflects Bitcoin Holdings Impact

财务业绩反映了比特币持有量的影响

MicroStrategy's first-quarter earnings report paints a mixed financial picture. Revenue declined by 5.5% year-over-year to $115.2 million, with a steeper 5.7% decline when adjusted for constant currency. Despite the overall decline, subscription services revenue rose by 22%, signaling the growing adoption of MicroStrategy's cloud-native software solutions.

MicroStrategy 第一季度收益报告描绘了一幅喜忧参半的财务状况。收入同比下降 5.5%，至 1.152 亿美元，按固定汇率调整后，降幅更高达 5.7%。尽管总体下降，但订阅服务收入增长了 22%，这表明 MicroStrategy 的云原生软件解决方案的采用率不断上升。

The company posted a net loss of $53.1 million for the quarter, a significant contrast to the net income of $461.2 million reported in the same quarter last year. The loss was primarily driven by a $191.6 million impairment loss on Bitcoin holdings.

该公司公布本季度净亏损 5310 万美元，与去年同期净利润 4.612 亿美元形成鲜明对比。这一损失主要是由于比特币持有量的 1.916 亿美元减值损失造成的。

MicroStrategy's operating expenses also soared by 152.8% to $288.9 million, weighed down by digital asset impairments. Gross profit for the quarter stood at $85.2 million, with a gross margin of 74.0%, down from 77.1% a year ago.

受数字资产减值拖累，MicroStrategy 的运营支出也飙升 152.8% 至 2.889 亿美元。该季度毛利润为 8520 万美元，毛利率为 74.0%，低于去年同期的 77.1%。

Operational Optimism and Cloud Integration

运营乐观和云集成

Despite the financial pressures, MicroStrategy remains optimistic about its operational strategy and the integration of its software platforms into cloud services. The recent approval of spot Bitcoin exchange-traded products (ETFs) has further boosted this outlook, suggesting a potential surge in institutional demand for cryptocurrencies.

尽管面临财务压力，MicroStrategy 仍然对其运营战略以及软件平台与云服务的集成持乐观态度。最近现货比特币交易所交易产品（ETF）的批准进一步提振了这一前景，表明机构对加密货币的需求可能会激增。

14th Consecutive Quarter of Bitcoin Purchases

比特币购买量连续第 14 个季度增长

Andrew Kang, MicroStrategy CFO, emphasized the company's continued commitment to Bitcoin, with the latest purchases marking the 14th consecutive quarter of Bitcoin additions to its balance sheet.

MicroStrategy 首席财务官 Andrew Kang 强调了该公司对比特币的持续承诺，最新的购买标志着其资产负债表中连续第 14 个季度增加比特币。

Kang attributed Bitcoin's price appreciation in the first quarter of 2024 to the approval of spot Bitcoin ETFs, increased institutional interest, and improved regulatory clarity. Bitcoin reached all-time highs on several occasions this year, most notably touching $73,686.93 on March 14.

Kang 将 2024 年第一季度比特币价格上涨归因于现货比特币 ETF 的批准、机构兴趣的增加以及监管透明度的提高。比特币今年多次创下历史新高，最引人注目的是 3 月 14 日触及 73,686.93 美元。

Convertible Debt Offerings Fund Bitcoin Acquisitions

可转换债券发行为比特币收购提供资金

Kang confirmed that MicroStrategy raised $1.5 billion through two convertible debt offerings in the first quarter. Earlier announcements indicated that the company allocated a portion of these funds to Bitcoin purchases.

Kang 证实，MicroStrategy 在第一季度通过两次可转换债券发行筹集了 15 亿美元。早些时候的公告表明，该公司将部分资金用于购买比特币。

MSTR Stock as an Alternative Investment

MSTR 股票作为另类投资

MicroStrategy's executive chairman and co-founder Michael Saylor has consistently promoted the company's Bitcoin acquisition initiative as an investment opportunity. He has advocated for MSTR stock as an alternative to spot Bitcoin ETFs and direct Bitcoin investment.

MicroStrategy 执行主席兼联合创始人 Michael Saylor 一直将公司的比特币收购计划视为投资机会。他主张将 MSTR 股票作为现货比特币 ETF 和直接比特币投资的替代方案。

Saylor has backed his claims with long-term data, reporting that MSTR has experienced a staggering 937% price growth since adopting its Bitcoin strategy on August 10, 2020. In comparison, Bitcoin has grown by 435% over the same period, while the S&P 500 has appreciated by only 52%.

Saylor 用长期数据支持了他的说法，报告称，自 2020 年 8 月 10 日采用比特币策略以来，MSTR 的价格增长了惊人的 937%。相比之下，比特币同期增长了 435%，而标准普尔指数500仅升值52%。

MicroStrategy's Role in Institutional Adoption

MicroStrategy 在机构采用中的作用

MicroStrategy's persistent Bitcoin purchases and its vocal support for the cryptocurrency have played a significant role in boosting institutional adoption. The company's actions have helped legitimize Bitcoin as a viable investment asset and have encouraged other corporations to explore similar strategies.

MicroStrategy 持续购买比特币以及对加密货币的大力支持在促进机构采用方面发挥了重要作用。该公司的行动帮助比特币成为一种可行的投资资产，并鼓励其他公司探索类似的策略。

MicroStrategy's unwavering commitment to Bitcoin underscores the growing institutional interest in cryptocurrencies. The company's actions and financial performance provide valuable insights into the potential for institutional adoption and the role of Bitcoin in the global financial landscape.

MicroStrategy 对比特币的坚定承诺凸显了机构对加密货币日益增长的兴趣。该公司的行动和财务业绩为机构采用的潜力以及比特币在全球金融格局中的作用提供了宝贵的见解。