软件制造商转型为加密货币投资者 MicroStrategy 将可转换债券发行规模扩大至 26 亿美元

自特朗普支持加密货币的政府上台以来，该公司由 Michael Saylor 领导，已购买了 50,000 多个比特币，使其持有量达到 331,000 个，价值 310 亿美元。

Software maker MicroStrategy has increased the size of its convertible bond offering to $2.6bn, boosting its post-election crypto buying spree.

软件制造商 MicroStrategy 已将其可转换债券发行规模增加至 26 亿美元，推动了其选举后的加密货币购买热潮。

The firm, led by Michael Saylor, has acquired over 50,000 bitcoins since Trump’s pro-crypto administration took office, propelling its holdings to 331,000 tokens worth $31 billion.

自特朗普支持加密货币的政府上台以来，该公司由 Michael Saylor 领导，已购买了 50,000 多个比特币，使其持有量达到 331,000 个，价值 310 亿美元。

With its shares soaring nearly 900% in a year, MicroStrategy cements itself as a crypto trailblazer amid a booming digital asset market.

随着其股价在一年内飙升近 900%，MicroStrategy 在蓬勃发展的数字资产市场中巩固了自己作为加密货币开拓者的地位。

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By Will Schmitt in New York

作者：威尔·施密特，纽约

___STEADY_PAYWALL___Software maker turned crypto investor increases size of convertible bond offering to $2.6bn

___STEADY_PAYWALL___软件制造商转型为加密货币投资者，将可转换债券发行规模扩大至 26 亿美元

Software provider turned bitcoin investor MicroStrategy has taken fundraising for its aggressive push into buying the cryptocurrency to more than $7bn since the US election, as the price hit a new record high.

软件提供商转型为比特币投资者 MicroStrategy 已筹集资金，自美国大选以来积极推动购买加密货币的规模超过 70 亿美元，价格创下新高。

The firm on Wednesday raised the size of a convertible bond offering from $1.75bn to $2.6bn, as it looks to exploit the euphoria in digital assets since Donald Trump’s victory in the US presidential election earlier this month.

该公司周三将可转换债券发行规模从 17.5 亿美元提高到 26 亿美元，因为该公司希望利用自唐纳德·特朗普本月早些时候在美国总统大选中获胜以来数字资产的狂热。

That comes on top of the $4.6bn it raised in a stock sale last week, which has also gone into buying more bitcoin.

除此之外，该公司上周还通过股票出售筹集了 46 亿美元，该资金也用于购买更多比特币。

MicroStrategy’s shares jumped 15 per cent on Wednesday to a record high, and are up nearly 900 per cent in the past year.

MicroStrategy 的股价周三上涨 15%，创下历史新高，在过去一年中上涨了近 900%。

MicroStrategy’s post-election buying spree underscores its commitment to buying as much bitcoin as it can since executive chair and founder Michael Saylor put the company on that path in August 2020. Last month the Californian group announced plans to raise $42bn from shares and debt sales in the coming years to plough into the cryptocurrency.

MicroStrategy 在选举后的疯狂收购凸显了自执行董事长兼创始人 Michael Saylor 在 2020 年 8 月让该公司走上这条道路以来，该公司致力于尽可能多地购买比特币的承诺。上个月，这家加州集团宣布计划通过股票和债券销售筹集 420 亿美元未来几年将进军加密货币领域。

“I think it reflects not only the market’s embrace of the company’s approach, but also the mood of the moment: that MicroStrategy has really the right strategy at the right time given the anticipated support of bitcoin and crypto by the Trump administration, particularly as it pertains to a more supportive regulatory environment,” said Mark Palmer, a senior equity analyst with the Benchmark Company.

“我认为这不仅反映了市场对该公司方法的接受，也反映了当前的情绪：考虑到特朗普政府对比特币和加密货币的预期支持，MicroStrategy 在正确的时间确实制定了正确的策略，特别是因为它Benchmark Company 高级股票分析师马克·帕尔默 (Mark Palmer) 表示：“这与更具支持性的监管环境有关。”

MicroStrategy’s buying has helped drive the price of bitcoin to a record this month. On Wednesday it hit nearly $95,000, having risen 33 per cent since the election of Trump and pro-crypto legislators in Congress.

MicroStrategy 的购买帮助本月比特币价格创下历史新高。周三，其价格触及近 95,000 美元，自特朗普和支持加密货币的国会议员当选以来已上涨 33%。

The firm has become the world’s largest corporate owner of the token and has bought more than 50,000 bitcoin since the election, taking its holdings to around 331,000 bitcoin — worth about $31bn.

该公司已成为全球最大的代币企业所有者，自大选以来已购买了超过 50,000 枚比特币，使其持有量达到约 331,000 枚比特币，价值约 310 亿美元。

Saylor is “probably the greatest hedge fund manager ever”, said Jad Comair, founder of crypto investment firm Melanion Capital.

加密货币投资公司 Melanion Capital 的创始人 Jad Comair 表示，塞勒“可能是有史以来最伟大的对冲基金经理”。

The industry has gleefully welcomed Trump’s victory this month, forecasting a coming “golden age” as the new president ushers in an era of looser regulation of crypto in the US.

本月，该行业欣喜地欢迎特朗普的胜利，并预测随着新总统将在美国迎来一个对加密货币监管更加宽松的时代，即将到来的“黄金时代”。

Under President Joe Biden, crypto-related companies have faced a barrage of civil and criminal lawsuits from US regulators. The Securities and Exchange Commission has secured billions in fines over the past decade, topped by the $4.5bn in penalties that Terraform Labs and its co-founder Do Kwon were ordered to pay in June.

在乔·拜登总统的领导下，加密货币相关公司面临着美国监管机构的一系列民事和刑事诉讼。过去 10 年，美国证券交易委员会 (Securities and Exchange Commission) 处以数十亿美元的罚款，其中，Terraform Labs 及其联合创始人 Do Kwon 在 6 月份被勒令支付 45 亿美元的罚款。

MicroStrategy is also tapping a bullish US equity market, which has hit fresh highs this year.

MicroStrategy 还利用看涨的美国股市，该市场今年创下了新高。

“Bitcoin is Manifest Destiny for the United States,” Saylor said in an X post last week, referring to the 19th-century slogan that encouraged American settlers to push into the country’s western lands.

“比特币是美国的天命”，塞勒上周在 X 帖子中表示，他指的是 19 世纪鼓励美国定居者进入该国西部土地的口号。

MicroStrategy managed to significantly increase the size of its bond offering, which is convertible to company stock at a 55 per cent premium to Tuesday afternoon’s average price, even though the five-year debt offers a coupon of zero per cent. That accomplishment demonstrates “the enormous potential market for MicroStrategy securities”, Palmer said.

MicroStrategy 成功大幅增加了债券发行规模，尽管五年期债券的票面利率为零，但债券发行价格较周二下午的平均价格溢价 55%，可转换为公司股票。 Palmer 表示，这一成就表明“MicroStrategy 证券拥有巨大的潜在市场”。

Mara Holdings, a cryptocurrency miner, has also turned to the equity market with a $850mn five-year convertible bond offering of its own this week. That offering, too, was several times subscribed and increased from $700mn.

加密货币矿商 Mara Holdings 本周也转向股票市场，发行了 8.5 亿美元的五年期可转换债券。此次发行也获得了多次认购，并从 7 亿美元增加到了。

Funds raised by crypto companies, including MicroStrategy

由 MicroStrategy 等加密货币公司筹集的资金