策略，以前称为MicroStrategy，在3月24日至3月30日之间已收购了22,048个额外的比特币

策略（以前称为MicroStrategy）在3月24日至3月30日之间已收购了22,048个额外的比特币，使其总持股量达到528,185 BTC

MicroStrategy (NASDAQ:) has purchased an additional 22,048 Bitcoin (BTC) for a total of 528,185 BTC, according to a March 31 filing with the U.S. Securities and Exchange Commission.

根据3月31日向美国证券交易委员会提交的文件，MicroStrategy（NASDAQ :)额外购买了22,048比特币（BTC），总计为528,185 BTC。

The new purchase, executed between March 24 and 30, amounted to approximately $1.92 billion at an average price of $86,969 per Bitcoin, including fees and expenses.

3月24日至30日之间执行的新购买约为19.2亿美元，平均价格为每比特币86,969美元，包括费用和费用。

Bitcoin began an upward movement when MicroStrategy purchased the new Bitcoin, later rising 5.7% into the purple channel below. However, the price reversed on Friday, leading to a drop to $82k. MicroStrategy’s latest Bitcoin purchase is in the red by over $100 million as of press time.

当MicroStrategy购买了新的比特币时，比特币开始向上移动，后来将5.7％升至下面的紫色通道。但是，价格在周五倒转，导致跌至82,000美元。截至发稿时，MicroStrategy的最新比特币购买量超过1亿美元。

The purchase was financed through a combination of recent capital-raising activities. Per the Form 8-K, proceeds were drawn from three separate instruments: the company’s at-the-market common stock offering, its ATM preferred stock program (STRK), and a newly completed $711.2 million public offering of 10% Series A Perpetual Strife Preferred Stock (STRF).

购买是通过最近筹集资本筹集活动的结合而提供的。根据8-K表格，收益是从三种独立的工具中获取的：该公司在市场上的普通股，其ATM优先股计划（Strk）以及新完成的7.112亿美元的公共产品，共10％的A Seriper A Perpetual Strife Preftife首选股票（STRF）。

These mechanisms align with MicroStrategy’s ongoing multi-channel capital strategy, which has evolved to accommodate its aggressive Bitcoin accumulation goals.

这些机制与MicroStrategy正在进行的多渠道资本战略保持一致，该策略已进化以适应其积极的比特币积累目标。

The company’s Common ATM raised $1.20 billion during the reporting period, while the STRK ATM contributed $18.52 million. The STRF offering closed on March 25 at $85.00 per share, indicating strong investor appetite for equity instruments tied to the firm’s Bitcoin-focused treasury model.

该公司的普通ATM在报告期间筹集了100亿美元，而Strk ATM贡献了1,852万美元。 STRF发行于3月25日以每股85.00美元的价格关闭，表明投资者对与该公司以比特币为中心的财政部模型相关的股权工具的需求强烈。

Holdings Represent 2.55% of Bitcoin’s Circulating Supply

持有量代表比特币循环供应的2.55％

With 528,185 BTC now held, MicroStrategy commands roughly 2.55% of Bitcoin’s circulating supply, based on circulating supply estimates of approximately 20.7 million BTC. The firm’s cumulative investment amounts to $35.63 billion at an average purchase price of $67,458 per BTC.

由于现在举行了528,185 BTC，MicroStrategy命令基于大约2070万BTC的循环供应估算，约占比特币循环供应的2.55％。该公司的累计投资为356.3亿美元，平均购买价格为每BTC 67,458美元。

This positions MicroStrategy further ahead of other corporate entities in terms of BTC exposure, with a stash now approaching half of the 1.1 million BTC attributed to Satoshi Nakamoto. The milestone follows a series of consecutive monthly acquisitions in Q1 2025, ranging from a $243 million purchase in early January to a $1.99 billion outlay in February.

就BTC的暴露而言，这将微型造成的位置进一步领先于其他公司实体，现在藏匿在110万BTC中的一半归因于Nakamoto。这一里程碑是在2025年第一季度连续每月收购的一系列每月收购，从1月初的2.43亿美元购买到2月的19.9亿美元支出。

MicroStrategy’s capital-intensive approach is underpinned by an explicit long-term vision for Bitcoin as a treasury reserve asset. As part of its broader financing strategy, shareholders have authorized an expansion of the company’s Class A common stock from 330 million to 10.3 billion shares, facilitating ongoing access to equity markets.

MicroStrategy的资本密集型方法的基础是对比特币作为国库券资产的长期愿景。作为其更广泛的融资策略的一部分，股东已授权将公司A类普通股从3.3亿股扩展到103亿股，从而促进了持续进入股票市场的机会。

The firm also introduced its 21/21 Plan, aiming to raise $21 billion through equity and another $21 billion through fixed-income instruments over time to fuel future acquisitions.

该公司还推出了21/21的计划，旨在通过股权筹集210亿美元，并通过随着时间的推移通过固定收入工具筹集210亿美元，以促进未来的收购。

This expansionary framework allows the company to maintain purchasing velocity while managing debt exposure and investor dilution. It also reflects a shift from opportunistic to programmatic Bitcoin acquisition, integrating capital markets as part of an operational treasury strategy.

这个扩展框架使公司能够在管理债务敞口和投资者稀释的同时保持采购速度。这也反映了从机会主义到程序化比特币采集的转变，将资本市场作为运营国库策略的一部分整合。

Despite its assertive posture, MicroStrategy has acknowledged potential risks in its filings and investor communications. Exposure to Bitcoin’s volatility, shifting regulatory frameworks, and reliance on both equity and debt issuance present material uncertainties.

尽管有声明的姿势，MicroStrategy还是承认其归档和投资者通讯中的潜在风险。暴露于比特币的波动率，改变监管框架以及对股权和债务发行的依赖。

However, CEO Michael Saylor has continued to frame Bitcoin as a long-horizon asset, citing scenarios with bear-case targets of $3 million per coin and bull-case projections exceeding $49 million.

但是，首席执行官迈克尔·塞勒（Michael Saylor）继续将比特币视为长期资产，并以熊案目标为300万美元的熊市目标，而牛盘则超过4,900万美元。