策略（NASDAQ：MSTR）与比特币（BTC）串联下降

战略（NASDAQ：MSTR）（以前称为MicroStrategy）在最近的交易中一直在股市下降。

Strategy (NASDAQ:MSTR) – formerly known as MicroStrategy—has been coping with a period of stock market decline in recent trading.

战略（NASDAQ：MSTR）（以前称为MicroStrategy）一直在应对最近的股市下降。

Specifically, MSTR shares experienced a 5.57% drop on Friday, March 7, to their latest closing price of $287.18, and an equally sharp collapse of 5.46% in the extended session, leading to the Monday pre-market value of $271.50.

具体而言，MSTR股票在3月7日星期五下跌了5.57％，其最新收盘价为287.18美元，在延长会议中同样急剧倒闭，跌幅为5.46％，导致周一预售价值为271.50美元。

With Michael Saylor’s company facilitating investor exposure to Bitcoin (BTC) via vicarious ownership, it should come as no surprise that BTC’s own decline from $86,773 on Friday to $83,126 at press time has been one of the main reasons behind the stock price drop.

随着迈克尔·赛勒（Michael Saylor）的公司通过替代所有权促进投资者对比特币（BTC）的敞口，毫不奇怪的是，BTC自身从周五的86,773美元下降到新闻发布会时的83,126美元，这是股价下跌的主要原因之一。

How safe is Strategy from a Bitcoin unrealized loss

比特币未实现损失的策略有多安全

Still, despite Strategy making numerous headlines in recent months thanks to its buying of a vast quantity of Bitcoin near the cryptocurrency’s all-time high (ATH), shareholders do not yet have to fear that the company would face losses due to the coin’s price decline.

尽管如此，尽管战略在最近几个月中成为了许多头条新闻，这要归功于加密货币历史最高（ATH）附近购买大量比特币，但股东尚未担心该公司由于硬币的价格下跌而面临损失。

Indeed, Michael Saylor’s firm has, essentially, been dollar-cost-averaging (DCA) into its vast BTC treasury and, though there is some variance between sources, has significant room before taking an unrealized loss on its digital assets.

确实，迈克尔·赛勒（Michael Saylor）的公司本质上已经进入了其庞大的BTC财政部，尽管来源之间存在一些差异，但在其数字资产造成了不实现的损失之前，有很大的空间。

Strategy’s average Bitcoin purchase price is estimated as within the $62,473 – per BiTBO – and $66,357 – per Lookonchain.

策略的平均比特币购买价格估计在每位链的62,473美元以内，每位比特币（每位链）66,357美元。

Given that BTC is changing hands at $83,126 at press time, an unrealized loss remains relatively distant for Strategy despite the $9,585 weekly drop, hinting that a risk does exist.

鉴于BTC在发稿时以83,126美元的价格易手，尽管每周下降了9,585美元，但未实现的损失仍然相对遥远，这暗示确实存在风险。

Why Bitcoin price is falling

为什么比特币价格下跌

Bitcoin’s drop – a key driver behind MSTR’s stock price fall – can be linked to several external factors.

比特币的下降 - MSTR股价下跌的主要驱动力 - 可以与几个外部因素有关。

Cryptocurrencies have been relatively reactive to macroeconomic news. President Donald Trump’s escalating and ever-shifting trade war has, so far, generated multiple bloodbaths.

加密货币对宏观经济新闻相对反应。到目前为止，唐纳德·特朗普总统的升级和不断变化的贸易战已经引起了多种血液。

Furthermore, the selloff in the stock market appears to have reinforced the decline of digital assets.

此外，股票市场的抛售似乎加强了数字资产的下降。

Simultaneously, despite being anticipated to be a bullish catalyst, the issue of a strategic Bitcoin – or crypto more broadly – reserve has only deepened the downturn.

同时，尽管预计将是看涨的催化剂，但战略性比特币（或更广泛的加密货币）的问题仅加深了衰退。

After making promises that led the community to hope a reserve would be established in the first weeks of the administration, President Trump issued little more than additional vague promises.

在做出的诺言使社区希望在政府的头几周建立储备金之后，特朗普总统发表了更多的模糊承诺。

The latest of these has seemingly been particularly damaging as, despite the decisive wording, a lack of an actual buying mechanism means that the U.S. is no closer to stockpiling cryptocurrencies than when Trump was on the campaign trail.

其中最新的似乎特别有害，因为尽管有果断的措辞，但缺乏实际的购买机制意味着，与特朗普在竞选活动中相比，美国没有比库存加密货币更接近的。

Simultaneously, the matter of the reserve may have amplified MSTR stock’s drop. The firm’s equity has been susceptible to alternative ways for people to gain exposure to the cryptocurrency market and the approval of the spot BTC exchange-traded funds (ETFs) in January 2024 also triggered a selloff.

同时，储备金的问题可能会放大MSTR股票的下降。该公司的股权已容易受到人们对加密货币市场接触的替代方式，并在2024年1月获得BTC交易所交易所资金（ETF）的批准也引发了抛售。