随着比特币 (BTC) 飙升，先锋集团 (Vanguard) 和摩根士丹利 (Morgan Stanley) 等华尔街巨头纷纷买入 MicroStrategy (MSTR) 股票

商业情报公司 MicroStrategy 自从 2020 年 8 月成为比特币的主要企业持有者以来，一直被认为是某种比特币代理。

Business intelligence firm MicroStrategy (NASDAQ:MSTR) has been a bitcoin (CRYPTO:BTC) proxy stock ever since it became the leading corporate holder of bitcoin in August 2020. The company now holds 331,200 BTC, valued at approximately $29.7 billion, following a massive purchase of roughly $4.6 billion on Monday — its largest single-day set of transactions yet.

商业情报公司 MicroStrategy（纳斯达克股票代码：MSTR）自 2020 年 8 月成为比特币领先企业持有者以来，一直是比特币（CRYPTO：BTC）代理股票。该公司目前持有 331,200 比特币，价值约 297 亿美元，此前该公司已持有大量比特币。周一购买了约 46 亿美元——迄今为止最大的单日交易。

"MSTR's ability to generate compounding yield on its bitcoin holdings, enabled by leverage accrued through the repeated tapping of the U.S. capital markets, differentiates its stock from alternative means of gaining exposure to bitcoin such as spot bitcoin ETFs," wrote Mark Palmer, an analyst at Benchmark, in a Nov. 18 note to clients.

分析师马克·帕尔默（Mark Palmer）写道：“通过反复利用美国资本市场积累的杠杆，MSTR 能够通过其持有的比特币产生复利，这使其股票有别于其他获得比特币敞口的方式，例如现货比特币 ETF。” Benchmark 在 11 月 18 日给客户的一份报告中写道。

As retail traders continue piling into the stock, how does the institutional side view MicroStrategy's stock? 13Fs can be a way to get a glimpse into how the largest portfolios and some of the most influential money managers play the market. It turns out that Wall Street's traditional titans don't want to miss out on the ride either.

随着散户交易员继续涌入该股，机构方面如何看待 MicroStrategy 的股票？ 13F 可以让您了解最大的投资组合和一些最有影响力的基金经理如何参与市场。事实证明，华尔街的传统巨头也不想错过这次机会。

Throughout the past week, institutional investment managers with at least $100 million in equity assets under management filed 13F reports with the U.S. Securities and Exchange Commission. The filings, which are required within 45 days of the end of each quarter, provide a view of the manager's stock holdings. The following data represents holdings as of Sept. 30 and does not disclose any short positions.

过去一周，管理着至少 1 亿美元股权资产的机构投资经理向美国证券交易委员会提交了 13F 报告。这些文件需要在每个季度结束后 45 天内提交，以了解经理所持股票的情况。以下数据代表截至 9 月 30 日的持仓量，未披露任何空头头寸。

Institutions now own 738, up from 667, with a total reported value of $15.3 billion, according to 13f.info.

据 13f.info 称，机构目前拥有 738 家，高于 667 家，总价值达 153 亿美元。

Both Vanguard Group, the world's second-largest asset manager, and Capital International Investors purchased nearly 16 million MicroStrategy shares apiece in Q3 — roughly a 1,000% increase in both companies' MSTR holdings. (As it happens, at the time spot bitcoin ETFs were listed in the U.S., a Vanguard executive said the firm would not offer the assets because of skepticism over crypto's "enduring investment merit" as an asset class.)

全球第二大资产管理公司 Vanguard Group 和 Capital International Investors 在第三季度分别购买了近 1,600 万股 MicroStrategy 股票，两家公司的 MSTR 持股量大约增加了 1,000%。 （碰巧的是，当现货比特币 ETF 在美国上市时，先锋集团的一位高管表示，由于对加密货币作为资产类别的“持久投资价值”持怀疑态度，该公司不会提供这些资产。）

Investment banking giant Morgan Stanley didn't shy away either, buying 8 million shares — a 500% quarter-over-quarter jump. Goldman Sachs and Bank of America bought smaller sums (696,000 and 766,00 shares, respectively), but those buys follow huge purchases from the prior quarter. Meanwhile, State Street and Susquehanna bought 5.3 million of MSTR between them.

投资银行巨头摩根士丹利也不回避，购买了 800 万股——环比增长 500%。高盛和美国银行购买的金额较小（分别为 696,000 股和 766,000 股），但这些购买是在上一季度进行了大量购买之后进行的。与此同时，道富银行 (State Street) 和萨斯奎哈纳 (Susquehanna) 共同购买了 530 万股 MSTR。

It should be noted that these holdings are relatively paltry compared to these firms' larger holdings. Vanguard, for example, owns 800 million shares of Amazon (NASDAQ:AMZN).

应该指出的是，与这些公司的大量持股相比，这些持股相对微不足道。例如，Vanguard 拥有 8 亿股亚马逊（纳斯达克股票代码：AMZN）股票。

The price of bitcoin is up nearly 110% year-to-date, which significantly lags MicroStrategy shares that have amassed a 450% gain in the same time period. MSTR recently crossed its previous all-time high.

今年迄今为止，比特币价格上涨了近 110%，明显落后于同期上涨 450% 的 MicroStrategy 股票。 MSTR 最近突破了之前的历史新高。

MicroStrategy's stock closed the trading day at $384 per share with a $78 billion market cap.

MicroStrategy 的股票当日收于每股 384 美元，市值为 780 亿美元。