微軟可能很快就會採用邁克爾·塞勒的比特幣戰略

繼 Microstrategy 和特斯拉之後，微軟可能很快就會採取 Michael Saylor 的比特幣策略。

Bitcoin enthusiasts are eagerly awaiting the upcoming shareholders' meeting of tech behemoth Microsoft, which is set to take place in December.

比特幣愛好者熱切等待科技巨頭微軟將於 12 月舉行的股東大會。

The meeting will see shareholders vote on a proposal to integrate Michael Saylor’s Bitcoin strategy into the company’s financial policy.

股東們將在這次會議上就一項將 Michael Saylor 的比特幣策略納入公司財務政策的提案進行投票。

If approved, Microsoft will follow in the footsteps of MicroStrategy and Tesla, which have already adopted a similar approach.

如果獲得批准，微軟將追隨 MicroStrategy 和 Tesla 的腳步，這兩家公司已經採取了類似的做法。

Those who are closely following the markets will recall that MicroStrategy became the first multinational company to adopt Bitcoin as its main cash asset in August 2020.

密切關注市場的人會記得，MicroStrategy 於 2020 年 8 月成為第一家採用比特幣作為主要現金資產的跨國公司。

The goal of this move was to counter the ongoing devaluation of the dollar, which has effectively lost 20% of its purchasing power in the process.

此舉的目的是應對美元持續貶值，在此過程中美元實際上損失了 20% 的購買力。

This strategy appears to be working wonders, as evidenced by the fact that MicroStrategy’s stock is appreciating at a rate that outpaces even that of the giant NVIDIA.

這項策略似乎創造了奇蹟，MicroStrategy 股票的升值速度甚至超過了巨頭 NVIDIA 就證明了這一點。

To put this into perspective, the former has gained 430% since January compared to “only” 190% for the latter.

從這個角度來看，前者自 1 月以來已上漲 430%，而後者「僅」上漲 190%。

Moreover, MicroStrategy is capitalizing on the impressive performance of Bitcoin, which has soared by 120% in the same period.

此外，MicroStrategy 正在利用比特幣的令人印象深刻的表現，比特幣同期飆升了 120%。

This correlation can be further attributed to the presence of 331,200 bitcoins in its treasury.

這種相關性可以進一步歸因於其金庫中存在 331,200 枚比特幣。

In essence, its stock has become a Bitcoin derivative. Obtained at an average price of $49,874 (~$16.5 billion), these BTC are now valued at more than $30 billion.

本質上，其股票已成為比特幣衍生性商品。這些 BTC 的平均價格為 49,874 美元（約 165 億美元），目前價值超過 300 億美元。

The gap (430% > 120%) can be explained by the fact that MicroStrategy is borrowing to buy bitcoins.

這一差距（430% > 120%）可以用 MicroStrategy 借錢購買比特幣的事實來解釋。

In other words, investing in MSTR shares is equivalent to buying BTC with leverage without risking liquidation by volatility.

換句話說，投資 MSTR 股票相當於用槓桿購買 BTC，而無需承擔因波動而被清算的風險。

Other companies, such as Block and Tesla, are already following in MicroStrategy’s footsteps.

Block 和 Tesla 等其他公司已經跟隨 MicroStrategy 的腳步。

Semler Scientific, Solidion Technology, Thumzup Media, Genius Group, Cosmos Health, and BlockStream have recently adopted the same strategy as MicroStrategy.

Semler Scientific、Solidion Technology、Thumzup Media、Genius Group、Cosmos Health 和 BlockStream 最近也採用了與 MicroStrategy 相同的策略。

While these companies may be small in terms of capitalization, a heavyweight is expected to soon join the dance: Microsoft.

雖然這些公司的資本規模可能較小，但預計很快就會有一個重量級公司加入：微軟。

Melting Ice Cube

融化的冰塊

It is worth noting that Microsoft is not entirely new to the world of Bitcoin.

值得注意的是，微軟對於比特幣世界來說並不是全新的。

The tech giant has been accepting the cryptocurrency as a payment method on the Windows and Xbox Stores since 2014.

自 2014 年以來，這家科技巨頭一直在 Windows 和 Xbox 商店上接受加密貨幣作為支付方式。

However, the Mountain View firm has yet to make Bitcoin a cash asset on its balance sheet, but MicroStrategy’s outrageous success could change the game.

然而，這家山景城公司尚未將比特幣作為其資產負債表上的現金資產，但 MicroStrategy 的巨大成功可能會改變遊戲規則。

As such, the Bitcoin strategy will be on the agenda of the shareholders’ meeting in December.

因此，比特幣策略將被列入12月股東大會的議程。

An excerpt from the document published by Microsoft in preparation for the shareholders’ vote reads as follows:

微軟為準備股東投票而發布的文件摘錄如下：

"MicroStrategy – which, like Microsoft, is a technology company, but which, unlike Microsoft, holds bitcoins on its balance sheet – has seen its stock performance exceed that of Microsoft by 313% this year. And this despite the fact that it only represents a fraction of Microsoft’s activity. And they are not alone. The adoption of bitcoin by institutions and companies is becoming increasingly common. BlackRock, Microsoft’s second largest shareholder, offers its clients a Bitcoin ETF."

「MicroStrategy 與微軟一樣，都是一家科技公司，但與微軟不同的是，它的資產負債表上持有比特幣。今年它的股價表現比微軟高出 313%。儘管事實上它只代表微軟的第二大股東貝萊德（BlackRock）向其客戶提供比特幣ETF 的情況並不孤單。

Shareholders have until December 10 to make their voices heard.

股東必須在 12 月 10 日之前表達自己的意見。

Let’s bet that Michael Saylor‘s speech at the AGM will tip the scales.

我們打賭邁克爾·塞勒在年度股東大會上的演講將扭轉局面。

A positive vote could trigger an avalanche, considering that ten companies, including Apple, Google, and Microsoft, hold more than one-third of the $2.5 trillion held by the entire S&P 500 (U.S. stock market).

考慮到包括蘋果、谷歌和微軟在內的 10 家公司持有整個標準普爾 500 指數（美國股市）2.5 兆美元資產的三分之一以上，投票贊成可能會引發雪崩。

To provide further context, Microsoft holds $78 billion in cash, Apple $156 billion, Google $93 billion, Amazon $88 billion, etc.

為了提供進一步的背景信息，微軟持有 780 億美元現金，蘋果持有 1560 億美元，谷歌持有 930 億美元，亞馬遜持有 880 億美元等。

All of this money is being quickly eroded by inflation.

所有這些錢都被通貨膨脹迅速侵蝕。

Bitcoin for Everyone

適合所有人的比特幣

Governments are not to be outdone in this Bitcoin accumulation game.

在這場比特幣累積遊戲中，政府也不甘示弱。

Small countries like El Salvador and Bhutan have been buying up bitcoins for several years now.

薩爾瓦多和不丹等小國多年來一直在購買比特幣。

Not to mention those who prefer to remain discreet, especially in the Middle East, according to Mike Novogratz:

麥克諾沃格拉茨 (Mike Novogratz) 表示，更不用說那些喜歡謹慎的人了，尤其是在中東：

"Countries are already buying bitcoins. I have a good friend in the Middle East who has never told me that he has never seen this. […] Leaders around the world heard Donald Trump say in Nashville that he would be a “Bitcoin President.”

「各國已經在購買比特幣。我在中東有一個好朋友，他從未告訴過我他從未見過這種情況。[……]世界各地的領導人聽到唐納德·特朗普在納什維爾說他將成為“比特幣總統”。

How could the rest of the world remain idle if the U.S. government creates a strategic reserve of bitcoins?

如果美國政府建立比特幣戰略儲備，世界其他國家怎麼閒著呢？

Even the Governor of the Bank of France has come to terms with the fact, that’s saying something…

就連法國央行行長也接受了這樣的事實，這說明了一些事情…

If Senator Cynthia Lummis achieves her goals, the United States will acquire one million bitcoins.

如果參議員 Cynthia Lummis 實現她的目標，美國將獲得 100 萬個比特幣。

In this scenario, the whole world will follow, including Europe. The Polish presidential candidate Sławomir Mentzen has well understood this:

在這種情況下，全世界都會效仿，包括歐洲。波蘭總統候選人斯拉沃米爾·門岑 (Sławomir Mentzen) 對此深有體會：

"Poland should create a strategic reserve of bitcoins.

「波蘭應該建立比特幣戰略儲備。