MicroStrategy的比特幣下注：持股，拋售問題和標準普爾500指數夢想

MicroStrategy在比特幣上加倍，引發了有關公司加密採用和潛在市場風險的辯論。拋售問題是合理的嗎？

MicroStrategy's Bitcoin Bet: Holdings, Sell-Off Concerns, and S&P 500 Dreams

MicroStrategy的比特幣下注：持股，拋售問題和標準普爾500指數夢想

MicroStrategy's aggressive Bitcoin accumulation continues, fueling speculation and debate within the crypto community. Is it a brilliant strategy or a ticking time bomb? Let's dive in.

MicroStrategy積極進取的比特幣積累繼續，加劇了加密社區內的猜測和辯論。這是一個出色的策略還是滴答時間炸彈？讓我們潛水。

The Ever-Growing Bitcoin Hoard

不斷增長的比特幣ho積

Michael Saylor's Strategy, previously known as MicroStrategy, recently announced the purchase of an additional 4,980 Bitcoin for a cool $531 million. This brings their total holdings to a staggering 597,325 BTC as of June 29, 2025, acquired at an average price of $70,982 per coin. This move puts to rest recent rumors of a sell-off.

邁克爾·塞勒（Michael Saylor）的策略（以前稱為MicroStrategy）最近宣布購買了額外的4,980比特幣，價格為5.31億美元。截至2025年6月29日，這使他們的總股份達到了驚人的597,325 BTC，平均價格為每幣70,982美元。此舉使最近關於拋售的謠言休息了。

Sell-Off Speculation: Smoke or Fire?

拋售的猜測：煙還是火？

Despite the bullish accumulation, recent Bitcoin transactions by MicroStrategy raised eyebrows. The transfer of 7,382 BTC (valued at around $796 million) to new wallets sparked speculation about a potential sell-off. While the company hasn't officially commented, the crypto community is buzzing. Adding fuel to the fire, reports surfaced that MicroStrategy's President and CEO, Phong Le, has been reducing his MSTR stock holdings.

儘管累積了看漲，但近最近的比特幣交易引起了眉毛。新錢包的7,382 BTC（價值約7.96億美元）轉移到新錢包中，引發了人們對潛在拋售的猜測。雖然該公司尚未正式發表評論，但加密社區卻在嗡嗡作響。報告說，大火增加了燃料，報導說Microstrategy的總裁兼首席執行官Phong Le一直在減少他的MSTR股票持有量。

The S&P 500 Dream

標普500夢想

MicroStrategy's Bitcoin strategy seems to be paying off. The company has a high chance of being included in the S&P 500, a milestone that could further legitimize corporate crypto adoption. Analyst Jeff Walton suggests the odds are good, provided Bitcoin doesn't tank by more than 10% before the end of June. If successful, Strategy would become the second crypto-linked company to enter the S&P 500 in 2025.

MicroStrategy的比特幣策略似乎正在獲得回報。該公司有很大的機會被納入標準普爾500指數，這是一個可以進一步使公司加密貨幣合法化的里程碑。分析師傑夫·沃爾頓（Jeff Walton）認為，賠率很好，前提是比特幣在6月底之前的儲量不超過10％。如果成功，策略將成為2025年進入標準普爾500標準普爾500標準普爾500指數的第二家公司。

A Bull Market Built on Debt?

牛市建立在債務上？

MicroStrategy's aggressive Bitcoin strategy is being replicated by other companies, raising concerns about systemic fragility. A report notes that 199 entities now collectively hold over 3 million BTC. While this may seem bullish, an extended downturn could force liquidations, triggering a

MicroStrategy的積極性比特幣戰略正在其他公司複製，這引起了人們對系統性脆弱性的擔憂。一份報告指出，現在有199個實體持有超過300萬BTC。雖然這似乎是看好的，但延長的低迷可能會迫使清算，觸發