MicroStrategy 購買更多比特幣，進入納斯達克 100 指數

(彭博社) -- MicroStrategy Inc. 將於週一進入納斯達克 100 指數，宣布以接近上週歷史高點的平均價格額外購買了 5.61 億美元的比特幣。

MicroStrategy Inc., set to join the Nasdaq 100 Index on Monday, said it purchased an additional $561 million of Bitcoin at an average price near last week’s record high.

MicroStrategy Inc. 將於週一加入納斯達克 100 指數，該公司表示，以接近上週歷史高點的平均價格額外購買了 5.61 億美元的比特幣。

The Tysons Corner, Virginia-based dot-com-era software maker turned leveraged Bitcoin proxy has now disclosed seven weeks in a row of purchases.

這家位於維吉尼亞州泰森斯角的網路時代軟體製造商轉型為槓桿比特幣代理，現已連續七週披露了購買情況。

MicroStrategy purchased 5,262 Bitcoin tokens at an average price of approximately $106,662 from Dec. 16 through Dec. 22, according to a filing with the US Securities and Exchange Commission on Monday. This is the fewest number of Bitcoin the company has bought in several weeks, as the price of the token reached a new high above $108,000 during the period of the purchases.

根據週一向美國證券交易委員會提交的文件顯示，12 月 16 日至 22 日期間，MicroStrategy 以約 106,662 美元的平均價格購買了 5,262 個比特幣代幣。這是該公司幾週來購買的比特幣數量最少的一次，因為購買期間代幣的價格達到了 108,000 美元以上的新高。

The Bitcoin treasury company aims to raise $42 billion of capital over the next three years through at-the-market stock sales and convertible debt offerings for the purpose of buying more Bitcoin. The company has already surpassed its capital goals for 2025 and co-founder and Chairman Michael Saylor told Bloomberg Television on Wednesday that MicroStrategy will revisit its plan and put in place a new plan once it’s completed.

這家比特幣財務公司的目標是在未來三年內透過市場股票銷售和可轉換債券發行籌集 420 億美元資金，以購買更多比特幣。該公司已經超額完成了 2025 年的資本目標，聯合創始人兼董事長 Michael Saylor 週三向彭博電視台表示，MicroStrategy 將重新審視其計劃，並在計劃完成後製定新計劃。

When MicroStrategy first announced its capital plan in October, some observers thought it may have been aggressive, but now it seems like the company will be able to keep raising more funds, according to TD Cowen analyst Lance Vitanza, who has a “buy” rating on the stock.

TD Cowen 分析師 Lance Vitanza 表示，當MicroStrategy 在10 月首次宣布其資本計劃時，一些觀察人士認為該計劃可能過於激進，但現在看來該公司將能夠繼續籌集更多資金，他的評級為“買入”在股票上。

“We haven’t even gotten to 2025 yet, and they’re two-thirds of the way through,” Vitanza said in an interview. “So I think for us it’s a surprise, but it’s less surprising this Monday than it was last Monday or the Monday before.”

「我們還沒有到 2025 年，而且已經完成了三分之二，」維坦扎在接受採訪時表示。 “所以我認為這對我們來說是一個驚喜，但與上週一或之前的周一相比，本週一的驚喜程度要低一些。”

Hedge funds have been driving some of the demand as they seek out MicroStrategy for convertible arbitrage strategies by buying the bonds and selling the shares short, essentially betting on the underlying stock’s volatility.

對沖基金一直在推動部分需求，因為它們透過買入債券並賣空股票來尋求 MicroStrategy 的可轉換套利策略，本質上是押注於標的股票的波動性。

MicroStrategy’s shares fell 11% last week, driven by a drop in Bitcoin prices. The original cryptocurrency’s price fell after the Federal Reserve’s rate decision and 2025 rate cut forecast, declining to as low as $92,149 on Friday after hitting an all-time high of $108,316 earlier in the week.

由於比特幣價格下跌，MicroStrategy 股價上週下跌 11%。在聯準會利率決定和 2025 年降息預測之後，原始加密貨幣的價格下跌，在本週稍早觸及 108,316 美元的歷史高點後，週五跌至 92,149 美元的低點。

MicroStrategy’s value remains reliant on its underlying Bitcoin holdings and their price. If Bitcoin were to have a prolonged downturn, it would present a risk for the company.

MicroStrategy 的價值仍依賴其持有的比特幣及其價格。如果比特幣長期低迷，就會為該公司帶來風險。

“This model only works if the asset, Bitcoin in this case, not only continues to appreciate, but continues to appreciate considerably faster than alternatives,” Vitanza said.

維坦扎表示：“只有當資產（本例中為比特幣）不僅繼續升值，而且升值速度繼續快於其他替代品時，這種模式才有效。”