MicroStrategy (MSTR) 宣布新的 42B 美元「21/21 計畫」以獲取更多比特幣

比特幣 (BTC) 資金公司 MicroStrategy 宣布了一項新的戰略目標，即在未來三年內籌集 420 億美元資金，以購買更多比特幣作為資金儲備資產。

MicroStrategy Announces Plan to Raise $42 Billion for Bitcoin Treasury Reserve over 3 Years

MicroStrategy 宣布計劃在 3 年內為比特幣國庫儲備籌集 420 億美元

Bitcoin (BTC) Treasury Company MicroStrategy has announced a new strategic goal to raise $42 billion of capital over the next three years to purchase more Bitcoin as a treasury reserve asset.

比特幣 (BTC) 資金公司 MicroStrategy 宣布了一項新的戰略目標，即在未來三年內籌集 420 億美元資金，以購買更多比特幣作為資金儲備資產。

In the company’s third-quarter report (Q3 2024), President and Chief Executive Officer of MicroStrategy Phong Le detailed this plan, stating that they aim to raise $21 billion from equity and $21 billion from fixed-income security. According to the report, this is termed as the “21/21 Plan.”

在公司第三季報告（2024 年第三季）中，MicroStrategy 總裁兼執行長Phong Le 詳細介紹了這項計劃，表示他們的目標是從股權融資210 億美元，從固定收益證券融資210 億美元。報道稱，這被稱為“21/21計劃”。

This decision underscores the company’s focus on increasing the value generated for shareholders through the leveraging of digital transformation of capital. Taking an analytical look at the report, CNF uncovered that MicroStrategy recorded a transformational quarter as it raised $2.1 billion in equity and debt. Additionally, its Bitcoin holding was increased by 11% through an outlined treasury strategy.

這項決定強調了公司​​致力於透過資本數位化轉型增加股東價值。透過對該報告的分析，CNF 發現 MicroStrategy 錄得一個變革性的季度，籌集了 21 億美元的股權和債務。此外，透過一項概述的財務策略，其比特幣持有量增加了 11%。

Explaining this further, the Chief Financial Officer at MicroStrategy, Andrew Kang, disclosed that the company reduced its total annualized debt expense by $24 million and recorded a 17.8% yield in its Bitcoin holding from year-to-date. Meanwhile, the latest plan to revise its long-term target to achieve an annual Bitcoin yield of 6% to 10% between 2025 and 2027 was highlighted.

MicroStrategy 財務長 Andrew Kang 進一步解釋了這一點，透露該公司將年化債務支出總額減少了 2,400 萬美元，今年迄今其持有的比特幣收益率為 17.8%。同時，最新計畫修改了其長期目標，以在 2025 年至 2027 年間實現 6% 至 10% 的比特幣年收益率。

BTC Yield is a key performance indicator (“KPI”) that the Company uses to help assess the performance of its strategy of acquiring bitcoin in a manner the Company believes is accretive to shareholders. See “Important Information about BTC Yield KPI” in this press release for the definition of BTC Yield and how it is calculated.

比特幣收益率是關鍵績效指標（「KPI」），公司用它來幫助評估其以公司認為對股東有利的方式獲取比特幣的策略的績效。有關 BTC 收益率的定義及其計算方式，請參閱本新聞稿中的「關於 BTC 收益率 KPI 的重要資訊」。

More Disclosure on MicroStrategy’s Bitcoin Activities

有關 MicroStrategy 比特幣活動的更多披露

For a quick rundown on its digital asset portfolio, MicroStrategy indicated in the quarterly report that its digital assets holding, as of September 30, 2024, comprised 252,220 Bitcoins ($6.851 billion). This is a substantial increase from the 214,278 BTC held in March and the 226,331 held in June as we earlier reported.

為了快速了解其數位資產組合，MicroStrategy 在季度報告中表示，截至 2024 年 9 月 30 日，其持有的數位資產包括 252,220 個比特幣（68.51 億美元）。這比我們先前報告的 3 月持有的 214,278 BTC 和 6 月持有的 226,331 BTC 大幅增加。

Interestingly, the market value of this amount held was $16.007 billion and the original cost basis was $9.904 billion. To put this into perspective, the average cost per Bitcoin in this context was $39,266 while the market price per unit was $63,463.

有趣的是，所持有的這筆資金的市值為160.07億美元，原始成本基礎為99.04億美元。從這個角度來看，在這種情況下，每個比特幣的平均成本為 39,266 美元，而每單位的市場價格為 63,463 美元。

In the report, MicroStrategy also highlighted that it sold 8,048,449 shares of its class A common stock for aggregate net proceeds of around $1.1 billion. As of the end of the third quarter, $891.3 million of its class A common stock was available for issuance and sale pursuant.

在報告中，MicroStrategy 也強調，它出售了 8,048,449 股 A 類普通股，總淨收益約為 11 億美元。截至第三季末，已有價值 8.913 億美元的 A 類普通股可供發行和銷售。

On top of this, a statement was issued on its Redemption of 2028 Senior Secured Note.

除此之外，也發布了關於贖回 2028 年優先擔保票據的聲明。

On September 26, 2024, the Company used proceeds from the 2028 Convertible Notes to redeem all $500 million aggregate principal amount of the Company’s 6.125% Senior Secured Notes due 2028 (the “2028 Secured Notes”) at a redemption price equal to 103.063% of the principal amount of the 2028 Secured Notes, plus accrued and unpaid interest to but excluding September 26, 2024.

2024 年9 月26 日，本公司利用2028 年可轉換票據所得款項贖回了本公司2028 年到期的6.125% 優先擔保票據（「2028 年擔保票據」）本金總額5 億美元，贖回價相當於2028 年可轉換票據的103.063%。

Amid the backdrop of this, Bitcoin’s current price action has been bullish as several analysts predict a possible surge to $100k. A few days ago, the asset broke multiple resistance levels to trail its all-time-high price of $73,750 by just about $175. Currently, Bitcoin trades at $72,178 after declining by 0.35% in the last 24 hours.

在此背景下，比特幣目前的價格走勢一直看漲，一些分析師預測比特幣可能會飆升至 10 萬美元。幾天前，該資產突破了多個阻力位，僅落後 73,750 美元的歷史高點約 175 美元。目前，比特幣交易價格為 72,178 美元，過去 24 小時下跌 0.35%。