標題：邁克爾·塞勒（Michael Saylor）的策略是世界上最大的比特幣公司持有人，可能有一天成為公開交易的股票

由於比特幣（BTC）實現了未來的財務實力，策略將是“整個市場中排名第一的公開交易股權”

Strategy, the world’s largest corporate holder of Bitcoin, may one day become the top publicly traded equity in the entire market, according to a Strategy analyst.

一位戰略分析師稱，戰略是比特幣最大的公司持有人，有一天可能成為整個市場上最高的公開交易股權。

Strategy will be the “number one publicly traded equity in the entire market” because of its future financial strength enabled with Bitcoin (BTC), Strategy analyst Jeff Walton predicted in the new Financial Times documentary, Michael Saylor’s $40 billion Bitcoin bet.

策略將是“整個市場中排名第一的公開交易股權”，因為它具有比特幣（BTC）的未來財務實力，戰略分析師傑夫·沃爾頓（Jeff Walton）在《新金融時報》紀錄片《邁克爾·塞勒（Michael Saylor）》（Michael Saylor）的400億美元比特幣押注中預測。

The company currently holds about 568,840 Bitcoin, worth roughly $59 billion, and Walton said that advantage could push it past all other publicly listed firms in the future.

該公司目前持有約568,840個比特幣，價值約590億美元，沃爾頓表示，這一優勢可能會將其推向將來所有其他公開上市的公司。

“Strategy holds more of the best assets and the most pristine collateral on the entire planet than any other company, by multiples,” Walton said.

沃爾頓說：“戰略比其他任何公司都擁有更多的最佳資產和整個地球上最原始的抵押品，”沃爾頓說。

The analyst pointed to the firm’s ability to rapidly raise capital as another indicator of its strength. In November 2024, Strategy raised $12 billion in just 50 days.

分析師指出，該公司有能力迅速籌集資金作為其實力的另一個指標。 2024年11月，戰略在短短50天內籌集了120億美元。

“It’s incredibly hard to raise $100 million of capital, and they just raised $100 million of capital 120 times in 50 days, and they were able to buy Bitcoin with that capital. That’s insane,” Walton said.

沃爾頓說：“籌集1億美元的資本非常困難，他們在50天內籌集了120次120美元的資本，他們能夠用該資本購買比特幣。這太瘋狂了。”

In the documentary, Saylor also paints a bullish picture of the future due to Bitcoin adoption by Strategy, formerly MicroStrategy.

在紀錄片中，塞勒還描繪了未來的看漲圖片，這是由於戰略採用了比特幣，以前是微型策略。

Saylor says Strategy will become a $10 trillion company

塞勒說策略將成為一家耗資10萬億美元的公司

“I think that MicroStrategy is in a position where we can grow from a $100 billion enterprise to a $1 trillion enterprise to a $10 trillion enterprise,” Saylor said.

Saylor說：“我認為MicroStrategy處於我們可以從1000億美元的企業發展到1萬億美元的企業到100萬億美元的企業。”

He also predicted that Bitcoin would one day reach a price of $13 million per coin:

他還預測，比特幣有一天會達到每枚硬幣1300萬美元的價格：

Related: Coinbase considered Saylor-like Bitcoin strategy before opting out: Bloomberg

相關：共同考慮之前，Coinbase在選擇之前考慮了類似Saylor的比特幣策略：彭博社

Walton and Saylor’s predictions on Strategy potentially beating all publicly traded equities in the future come as the company ranks as the 151st largest company in the world, with a market capitalization of $117 billion, according to CompaniesMarketCap.

根據CompanyMarketCap的數據，沃爾頓和塞勒對戰略的預測可能會擊敗未來所有公開交易的股票，因為該公司排名全球第151大公司，市值為1,170億美元。

To become the largest, Strategy would need to surpass Microsoft, whose current market cap exceeds $3.3 trillion.

為了成為最大的，戰略將需要超過微軟，其目前的市值超過3.3萬億美元。

Bitcoin’s 90% drop scenario

比特幣的90％下降方案

Despite his bullish stance on the future of both Strategy and Bitcoin, Saylor has not ignored the possibility that BTC could suffer major losses.

儘管他對戰略和比特幣的未來都看上去了立場，但塞勒並沒有忽略BTC可能遭受重大損失的可能性。

Reiterating his previous claims, Saylor emphasized that Strategy’s capital structure is constructed so that it would still be stable even if Bitcoin falls 90% and “stays there for four or five years.”

Saylor重申了他以前的主張，強調了戰略的資本結構是建造的，因此即使比特幣下降了90％，並且“在那里呆了四到五年”仍然是穩定的。

“It wouldn’t be a good outcome for the equity holders. The people at the top of the capital structure would suffer because they’re levered, but everybody else in the capital structure would get paid out,” he said.

他說：“對於股權持有人來說，這不是一個好的結果。資本結構頂部的人民將因為槓桿率而受苦，但是資本結構中的其他所有人都會得到報酬。”