TL; DR分解

戰略已經引入了兩項新的首選股票，即罷工和衝突，這是其最新資本籌集計劃的一部分。這些AI輔助金融工具支持該公司擴大比特幣（BTC）持有的更廣泛的努力。

Strategy has launched two new preferred stocks, Strike (STRK) and Strife (STRF), as part of its latest capital-raising initiative, both of which were aided by artificial intelligence (AI) to optimize their structuring and support the company’s broader effort to expand its Bitcoin (BTC) holdings.

戰略已經發起了兩項新的首選股票，Strik（Strk）和Crififer（Strf），這是其最新的資本籌集計劃的一部分，這兩者都得到了人工智能（AI）的幫助，以優化其結構化，並支持該公司擴大其比特幣（BTC）持有的更廣泛的努力。

The company’s latest move aligns with its ongoing strategy of balancing equity and debt in capital-raising activities, as well as innovating within capital markets.

該公司的最新舉動與在資本累積活動中平衡股權和債務的持續戰略以及在資本市場中的創新保持一致。

Both STRK and STRF offer attractive yields, with STRK carrying a 13% yield and STRF offering a 10% yield. The company also included perpetual dividends and call options in STRK, which are not commonly found in traditional preferred stock offerings.

Strk和Strf都具有吸引人的產量，Strk的產量為13％，Strf的產量為10％。該公司還包括Strk中的永久性股息和通話選項，這些股息在傳統的首選股票產品中並不常見。

To develop STRK, Strategy’s team used AI to generate initial financial models, which were later iterated upon and finalized with input from legal and financial professionals. This process helped the company efficiently structure the offering to attract capital and ensure optimal terms of investment.

為了開發Strk，Strategy的團隊使用AI來生成初始財務模型，後來通過法律和金融專業人員的意見進行了迭代並完成了最終確定的財務模型。該過程有助於公司有效地構建產品，以吸引資本並確保最佳的投資條款。

The company’s preferred stock typically includes perpetual terms, which allow for a flexible approach to capital commitments. In the case of STRK, the company chose to make the offering perpetual to avoid future refinancing and keep capital commitments locked in for a longer period.

公司的首選股票通常包括永久條款，這允許對資本承諾進行靈活的方法。就Strk而言，該公司選擇使產品永久供應，以避免將來再融資，並將資本承諾置於更長的時間內。

“We have no obligation to ever pay it back, and we have no intention of ever calling it,” Saylor said of the preferred stock offering.

塞勒談到優先股的產品時說：“我們沒有義務償還它，我們無意給它打電話。”

The company’s use of AI platforms enabled rapid simulation of different issuance terms and quickly identify the most efficient structure for the offering. According to Saylor, 80% to 95% of the groundwork for the offering was generated by AI, while the team focused on structuring decisions and making final adjustments.

該公司使用AI平台可以快速模擬不同的發行條款，并快速確定最有效的發行結構。根據塞勒（Saylor）的說法，AI產生了發行的基礎工作的80％至95％，而團隊則致力於構建決策並進行最終調整。

“We used AI to help us quickly and efficiently integrate the legal, financial, and economic terms of the preferred stock into a single instrument,” said Michael Saylor, chairman and CEO of Strategy.

“我們使用AI來幫助我們快速有效地將優先股的法律，財務和經濟條款整合到單個工具中，”戰略董事長兼首席執行官邁克爾·塞勒（Michael Saylor）說。

“We also used AI to help us simulate different issuance terms and quickly determine the optimal structure for the offering.”

“我們還使用AI來幫助我們模擬不同的發行條款，並迅速確定產品的最佳結構。”

Strike is part of a broader $84 billion plan to support bitcoin acquisitions, with half of the funds to come from equity instruments like STRK and the other half from debt. This structure is designed to minimize dilution of common stock while maximizing cash flow for digital asset purchases.

罷工是支持比特幣收購的840億美元計劃的一部分，其中一半的資金來自Strk等股權工具，而另一半則來自債務。該結構旨在最大程度地減少普通股的稀釋，同時最大程度地購買數字資產購買現金流量。

The company plans to issue common stock, preferred stock, convertible bonds, and warrants to raise $42 billion in total. The remaining $42 billion will come from perpetual debt instruments, such as mandatory convertible bonds and preferred bonds.

該公司計劃簽發普通股，優先股，可轉換債券和逮捕令，總共籌集420億美元。剩下的420億美元將來自永久債務工具，例如強制性可轉換債券和優先債券。

Strategy’s efforts to integrate digital tools into its capital management practices are part of a broader trend in the financial industry. As technology continues to evolve, we can expect to see even more innovative approaches to capital structuring and fundraising.

戰略將數字工具納入其資本管理實踐的努力是金融行業更廣泛趨勢的一部分。隨著技術的不斷發展，我們可以期望看到更具創新性的資本結構和籌款方法。

Strife (STRF) builds upon the company’s experience with Strike (STRK), introducing new dimensions to capital structuring with the help of artificial intelligence (AI).

Frife（Strf）建立在公司在罷工（Strk）方面的經驗，在人工智能（AI）的幫助下引入了資本結構的新維度。

Strife, the second AI-modeled preferred stock, offers a 10% yield and includes similar innovative financial mechanics to Strike, which carries a 13% yield and was launched earlier in the year.

第二次AI模型優先股的Frife提供了10％的收益率，其中包括類似的創​​新金融機制，可罷工，產量為13％，並於今年早些時候推出。

Both preferred stock types are designed to support the company’s broader effort to expand its bitcoin holdings, which now total 555,450 coins.

兩種優先股票類型都旨在支持該公司擴大比特幣持有量的更廣泛的努力，現在總共555,450枚硬幣。

To maintain capital flexibility across different market cycles, Strategy incorporated perpetual call options in both preferred stock offerings. These options allow the company to maintain capital flexibility while still offering competitive terms to investors.

為了維持不同市場週期的資本靈活性，戰略在兩種優先股票的產品中都融合了永久性的呼叫選項。這些選擇使公司可以保持資本靈活性，同時仍向投資者提供競爭性條款。

AI platforms were crucial in rapidly simulating different issuance terms and quickly identify the most efficient structure for both offerings.

AI平台對於快速模擬不同的發行條款至關重要，并快速確定兩種產品的最有效結構。

“We used AI to help us quickly and efficiently integrate the legal, financial, and economic terms of the preferred stock into a single instrument,” said Michael Saylor, chairman and CEO of Strategy.

“我們使用AI來幫助我們快速有效地將優先股的法律，財務和經濟條款整合到單個工具中，”戰略董事長兼首席執行官邁克爾·塞勒（Michael Saylor）說。

“We also used AI to help us simulate different issuance term

“我們還使用AI來幫助我們模擬不同的發行術語