微软可能很快就会采用迈克尔·塞勒的比特币战略

继 Microstrategy 和特斯拉之后，微软可能很快就会采取迈克尔·塞勒 (Michael Saylor) 的比特币战略。

Bitcoin enthusiasts are eagerly awaiting the upcoming shareholders' meeting of tech behemoth Microsoft, which is set to take place in December.

比特币爱好者热切等待科技巨头微软将于 12 月召开的股东大会。

The meeting will see shareholders vote on a proposal to integrate Michael Saylor’s Bitcoin strategy into the company’s financial policy.

股东们将在这次会议上就一项将 Michael Saylor 的比特币战略纳入公司财务政策的提案进行投票。

If approved, Microsoft will follow in the footsteps of MicroStrategy and Tesla, which have already adopted a similar approach.

如果获得批准，微软将追随 MicroStrategy 和 Tesla 的脚步，这两家公司已经采取了类似的做法。

Those who are closely following the markets will recall that MicroStrategy became the first multinational company to adopt Bitcoin as its main cash asset in August 2020.

密切关注市场的人会记得，MicroStrategy 于 2020 年 8 月成为第一家采用比特币作为主要现金资产的跨国公司。

The goal of this move was to counter the ongoing devaluation of the dollar, which has effectively lost 20% of its purchasing power in the process.

此举的目的是应对美元持续贬值，在此过程中美元实际上损失了 20% 的购买力。

This strategy appears to be working wonders, as evidenced by the fact that MicroStrategy’s stock is appreciating at a rate that outpaces even that of the giant NVIDIA.

这一策略似乎创造了奇迹，MicroStrategy 股票的升值速度甚至超过了巨头 NVIDIA 就证明了这一点。

To put this into perspective, the former has gained 430% since January compared to “only” 190% for the latter.

从这个角度来看，前者自 1 月份以来已上涨 430%，而后者“仅”上涨 190%。

Moreover, MicroStrategy is capitalizing on the impressive performance of Bitcoin, which has soared by 120% in the same period.

此外，MicroStrategy 正在利用比特币的令人印象深刻的表现，比特币同期飙升了 120%。

This correlation can be further attributed to the presence of 331,200 bitcoins in its treasury.

这种相关性可以进一步归因于其金库中存在 331,200 枚比特币。

In essence, its stock has become a Bitcoin derivative. Obtained at an average price of $49,874 (~$16.5 billion), these BTC are now valued at more than $30 billion.

本质上，其股票已成为比特币衍生品。这些 BTC 的平均价格为 49,874 美元（约合 165 亿美元），目前价值超过 300 亿美元。

The gap (430% > 120%) can be explained by the fact that MicroStrategy is borrowing to buy bitcoins.

这一差距（430% > 120%）可以用 MicroStrategy 借钱购买比特币的事实来解释。

In other words, investing in MSTR shares is equivalent to buying BTC with leverage without risking liquidation by volatility.

换句话说，投资 MSTR 股票相当于用杠杆购买 BTC，而无需承担因波动而被清算的风险。

Other companies, such as Block and Tesla, are already following in MicroStrategy’s footsteps.

Block 和 Tesla 等其他公司已经追随 MicroStrategy 的脚步。

Semler Scientific, Solidion Technology, Thumzup Media, Genius Group, Cosmos Health, and BlockStream have recently adopted the same strategy as MicroStrategy.

Semler Scientific、Solidion Technology、Thumzup Media、Genius Group、Cosmos Health 和 BlockStream 最近也采用了与 MicroStrategy 相同的策略。

While these companies may be small in terms of capitalization, a heavyweight is expected to soon join the dance: Microsoft.

虽然这些公司的资本规模可能较小，但预计很快就会有一个重量级公司加入进来：微软。

Melting Ice Cube

融化的冰块

It is worth noting that Microsoft is not entirely new to the world of Bitcoin.

值得注意的是，微软对于比特币世界来说并不是全新的。

The tech giant has been accepting the cryptocurrency as a payment method on the Windows and Xbox Stores since 2014.

自 2014 年以来，这家科技巨头一直在 Windows 和 Xbox 商店上接受加密货币作为支付方式。

However, the Mountain View firm has yet to make Bitcoin a cash asset on its balance sheet, but MicroStrategy’s outrageous success could change the game.

然而，这家山景城公司尚未将比特币作为其资产负债表上的现金资产，但 MicroStrategy 的巨大成功可能会改变游戏规则。

As such, the Bitcoin strategy will be on the agenda of the shareholders’ meeting in December.

因此，比特币战略将被列入12月股东大会的议程。

An excerpt from the document published by Microsoft in preparation for the shareholders’ vote reads as follows:

微软为准备股东投票而发布的文件摘录如下：

"MicroStrategy – which, like Microsoft, is a technology company, but which, unlike Microsoft, holds bitcoins on its balance sheet – has seen its stock performance exceed that of Microsoft by 313% this year. And this despite the fact that it only represents a fraction of Microsoft’s activity. And they are not alone. The adoption of bitcoin by institutions and companies is becoming increasingly common. BlackRock, Microsoft’s second largest shareholder, offers its clients a Bitcoin ETF."

“MicroStrategy 与微软一样，都是一家科技公司，但与微软不同的是，它的资产负债表上持有比特币。今年它的股价表现比微软高出 313%。尽管事实上它只代表微软的第二大股东贝莱德（BlackRock）向其客户提供比特币 ETF 的情况并不孤单。”

Shareholders have until December 10 to make their voices heard.

股东必须在 12 月 10 日之前表达自己的意见。

Let’s bet that Michael Saylor‘s speech at the AGM will tip the scales.

我们打赌迈克尔·塞勒在年度股东大会上的演讲将扭转局面。

A positive vote could trigger an avalanche, considering that ten companies, including Apple, Google, and Microsoft, hold more than one-third of the $2.5 trillion held by the entire S&P 500 (U.S. stock market).

考虑到包括苹果、谷歌和微软在内的 10 家公司持有整个标准普尔 500 指数（美国股市）2.5 万亿美元资产的三分之一以上，投票赞成可能会引发雪崩。

To provide further context, Microsoft holds $78 billion in cash, Apple $156 billion, Google $93 billion, Amazon $88 billion, etc.

为了提供进一步的背景信息，微软持有 780 亿美元现金，苹果持有 1560 亿美元，谷歌持有 930 亿美元，亚马逊持有 880 亿美元等。

All of this money is being quickly eroded by inflation.

所有这些钱都被通货膨胀迅速侵蚀。

Bitcoin for Everyone

适合所有人的比特币

Governments are not to be outdone in this Bitcoin accumulation game.

在这场比特币积累游戏中，政府也不甘示弱。

Small countries like El Salvador and Bhutan have been buying up bitcoins for several years now.

萨尔瓦多和不丹等小国多年来一直在购买比特币。

Not to mention those who prefer to remain discreet, especially in the Middle East, according to Mike Novogratz:

迈克·诺沃格拉茨 (Mike Novogratz) 表示，更不用说那些喜欢保持谨慎的人了，尤其是在中东：

"Countries are already buying bitcoins. I have a good friend in the Middle East who has never told me that he has never seen this. […] Leaders around the world heard Donald Trump say in Nashville that he would be a “Bitcoin President.”

“各国已经在购买比特币。我在中东有一个好朋友，他从未告诉过我他从未见过这种情况。[……]世界各地的领导人听到唐纳德·特朗普在纳什维尔说他将成为“比特币总统”。 ”

How could the rest of the world remain idle if the U.S. government creates a strategic reserve of bitcoins?

如果美国政府建立比特币战略储备，世界其他国家怎么能闲着呢？

Even the Governor of the Bank of France has come to terms with the fact, that’s saying something…

就连法国央行行长也接受了这样的事实，这说明了一些事情……

If Senator Cynthia Lummis achieves her goals, the United States will acquire one million bitcoins.

如果参议员 Cynthia Lummis 实现她的目标，美国将获得 100 万个比特币。

In this scenario, the whole world will follow, including Europe. The Polish presidential candidate Sławomir Mentzen has well understood this:

在这种情况下，全世界都会效仿，包括欧洲。波兰总统候选人斯拉沃米尔·门岑 (Sławomir Mentzen) 对此深有体会：

"Poland should create a strategic reserve of bitcoins.

“波兰应该建立比特币战略储备。