MicroStrategy (MSTR) 宣布新的 42B 美元“21/21 计划”以获取更多比特币

比特币 (BTC) 资金公司 MicroStrategy 宣布了一项新的战略目标，即在未来三年内筹集 420 亿美元资金，以购买更多比特币作为资金储备资产。

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

MicroStrategy 宣布计划在 3 年内为比特币国库储备筹集 420 亿美元

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.

比特币 (BTC) 资金公司 MicroStrategy 宣布了一项新的战略目标，即在未来三年内筹集 420 亿美元资金，以购买更多比特币作为资金储备资产。

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.”

在公司第三季度报告（2024 年第三季度）中，MicroStrategy 总裁兼首席执行官 Phong Le 详细介绍了这一计划，表示他们的目标是从股权融资 210 亿美元，从固定收益证券融资 210 亿美元。报道称，这被称为“21/21计划”。

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.

这一决定强调了公司致力于通过资本数字化转型增加股东价值。通过对该报告的分析，CNF 发现 MicroStrategy 录得一个变革性的季度，筹集了 21 亿美元的股权和债务。此外，通过概述的财务策略，其比特币持有量增加了 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 首席财务官 Andrew Kang 进一步解释了这一点，透露该公司将年化债务支出总额减少了 2400 万美元，今年迄今其持有的比特币收益率为 17.8%。与此同时，最新计划修改了其长期目标，以在 2025 年至 2027 年间实现 6% 至 10% 的比特币年收益率。

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.

比特币收益率是一个关键绩效指标（“KPI”），公司用它来帮助评估其以公司认为对股东有利的方式获取比特币的策略的绩效。有关 BTC 收益率的定义及其计算方式，请参阅本新闻稿中的“关于 BTC 收益率 KPI 的重要信息”。

More Disclosure on MicroStrategy’s Bitcoin Activities

有关 MicroStrategy 比特币活动的更多披露

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.

为了快速了解其数字资产组合，MicroStrategy 在季度报告中表示，截至 2024 年 9 月 30 日，其持有的数字资产包括 252,220 个比特币（68.51 亿美元）。这比我们之前报道的 3 月份持有的 214,278 BTC 和 6 月份持有的 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，所持有的这笔资金的市值为160.07亿美元，原始成本基础为99.04亿美元。从这个角度来看，在这种情况下，每个比特币的平均成本为 39,266 美元，而每单位的市场价格为 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.

在报告中，MicroStrategy 还强调，它出售了 8,048,449 股 A 类普通股，总净收益约为 11 亿美元。截至第三季度末，已有价值 8.913 亿美元的 A 类普通股可供发行和销售。

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

除此之外，还发布了关于赎回 2028 年高级担保票据的声明。

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，公司利用 2028 年可转换票据所得款项赎回了公司 2028 年到期的 6.125% 优先担保票据（“2028 年担保票据”）本金总额 5 亿美元，赎回价相当于 2028 年可转换票据的 103.063%。 2028 年担保票据的本金，加上截至 2024 年 9 月 26 日但不包括的应计未付利息。

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，比特币当前的价格走势一直看涨，一些分析师预测比特币可能飙升至 10 万美元。几天前，该资产突破了多个阻力位，仅落后 73,750 美元的历史高点约 175 美元。目前，比特币交易价格为 72,178 美元，过去 24 小时下跌 0.35%。