MicroStrategy 计划将可转换票据发行的部分净收益用于购买更多比特币

该公司已经积累了大量比特币，目前是全球最大的 BTC 企业持有者，截至最新提交的文件，拥有约 214,400 枚比特币，价值约 140 亿美元。

MicroStrategy (Nasdaq: MSTR) announced Monday that it has raised $687.8 million in gross proceeds from the offering of senior secured notes.

MicroStrategy（纳斯达克股票代码：MSTR）周一宣布，已通过发行高级担保票据筹集了 6.878 亿美元的总收益。

The company plans to use a portion of the proceeds to acquire more Bitcoin for its treasury, adding to its already vast cryptocurrency stash.

该公司计划用部分收益为其金库购买更多比特币，增加其本已庞大的加密货币储备。

MicroStrategy is now the world’s largest corporate holder of BTC, with roughly 214,400 coins valued at approximately $14 billion as of the latest filings.

MicroStrategy 目前是全球最大的 BTC 企业持有者，截至最新提交的文件，拥有约 214,400 个比特币，价值约 140 亿美元。

The notes will carry a 2.25% annual interest rate and mature in June 2032, with MicroStrategy retaining the option to redeem them early under specific circumstances after June 2029.

该票据的年利率为 2.25%，将于 2032 年 6 月到期，MicroStrategy 保留在 2029 年 6 月后在特定情况下提前赎回的选择权。

The offering comes amid a broader crypto market rally, which has seen Bitcoin’s price soar to levels not seen since last year.

此次发行正值加密市场更广泛的反弹之际，比特币的价格飙升至去年以来的最高水平。

Data from DeFiLlama suggests the total raised could be as high as $101 billion since 2014, while The Block Research puts the figure closer to $95 billion starting from 2017.

DeFiLlama 的数据显示，自 2014 年以来筹集的资金总额可能高达 1010 亿美元，而 The Block Research 预计从 2017 年开始这一数字将接近 950 亿美元。

Venture capital and token sales have been crucial fuel for the crypto sector’s growth, but the billions invested haven’t always translated into success stories.

风险投资和代币销售一直是加密货币行业增长的关键动力，但数十亿美元的投资并不总能转化为成功的故事。

Traditional exits, like major acquisitions or public listings, have been scarce and, according to Pantera Capital’s Paul Veradittakit, have “taken longer than I think you normally expect from traditional VC.

传统的退出，如重大收购或公开上市，一直很少见，而且根据 Pantera Capital 的 Paul Veradttakit 的说法，“花费的时间比我认为传统风险投资通常预期的要长。

Coinbase’s (Nasdaq: COIN) 2021 direct listing stands as a rare exception.

Coinbase（纳斯达克股票代码：COIN）2021 年直接上市是一个罕见的例外。

Adding to investor scars are high-profile failures like FTX and BlockFi, which have led some big players like Tiger Global and Temasek to retreat from the space, with the latter writing down a hefty stake in FTX after its collapse, and saying last year it had no plans to invest in crypto exchanges.

FTX 和 BlockFi 等备受瞩目的失败让投资者雪上加霜，这导致 Tiger Global 和淡马锡等一些大公司退出该领域，后者在 FTX 倒闭后减记了 FTX 的大量股份，并表示去年没有计划投资加密货币交易所。

Looking at dealmaking, Coinbase Ventures leads the pack with the most investments since 2017, while the most recent quarter saw a rise in crypto venture funding to $2.5 billion, coinciding with a broader crypto market rally.

从交易角度来看，Coinbase Ventures 是 2017 年以来投资最多的公司，而最近一个季度的加密货币风险投资额增加至 25 亿美元，与更广泛的加密货币市场反弹同时发生。