MicroStrategy 通过可转换票据融资 8.75 亿美元，计划进一步购买比特币

此次发行预计将于 2024 年 9 月 19 日完成，是该公司赎回 5 亿美元未偿高级担保票据并将剩余资金用于购买更多比特币战略的一部分。

Business intelligence firm MicroStrategy (NASDAQ:MSTR) announced the pricing of its offering of $875 million in convertible senior notes, due in 2028.

商业情报公司 MicroStrategy（纳斯达克股票代码：MSTR）宣布其 8.75 亿美元可转换优先票据发行的定价，该票据将于 2028 年到期。

This offering, expected to close by Sep. 19, 2024, is part of the company's strategy to redeem $500 million in outstanding senior secured notes and to allocate the remaining funds towards purchasing additional Bitcoin.

此次发行预计将于 2024 年 9 月 19 日完成，是该公司赎回 5 亿美元未偿高级担保票据并将剩余资金用于购买更多比特币战略的一部分。

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这款突破性的交易应用程序为股票提供“立即购买，稍后付款”选项。随着该公司转向以最低 500 美元的投资提供股权，以下是如何进入这家将成为 6,440 亿美元市场核心业务的底层的方法。

According to a press release, the net proceeds from the offering are estimated at $864.1 million, with a potential increase to $997.4 million if an additional purchase option is exercised by the initial buyers.

据新闻稿称，此次发行的净收益估计为 8.641 亿美元，如果初始买家行使额外购买选择权，净收益可能增加至 9.974 亿美元。

The notes, which carry a 0.625% interest rate, will be convertible into cash, shares of MicroStrategy's Class A common stock, or a combination of both, providing flexibility to noteholders.

这些票据的利率为 0.625%，可转换为现金、MicroStrategy A 类普通股或两者的组合，为票据持有人提供了灵活性。

Led by Executive Chairman Michael Saylor, MicroStrategy began acquiring Bitcoin in 2020, positioning it as a reserve asset within the company's treasury.

在执行主席 Michael Saylor 的领导下，MicroStrategy 于 2020 年开始收购比特币，将其定位为公司财务中的储备资产。

Trending: Groundbreaking trading app with a ‘Buy-Now-Pay-Later' feature for stocks tackles the $644 billion margin lending market – here’s how to get equity in it with just $500

热门话题：具有“先买后付”股票功能的突破性交易应用程序可应对 6440 亿美元的保证金贷款市场 - 以下是如何仅用 500 美元即可获得股权的方法

Since then, the firm has grown into the largest corporate holder of Bitcoin, amassing 244,800 BTC, valued at around $14.2 billion at current prices.

此后，该公司已成长为最大的比特币企业持有者，持有 244,800 枚比特币，按当前价格计算，价值约为 142 亿美元。

Recently, the company disclosed a new Bitcoin purchase worth $1.1 billion, leaving $900 million still available from a prior funding round.

最近，该公司披露了一项价值 11 亿美元的新比特币购买计划，距上一轮融资仍有 9 亿美元可用。

The redemption of the $500 million senior secured notes, scheduled for Sep. 26, is contingent on the success of this new convertible notes offering.

定于 9 月 26 日赎回 5 亿美元的高级担保票据，取决于此次新可转换票据发行的成功。

The redemption will release approximately 69,080 BTC that were used as collateral, providing further flexibility to the company's balance sheet.

此次赎回将释放约 69,080 BTC 作为抵押品，为公司的资产负债表提供进一步的灵活性。

These trends will be discussed at Benzinga's Future of Digital Assets event on Nov. 19, where the role of Bitcoin in institutional portfolios and broader adoption of digital assets will be key points of focus.

这些趋势将在 11 月 19 日的 Benzinga 数字资产未来活动上进行讨论，比特币在机构投资组合中的作用和数字资产的更广泛采用将成为焦点。

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下一步是什么：

With returns as high as 300%, it’s no wonder this asset is the investment choice of many billionaires. Uncover the secret.

回报率高达300%，难怪这项资产成为许多亿万富翁的投资选择。揭开秘密。

During market downturns, investors are learning that unlike equities, these high-yield real estate notes that pay 7.5% – 9% are protected by resilient assets, buffering against losses.

在市场低迷期间，投资者了解到，与股票不同，这些年利率为 7.5% 至 9% 的高收益房地产票据受到弹性资产的保护，可以缓冲损失。

The Impact of Bitcoin on MicroStrategy's Balance Sheet

比特币对 MicroStrategy 资产负债表的影响

MicroStrategy's balance sheet has undergone a significant transformation since the company began allocating a portion of its treasury reserves to Bitcoin.

自从该公司开始将部分库存储备分配给比特币以来，MicroStrategy 的资产负债表经历了重大转变。

As of June 30, 2024, MicroStrategy held approximately $2.44 billion in cash and cash equivalents, down from $4.08 billion at the end of 2021. This decrease is primarily attributed to the company's Bitcoin purchases, which totaled $3.98 billion.

截至 2024 年 6 月 30 日，MicroStrategy 持有约 24.4 亿美元的现金和现金等价物，低于 2021 年底的 40.8 亿美元。这一下降主要归因于该公司购买了总计 39.8 亿美元的比特币。

On the other hand, MicroStrategy's total assets increased from $7.06 billion in December 2021 to $8.03 billion in June 2024, largely due to the appreciation of its Bitcoin holdings.

另一方面，MicroStrategy 的总资产从 2021 年 12 月的 70.6 亿美元增加到 2024 年 6 月的 80.3 亿美元，这主要是由于其持有的比特币升值。

The company's total liabilities also decreased, from $2.2 billion to $1.74 billion over the same period.

同期该公司的总负债也从 22 亿美元下降至 17.4 亿美元。

Overall, MicroStrategy's balance sheet appears to be stronger, with a lower debt-to-asset ratio and increased liquidity. The company's strategy of holding Bitcoin as a reserve asset has contributed to these positive balance sheet trends.

总体而言，MicroStrategy 的资产负债表似乎更为强劲，债务资产比率较低，流动性有所增加。该公司持有比特币作为储备资产的战略促成了这些积极的资产负债表趋势。