MicroStrategy 通过另一笔数十亿美元的收购巩固了作为最大企业比特币持有者的地位

著名的软件服务公司 MicroStrategy 通过新一轮价值数十亿美元的收购，继续巩固其作为比特币最大企业持有者的地位。

Prominent software services firm MicroStrategy continues to solidify its position as the largest corporate holder of Bitcoin with a fresh billion-dollar acquisition.

著名的软件服务公司 MicroStrategy 通过新一轮价值数十亿美元的收购，继续巩固其作为比特币最大企业持有者的地位。

Today, the firm disclosed adding 10,107 BTC to its already massive Bitcoin portfolio. This latest acquisition came at $105,596 per token, bringing the total new capital to $1.1 billion.

今天，该公司披露在其已经庞大的比特币投资组合中增加了 10,107 BTC。此次最新收购的价格为每个代币 105,596 美元，使新资本总额达到 11 亿美元。

As of today, MicroStrategy now controls a Bitcoin portfolio consisting of 471,107 tokens, purchased for approximately $30.4 billion over the last four years.

截至今天，MicroStrategy 现已控制着由 471,107 种代币组成的比特币投资组合，这些代币是在过去四年中以约 304 亿美元的价格购买的。

Interestingly, MicroStrategy also invested $1.1 billion in the Bitcoin market last week, acquiring 11,000 tokens in return. As of now, this acquisition has seen a gain of $4.45 million.

有趣的是，MicroStrategy 上周还在比特币市场投资了 11 亿美元，获得了 11,000 个代币作为回报。截至目前，此次收购已获得445万美元收益。

However, the firm is getting fewer tokens today—10,107 BTC—for the same $1.1 billion investment. This discrepancy is due to Bitcoin’s price increase since the previous acquisition.

然而，该公司如今以同样 11 亿美元的投资获得的代币数量减少了——10,107 BTC。这种差异是由于自上次收购以来比特币的价格上涨所致。

While MicroStrategy bought 10,107 BTC at $105,596 per token, the asset’s current value stands at $99,999 at press time. As a result, this latest acquisition is experiencing an unrealized loss of $85.5 million, a dip of 7.8%.

虽然 MicroStrategy 以每个代币 105,596 美元的价格购买了 10,107 BTC，但截至发稿时，该资产的当前价值为 99,999 美元。因此，这项最新收购的未实现亏损为 8550 万美元，下降了 7.8%。

Interestingly, MicroStrategy only faces losses with this week’s acquisition and the one from December 23. All other individual acquisitions show impressive profitability.

有趣的是，MicroStrategy 仅在本周的收购和 12 月 23 日以来的收购中面临亏损。所有其他单独的收购都显示出令人印象深刻的盈利能力。

Cumulatively, MicroStrategy is sitting on an unrealized gain of $16.95 billion, having invested around $30.4 billion in Bitcoin. This reflects a 55.76% return, as its entire Bitcoin portfolio is now valued at $47.35 billion.

MicroStrategy 在比特币上投资了约 304 亿美元，累计未实现收益为 169.5 亿美元。这反映了 55.76% 的回报率，因为其整个比特币投资组合目前估值为 473.5 亿美元。

Notably, with this Monday’s announcement, MicroStrategy continues its weekly dollar-cost averaging Bitcoin strategy established in November 2024. Specifically, every week since November 11, 2024, the company has disclosed new Bitcoin acquisitions and today is no different.

值得注意的是，随着本周一的公告，MicroStrategy 继续其于 2024 年 11 月建立的每周美元成本平均比特币策略。具体来说，自 2024 年 11 月 11 日以来，该公司每周都会披露新的比特币收购情况，今天也不例外。

Despite growing caution from other market participants, it continues to buy Bitcoin in the $100K price range. Many are wary of acquiring Bitcoin at these levels due to concerns about bearish market performance. This sentiment is evident in the comments following the latest announcement.

尽管其他市场参与者越来越谨慎，但它仍然继续购买 10 万美元价格范围内的比特币。由于担心市场表现不佳，许多人对在这些水平上购买比特币持谨慎态度。这种情绪在最新公告发布后的评论中显而易见。

Bitcoin critic and Chief Economist Peter Schiff pointed out that MicroStrategy’s average cost per Bitcoin keeps rising while Bitcoin’s overall price has been declining. He argues that if this trend continues, the company’s entire position could eventually be at a loss, especially as its holdings increase and more debt is taken on to fund the acquisitions.

比特币评论家兼首席经济学家 Peter Schiff 指出，MicroStrategy 每比特币的平均成本不断上升，而比特币的整体价格却一直在下降。他认为，如果这种趋势持续下去，该公司的整个头寸最终可能会出现亏损，特别是当其持股量增加并且为收购融资而承担更多债务时。

Another commentator expressed similar concerns, highlighting that MicroStrategy’s average cost per Bitcoin is getting very high. They suggest that there is a good chance that the company's Bitcoin holdings will be in the red by 2026-2027, assuming that the current pace of acquisitions continues and bearish market conditions set in. However, it is expected that the company's Bitcoin position will return to profitability by 2028-2029.

另一位评论员也表达了类似的担忧，强调 MicroStrategy 每个比特币的平均成本变得非常高。他们表示，假设当前的收购步伐继续下去并且市场条件看跌，到 2026 年至 2027 年，该公司的比特币持有量很可能会出现亏损。不过，预计该公司的比特币头寸将恢复到 2028-2029 年实现盈利。