标题：迈克尔·塞勒（Michael Saylor）的策略是世界上最大的比特币公司持有人，可能有一天成为公开交易的股票

由于比特币（BTC）实现了未来的财务实力，策略将是“整个市场中排名第一的公开交易股权”

Strategy, the world’s largest corporate holder of Bitcoin, may one day become the top publicly traded equity in the entire market, according to a Strategy analyst.

一位战略分析师称，战略是比特币最大的公司持有人，有一天可能成为整个市场上最高的公开交易股权。

Strategy will be the “number one publicly traded equity in the entire market” because of its future financial strength enabled with Bitcoin (BTC), Strategy analyst Jeff Walton predicted in the new Financial Times documentary, Michael Saylor’s $40 billion Bitcoin bet.

策略将是“整个市场中排名第一的公开交易股权”，因为它具有比特币（BTC）的未来财务实力，战略分析师杰夫·沃尔顿（Jeff Walton）在《新金融时报》纪录片《迈克尔·塞勒（Michael Saylor）》（Michael Saylor）的400亿美元比特币押注中预测。

The company currently holds about 568,840 Bitcoin, worth roughly $59 billion, and Walton said that advantage could push it past all other publicly listed firms in the future.

该公司目前持有约568,840个比特币，价值约590亿美元，沃尔顿表示，这一优势可能会将其推向将来所有其他公开上市的公司。

“Strategy holds more of the best assets and the most pristine collateral on the entire planet than any other company, by multiples,” Walton said.

沃尔顿说：“战略比其他任何公司都拥有更多的最佳资产和整个地球上最原始的抵押品，”沃尔顿说。

The analyst pointed to the firm’s ability to rapidly raise capital as another indicator of its strength. In November 2024, Strategy raised $12 billion in just 50 days.

分析师指出，该公司有能力迅速筹集资金作为其实力的另一个指标。 2024年11月，战略在短短50天内筹集了120亿美元。

“It’s incredibly hard to raise $100 million of capital, and they just raised $100 million of capital 120 times in 50 days, and they were able to buy Bitcoin with that capital. That’s insane,” Walton said.

沃尔顿说：“筹集1亿美元的资本非常困难，他们在50天内筹集了120次120美元的资本，他们能够用该资本购买比特币。这太疯狂了。”

In the documentary, Saylor also paints a bullish picture of the future due to Bitcoin adoption by Strategy, formerly MicroStrategy.

在纪录片中，塞勒还描绘了未来的看涨图片，这是由于战略采用了比特币，以前是微型策略。

Saylor says Strategy will become a $10 trillion company

塞勒说策略将成为一家耗资10万亿美元的公司

“I think that MicroStrategy is in a position where we can grow from a $100 billion enterprise to a $1 trillion enterprise to a $10 trillion enterprise,” Saylor said.

Saylor说：“我认为MicroStrategy处于我们可以从1000亿美元的企业发展到1万亿美元的企业到100万亿美元的企业。”

He also predicted that Bitcoin would one day reach a price of $13 million per coin:

他还预测，比特币有一天会达到每枚硬币1300万美元的价格：

Related: Coinbase considered Saylor-like Bitcoin strategy before opting out: Bloomberg

相关：共同考虑之前，Coinbase在选择之前考虑了类似Saylor的比特币策略：彭博社

Walton and Saylor’s predictions on Strategy potentially beating all publicly traded equities in the future come as the company ranks as the 151st largest company in the world, with a market capitalization of $117 billion, according to CompaniesMarketCap.

根据CompanyMarketCap的数据，沃尔顿和塞勒对战略的预测可能会击败未来所有公开交易的股票，因为该公司排名全球第151大公司，市值为1,170亿美元。

To become the largest, Strategy would need to surpass Microsoft, whose current market cap exceeds $3.3 trillion.

为了成为最大的，战略将需要超过微软，其目前的市值超过3.3万亿美元。

Bitcoin’s 90% drop scenario

比特币的90％下降方案

Despite his bullish stance on the future of both Strategy and Bitcoin, Saylor has not ignored the possibility that BTC could suffer major losses.

尽管他对战略和比特币的未来都看上去了立场，但塞勒并没有忽略BTC可能遭受重大损失的可能性。

Reiterating his previous claims, Saylor emphasized that Strategy’s capital structure is constructed so that it would still be stable even if Bitcoin falls 90% and “stays there for four or five years.”

Saylor重申了他以前的主张，强调了战略的资本结构是建造的，因此即使比特币下降了90％，并且“在那里呆了四到五年”仍然是稳定的。

“It wouldn’t be a good outcome for the equity holders. The people at the top of the capital structure would suffer because they’re levered, but everybody else in the capital structure would get paid out,” he said.

他说：“对于股权持有人来说，这不是一个很好的结果。资本结构顶部的人民会因为杠杆率而受到影响，但资本结构中的其他所有人都会得到支付。”