{"id":1291,"date":"2025-06-26T07:53:19","date_gmt":"2025-06-25T23:53:19","guid":{"rendered":"https:\/\/www.db-hk.com\/?p=1291"},"modified":"2025-06-26T07:53:19","modified_gmt":"2025-06-25T23:53:19","slug":"%e8%a7%a3%e5%af%86microstrategy%e7%9a%84%e6%97%a0%e9%99%90%e5%8d%b0%e9%92%9e%e6%9c%af","status":"publish","type":"post","link":"http:\/\/www.fubairui.net\/?p=1291","title":{"rendered":"\u89e3\u5bc6MicroStrategy\u7684\u65e0\u9650\u5370\u949e\u672f"},"content":{"rendered":"
Michael Saylor \u7684 MicroStrategy (MSTR) \u4ece 2020 \u5e74\u5f00\u59cb\u79ef\u7d2f BTC\uff0c\u5e76\u4e14\u4e00\u53d1\u4e0d\u53ef\u6536\u62fe\uff0c\u5728\u6b64\u8fc7\u7a0b\u4e2d\u5c06\u8fd9\u5bb6\u7684\u8f6f\u4ef6\u516c\u53f8\u8f6c\u53d8\u4e3a\u8fc7\u53bb\u4e24\u4e2a\u725b\u5e02\u5468\u671f\u4e2d\u8868\u73b0\u6700\u597d\u7684\u80a1\u6743\u6295\u8d44\u516c\u53f8\u3002<\/p>\n
\u5c3d\u7ba1 2024 \u5e74\u6bcf\u4e2a\u5b63\u5ea6\u90fd\u4f1a\u51fa\u73b0\u5de8\u989d\u4e8f\u635f\uff0c\u4f46 MSTR \u7684\u8868\u73b0\u4ecd\u7136\u8f7b\u677e\u8d85\u8fc7 BTC\uff0c\u81ea 9 \u6708\u4efd\u4ee5\u6765\u4ef7\u683c\u5448\u629b\u7269\u7ebf\u5f0f\u7ffb\u500d\uff0c\u4eca\u5e74\u8fc4\u4eca\u53c8\u4e0a\u6da8\u4e86 200%\uff01<\/p>\n
\u5728 MicroStrategy \u4e8e 10 \u6708 30 \u65e5\u4e3e\u884c\u7684\u6700\u8fd1\u4e00\u6b21\u6536\u76ca\u4f1a\u8bae\u4e0a\uff0c\u516c\u53f8\u9ad8\u7ba1\u516c\u5e03\u4e86\u4ed6\u4eec\u7684\u300c21\/21 \u8ba1\u5212\u300d\uff0c\u8fd9\u662f\u4e00\u9879\u6218\u7565\u4e3e\u63aa\uff0c\u65e8\u5728\u4ee5 50\/50 \u7684\u6bd4\u4f8b\u7b79\u96c6 42B \u7f8e\u5143\u7684\u8d44\u672c\uff08\u76f8\u5f53\u4e8e\u5206\u6790\u65f6 MSTR \u5e02\u503c\u7684 80%\uff09\u3002\u8ba1\u5212\u4e2d\u7684\u80a1\u7968\u9500\u552e\u548c\u503a\u5238\u53d1\u884c\u7ec4\u5408\u6210\u4e3a\u7f8e\u56fd\u80a1\u5e02\u5386\u53f2\u4e0a\u89c4\u6a21\u6700\u5927\u7684\u4e8c\u6b21\u80a1\u7968\u53d1\u884c\u3002<\/p>\n
\u4eca\u5929\uff0c\u6211\u4eec\u5c06\u89e3\u5bc6 Michael Saylor \u7684\u65e0\u9650\u8d5a\u94b1\u673a\u5668\uff0c\u5e76\u63a2\u8ba8 MicroStrategy \u6253\u7b97\u5982\u4f55\u6210\u4e3a\u4e00\u5bb6\u4e07\u4ebf\u7f8e\u5143\u7684\u516c\u53f8\u3002<\/p>\n
Saylor \u5728\u521b\u5efa\u4ec0\u4e48\uff1f<\/strong><\/p>\n MicroStrategy \u4e8e 2020 \u5e74 8 \u6708\u5ba3\u5e03\u65a5\u8d44 2.5 \u4ebf\u7f8e\u5143\u8d2d\u4e70 21,454 \u4e2a BTC\uff0c\u6210\u4e3a\u7b2c\u4e00\u5bb6\u5b9e\u65bd BTC \u8d44\u91d1\u7b56\u7565\u7684\u4e0a\u5e02\u516c\u53f8\uff0c\u8fd9\u9879\u521d\u59cb\u6295\u8d44\u5728 4 \u5e74\u7684\u751f\u547d\u5468\u671f\u4e2d\u56de\u62a5\u7387\u63a5\u8fd1 500%\u3002<\/p>\n \u622a\u81f3 2024 \u5e74 9 \u6708\uff0cMicroStrategy \u6301\u6709 252,220 \u4e2a\u6bd4\u7279\u5e01\u3002<\/p>\n \u5c3d\u7ba1 MicroStrategy \u5728\u76f4\u63a5\u4f01\u4e1a\u6301\u6709\u8005\u4e2d\u4fdd\u6301\u4e86 BTC \u5de8\u5934\u7684\u5730\u4f4d\uff0c\u4f46 2024 \u5e74 1 \u6708\u63a8\u51fa\u7684\u73b0\u8d27 BTC ETF \u91cd\u5851\u4e86\u6700\u5927\u6301\u6709\u8005\u683c\u5c40\uff0c\u8d1d\u83b1\u5fb7\u53d6\u4ee3 MicroStrategy \u6210\u4e3a\u7b2c\u56db\u5927\u6301\u6709 BTC \u7684\u5b9e\u4f53\uff0c\u4ec5\u6b21\u4e8e Binance\u3001Sabase \u548c Coinbase\u3002<\/p>\n \u867d\u7136\u5e02\u573a\u6700\u521d\u5bf9 Microstrategy \u7684\u4f30\u503c\u662f\u5176 BTC \u8d44\u4ea7\u4ef7\u503c\u7684\u4e94\u500d\uff0c\u4f46\u968f\u7740\u6301\u6709\u8005\u9010\u6e10\u610f\u8bc6\u5230\uff0c\u4ed6\u4eec\u5c06\u6c38\u8fdc\u88ab\u7a00\u91ca\u4ee5\u8d44\u52a9\u989d\u5916\u7684 BTC \u8d2d\u4e70\uff0c\u5e76\u4e14\u5230 2021 \u5e74\u5e95\uff0c\u968f\u7740\u718a\u5e02\u7684\u840e\u9761\u4e0d\u632f\uff0c\u8fd9\u79cd\u6ea2\u4ef7\u5f00\u59cb\u6d88\u5931\uff0c MSTR \u53d1\u73b0\u5176\u4ea4\u6613\u4ef7\u683c\u4f4e\u4e8e\u5176\u8d44\u4ea7\u51c0\u503c\uff08NAV\uff09\u3002<\/p>\n \u4e0e 2020 \u5e74 MicroStrategy \u9996\u6b21\u5f00\u59cb\u79ef\u7d2f BTC \u65f6\u4e0d\u540c\uff0c\u6295\u8d44\u8005\u4e0d\u518d\u9700\u8981\u9000\u51fa\u4f20\u7edf\u5e02\u573a\u6765\u83b7\u5f97\u52a0\u5bc6\u8d44\u4ea7\u655e\u53e3\uff0c\u4f46\u5373\u4f7f\u5728 ETF \u65f6\u4ee3\uff0cMSTR \u80a1\u7968\u81ea 2024 \u5e74 2 \u6708\u4ee5\u6765\u4ecd\u6301\u7eed\u4ee5\u6301\u7eed\u6ea2\u4ef7\u4ea4\u6613\u3002<\/p>\n \u4e0e\u7b80\u5355\u8ddf\u8e2a BTC \u8868\u73b0\uff08\u51cf\u53bb\u7ba1\u7406\u8d39\uff09\u7684\u73b0\u8d27 ETF \u76f8\u6bd4\uff0cMicroStrategy \u4e3a\u5176\u80a1\u4e1c\u63d0\u4f9b\u4e86 BTC \u79ef\u7d2f\u7b56\u7565\u5de5\u5177\uff0c\u53ef\u4ee5\u589e\u52a0\u6bcf\u80a1\u7684\u4ee3\u5e01\u6570\u91cf\u3002<\/p>\n \u5f53 MSTR \u80a1\u7968\u7684\u4ea4\u6613\u4ef7\u683c\u9ad8\u4e8e\u5176\u6301\u6709\u7684 BTC \u65f6\uff0cMicroStrategy \u53ef\u4ee5\u901a\u8fc7\u4e24\u79cd\u9014\u5f84\u65b9\u4fbf\u5730\u7b79\u96c6\u8d44\u91d1\uff1a\u5e73\u4ef7\u80a1\u7968\u53d1\u884c\u548c\u53ef\u8f6c\u6362\u503a\u5238\u9500\u552e\u3002\u5e73\u4ef7\u80a1\u7968\u53d1\u884c\u7684\u6388\u6743\u4f7f MicroStrategy \u80fd\u591f\u5411\u5e02\u573a\u53d1\u884c\u548c\u51fa\u552e\u65b0\u7684 MSTR \u80a1\u7968\u4ee5\u7b79\u96c6\u73b0\u91d1\uff0c\u540c\u65f6\uff0c\u53ef\u8f6c\u6362\u503a\u5238\u9500\u552e\u4f7f MicroStrategy \u80fd\u591f\u4ee5\u6781\u5176\u7406\u60f3\u7684\u6761\u4ef6\u501f\u94b1\uff0c\u4ee5\u6362\u53d6\u53ef\u8d4e\u56de\u7684\u503a\u52a1\u4e49\u52a1\u73b0\u91d1\u6216\u4e00\u5b9a\u6570\u91cf\u7684 MSTR \u80a1\u4efd\u672a\u6765\u3002<\/p>\n \u5728\u5176 2024 \u5e74\u7b2c\u4e8c\u5b63\u5ea6\u6536\u76ca\u62a5\u544a\u4e2d\uff0cMicrostrategy \u9996\u6b21\u5f15\u5165\u300cBTC \u6536\u76ca\u7387\u300d\u4f5c\u4e3a\u5173\u952e\u6295\u8d44\u8005\u7ee9\u6548\u6307\u6807\uff0c\u4ee5\u5f3a\u8c03\u6bcf\u80a1 BTC \u6301\u6709\u91cf\u7684\u5b63\u5ea6\u73af\u6bd4\u589e\u957f\u3002<\/p>\n \u5c3d\u7ba1\u968f\u7740\u718a\u5e02\u7684\u6301\u7eed\uff0cMicroStrategy \u4e8e 2022 \u5e74 3 \u6708\u975e\u6b63\u7edf\u5730\u4ece Silvergate \u83b7\u5f97\u4e86 2.05 \u4ebf\u7f8e\u5143\u7684 BTC \u62b5\u62bc\u5b9a\u671f\u8d37\u6b3e\uff0c\u4f46\u52a0\u5bc6\u884c\u4e1a\u4e13\u5bb6\u7ecf\u5e38\u5c06\u8be5\u516c\u53f8\u6bd4\u4f5c\u4e00\u53f0\u5370\u949e\u673a\uff0c\u56e0\u4e3a\u5176\u9ad8\u7ba1\u4f3c\u4e4e\u7b79\u96c6\u65e0\u9650\u91cf\u5728\u5e02\u573a\u7e41\u8363\u65f6\u671f\u901a\u8fc7\u80a1\u7968\u7a00\u91ca\u6765\u8d2d\u4e70 BTC \u7684\u73b0\u91d1\u3002<\/p>\n \u5728\u6700\u8fd1\u63a5\u53d7\u5356\u65b9\u7814\u7a76\u516c\u53f8 Bernstein \u5206\u6790\u5e08\u91c7\u8bbf\u65f6\uff0cMichael Saylor \u900f\u9732\u4e86\u4ed6\u516c\u53f8\u7684\u6700\u7ec8\u76ee\u6807\uff1a\u8f6c\u578b\u4e3a\u4e00\u5bb6\u6210\u719f\u7684\u6bd4\u7279\u5e01\u91d1\u878d\u670d\u52a1\u63d0\u4f9b\u5546\u3002<\/p>\n \u5f53\u80a1\u4e1c\u8d2d\u4e70 MSTR \u65f6\uff0c\u4ed6\u4eec\u4e0d\u4ec5\u8d2d\u4e70\u4e86 BTC\uff0c\u8fd8\u8d2d\u4e70\u4e86\u7ba1\u7406\u5c42\u6709\u6548\u5229\u7528\u8d44\u672c\u5e02\u573a\u548c\u8d44\u4ea7\u8d1f\u503a\u8868\u4ee5\u6709\u6548\u4ea7\u751f\u66f4\u591a\u56de\u62a5\u7684\u80fd\u529b\u3002<\/p>\n \u6295\u8d44\u6ce8\u610f\u4e8b\u9879<\/strong><\/p>\n MSTR \u5728 2024 \u5e74\u7684\u8868\u73b0\u65e0\u7591\u4f18\u4e8e BTC\uff0c\u4f46\u4ece\u5386\u53f2\u4e0a\u770b\uff0c\u5b83\u4e5f\u8868\u73b0\u51fa\u66f4\u9ad8\u7684\u6ce2\u52a8\u6027\uff0c\u5728\u4e0a\u884c\u5927\u5e45\u53cd\u5f39\u7684\u540c\u65f6\uff0c\u4e5f\u7ecf\u5386\u4e86\u66f4\u5267\u70c8\u7684\u4e0b\u884c\u6ce2\u52a8\u3002\u5bfb\u6c42\u6760\u6746 BTC \u655e\u53e3\u7684\u6295\u673a\u8005\u6700\u597d\u76f4\u63a5\u5229\u7528\u57fa\u7840\u8d44\u4ea7\u3002<\/p>\n \u867d\u7136\u7cbe\u660e\u5730\u5229\u7528\u516c\u5171\u8d44\u672c\u5e02\u573a\u4f7f MSTR \u80a1\u4e1c\u80fd\u591f\u79ef\u7d2f\u66f4\u591a\u7684 BTC\uff0c\u4f46 Microstrategy \u7684\u80fd\u529b\u53d6\u51b3\u4e8e\u6295\u8d44\u8005\u6301\u7eed\u6ea2\u4ef7\u8d2d\u4e70\u80a1\u7968\u7684\u610f\u613f\u3002<\/p>\n \u6b63\u5982 2022 \u5e74\u6240\u663e\u793a\u7684\u90a3\u6837\uff0cMSTR \u80a1\u7968\u53ef\u80fd\u4f1a\u957f\u671f\u4ee5\u4f4e\u4e8e\u8d44\u4ea7\u51c0\u503c\u7684\u4ef7\u683c\u8fdb\u884c\u4ea4\u6613\u3002\u5982\u679c\u53ef\u8f6c\u6362\u503a\u5238\u5728\u8d44\u4ea7\u51c0\u503c\u6301\u7eed\u6298\u4ef7\u7684\u60c5\u51b5\u4e0b\u5230\u671f\uff0cMicrostrategy \u5c06\u88ab\u8feb\u51fa\u552e\u51fa\u4e4e\u610f\u6599\u7684\u5927\u91cf\u80a1\u7968\u6765\u7a00\u91ca\u6295\u8d44\u8005\u7684\u80a1\u6743\uff0c\u6216\u8005\u51fa\u552e\u6301\u6709\u7684 BTC \u4ee5\u8d4e\u56de\u672a\u507f\u503a\u5238\u3002<\/p>\n \u5373\u5c06\u4e8e\u4eca\u5e74 12 \u6708\u5f00\u59cb\u5b9e\u65bd\u7684 FASB \u89c4\u5219\u53d8\u66f4\u5c06\u5141\u8bb8\u6570\u5b57\u8d44\u4ea7\u6309\u5176\u516c\u5e73\u5e02\u573a\u4ef7\u503c\u8fdb\u884c\u62a5\u544a\u3002\u5c3d\u7ba1 Microstrategy \u5df2\u516c\u5e03 2024 \u5e74\u8fde\u7eed\u4e09\u4e2a\u5b63\u5ea6\u51c0\u5229\u6da6\u4e8f\u635f\uff0c\u4f46\u91c7\u7528\u8fd9\u4e9b\u65b0\u4f1a\u8ba1\u51c6\u5219\u5c06\u5bf9\u516c\u53f8\u7684\u8d22\u52a1\u4ea7\u751f\u79ef\u6781\u5f71\u54cd\uff0c\u4f7f MSTR \u6210\u4e3a\u6807\u51c6\u666e\u5c14 500 \u6307\u6570\u7684\u6f5c\u5728\u5019\u9009\u8005\u3002\u5c06\u5176\u6dfb\u52a0\u5230\u8be5\u6307\u6570\u6216\u7eb3\u65af\u8fbe\u514b 100 \u7b49\u6307\u6570\u4e2d\uff0c\u5c06\u91ca\u653e\u88ab\u52a8\u7684\u4ef7\u683c\u4e0d\u52a0\u533a\u522b\u7684\u6d41\u52a8\uff0c\u53ef\u4ee5\u51fa\u552e\u8fd9\u4e9b\u6d41\u52a8\u4ee5\u79ef\u7d2f\u66f4\u591a\u7684 BTC\uff01<\/p>\n \u4e0e\u5bf9\u975e\u751f\u4ea7\u6027\u73b0\u8d27 BTC \u7684\u6295\u8d44\u76f8\u6bd4\uff0cMicrostrategy \u80a1\u7968\u6709\u80fd\u529b\u79ef\u7d2f\u989d\u5916\u7684\u4ee3\u5e01\uff0c\u5e76\u4e14\u4e0e\u7ade\u4e89\u6781\u5176\u6fc0\u70c8\u7684\u52a0\u5bc6\u8d27\u5e01\u6316\u77ff\u9886\u57df\u7684\u516c\u53f8\u4e0d\u540c\uff0cMicrostrategy \u56e0\u62e5\u6709\u5de8\u5927\u7684 BTC \u62a4\u57ce\u6cb3\u800c\u5177\u6709\u663e\u8457\u7684\u5dee\u5f02\u5316\u4f18\u52bf\u3002\u53ea\u8981\u5b58\u5728\u6295\u673a\u6bd4\u7279\u5e01\u7684\u613f\u671b\uff0c\u6295\u8d44\u8005\u5c31\u53ef\u4ee5\u653e\u5fc3\uff0c\u56e0\u4e3a\u4ed6\u4eec\u77e5\u9053\u6709\u4eba\u53ef\u80fd\u613f\u610f\u4ee5\u6ea2\u4ef7\u8d2d\u4e70\u80a1\u7968\u6216\u4ee5\u7406\u60f3\u7684\u6761\u4ef6\u501f\u51fa\u73b0\u91d1\u3002<\/p>\n","protected":false},"excerpt":{"rendered":" Michael Saylor \u7684 MicroStrategy (MSTR) \u4ece 2020 \u5e74\u5f00\u59cb\u79ef\u7d2f BTC\uff0c […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1291","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/posts\/1291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1291"}],"version-history":[{"count":1,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/posts\/1291\/revisions"}],"predecessor-version":[{"id":2945,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=\/wp\/v2\/posts\/1291\/revisions\/2945"}],"wp:attachment":[{"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1291"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.fubairui.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}