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比特币暴跌之际,“持币大户”MicroStrategy(MSTR.US)果断买入! 高呼“买币弃债”

At the moment of Bitcoin's plummet, the "heavy holder" MicroStrategy (MSTR.US) decisively made a purchase! They shouted, "Buy Bitcoin, abandon debt."

Zhitong Finance ·  Jan 14 00:08

The co-founder of MicroStrategy spoke at the ICR conference held in Orlando, and the company currently holds Bitcoin worth approximately 41 billion dollars.

According to Zhitong Finance APP, MicroStrategy (MSTR.US), known as a "Bitcoin Hold Position Big Player" and "Bitcoin Shadow Stock," has decisively chosen to Buy Bitcoin in recent days as the price of Bitcoin continues to plummet due to a significant rise in US bond yields, informing the Global crypto community that MicroStrategy is striving to stabilize the recently fallen trend of Bitcoin prices and that the company has strong long-term confidence in holding Bitcoin. After the 'large holder' MicroStrategy entered the market to aggressively bottom fish, the price of Bitcoin finally stabilized, halting the continuous decline since Friday.

Meanwhile, Michael Saylor, co-founder and Director of MicroStrategy, stated during a speech on Monday Eastern Time, "Cash reserves of major companies should be used to buy Bitcoin, rather than being obsessed with holding and buying Bonds, which are a 'toxic' asset." This is yet another explosive market opinion from Saylor, the 'captain' of MicroStrategy, who has elevated Bitcoin alongside New York and its economic growth engine to the same level, praising Bitcoin as the 'Network Manhattan.'

MicroStrategy holds Bitcoin valued at approximately 41 billion USD, making it undoubtedly a 'Bitcoin Hold Position Big Player.' MicroStrategy's stock price has surged dramatically following the upcoming Bitcoin bull market in 2024 due to its large Bitcoin holdings, with the company's stock price increasing by 50% since Trump's victory in November, and an astonishing 360% increase over the entire year of 2024. Currently, MicroStrategy's total Market Cap has reached 81 billion USD, far surpassing the Market Cap of the Bitcoin it holds, becoming the world's most soaring 'Bitcoin Concept Stock.'

During the ICR conference held in Orlando, Saylor, the 'captain' of MicroStrategy, delivered a speech comparing the ROI of Bitcoin and Bond assets since 2020. A slide he presented at the conference showed that since the company adopted the investment strategy of purchasing Bitcoin, the value of crypto assets has risen sharply, while the index of bond assets led by US Bonds has declined.

"This strategy applies to any company," Saylor said during the keynote speech at the retail-themed conference, which was packed with executives from major companies and investment institutions. "Every company has a choice: one is to stick to the past, that is to Buy Treasury Bonds for asset appreciation while executing buybacks and dividends, or to embrace the future, that is to use Bitcoin as digital capital to achieve ROI."

"Bitcoin Hold Position Big Players" have been buying Bitcoin for 10 consecutive weeks.

These remarks were made after MicroStrategy disclosed its latest Bitcoin purchases, reporting that it bought $0.243 billion worth of crypto assets. This marks the company's tenth consecutive week of purchasing Bitcoin, which has largely contributed to Bitcoin's price stabilizing after a sharp decline.

Affected by the significant rise in the 10-year US Treasury yield, dubbed the "anchor for global asset pricing," investors rushed to sell high-risk assets, causing Bitcoin's price to drop to its lowest point in nearly two months on Monday. Bitcoin fell as much as 5.3% on Monday, hitting $89,329, the lowest level since November 18, and far from the all-time high of $108,316 set in December. Other crypto assets suffered even larger declines, with Ethereum and Solana falling by as much as 10%. MicroStrategy's Bitcoin acquisition is considered a 'market support operation,' narrowing the decline of Bitcoin, which currently hovers around $94,399, basically unchanged from the previous trading day's price.

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Statistics show that MicroStrategy purchased approximately 2,530 Bitcoins for $0.243 billion in cash between January 6 and 12, at an average price of about $95,972 each. As of January 12, the company holds roughly 0.45 million Bitcoins, with a total purchase price of about $28.2 billion, and an average purchase price of about $62,691 each. The funds used for buying Bitcoins came from the proceeds of issuing and selling stock, with the company selling 710,425 shares during the period from January 6 to 12 for approximately $0.243 billion.

In his speech, Saylor said, 'We build with Steel while they build with wood,' as he criticized US tech giants including Microsoft for not following MicroStrategy's lead in buying Bitcoin and called on these companies to invest their cash reserves in cryptocurrencies instead of Bonds. A slide in his presentation showed that 70 companies hold Bitcoin reserves.

'What’s the downside? Well, I think you just become rich.' Saylor stated during his speech.

As of Monday's close in US stocks, MicroStrategy's share price reversed its downward trend and increased, rising about 13% year-to-date to $328.40 per share, while Bitcoin's price has dropped about 2% during the same period.

The software provider based in Tysons Corner, Virginia currently has Bitcoin holdings equivalent to over 2% of the total Bitcoin supply. MicroStrategy holds approximately $41 billion in original cryptocurrencies.

"Do the right thing for your family, your country, and your investors, which is to allocate Bitcoin." said Saylor at the end of his over 50-minute speech.

MicroStrategy, even referred to by some financial commentators as "the most successful investment bank in human financial history," has indeed earned this title, moving from the brink of bankruptcy to a current total Market Cap of 80 billion USD, fueled by the investor frenzy brought by its substantial Bitcoin holdings.

MicroStrategy co-founder Saylor decided four years ago to lead this small business software manufacturer, which had been lingering on the edge of bankruptcy for years, onto a unique 'survival path in the wilderness'—betting on the appreciation of Bitcoin value. Under his leadership, MicroStrategy has accumulated Bitcoin worth over 40 billion dollars in the past four years. It has proven that Saylor made the right bet, as Bitcoin rose from around 0.01 million dollars to 0.1 million dollars over four years, a tenfold increase.

Wall Street is rallying for the "Bitcoin Bull Market," with expectations to reach 0.2 million USD by 2025.

On Wall Street, the sentiment for Bitcoin is extremely strong, with Analysts generally believing that, aided by the unmatched capital-raising ability of the Bitcoin ETF, and more crucially, after Trump takes office, the US government may implement more lenient regulations on Cryptos, the price of Bitcoin is likely to reach new highs in 2025.

Trump has repeatedly emphasized turning the USA into the "capital of cryptocurrency" and a "superpower in Bitcoin." The support from Trump and the newly formed cabinet members for Bitcoin is driving the growing global demand for the country's digital asset-type funds (such as Bitcoin ETFs and Ethereum ETFs) and cryptocurrency derivatives.

The well-known Wall Street investment institution Bernstein recently predicted in a report that the price of Bitcoin, the largest Market Cap Crypto, will continue the "super bull market curve" this year, forecasting a resurgence of three-digit growth in Bitcoin by 2025, referring to 2025 as the "Infinity Age" in the field of Cryptos marked by Bitcoin's continued surge, calling for Bitcoin to touch the historical milestone of 0.2 million USD in 2025.

Since the successful issuance of the Bitcoin ETF in 2024, Bernstein has maintained a bullish outlook on Bitcoin's price trends, being dubbed the "bullish banner holder of Cryptos." Analyst Gautam Chughani from Bernstein described the "Infinity Age of Cryptos" in a recent research report as "a very long period characterized by the continuous evolution, iteration, and widespread acceptance of the cryptocurrency system, ultimately reaching a point where Cryptos are no longer in dispute. We believe it will eventually become a part of the innovative financial system entirely built for the new Age of Asia Vets," Bernstein pointed out in the report.

Bernstein estimates that the inflow of funds at the corporate level is expected to increase to approximately 50 billion USD by 2025, while during the collective frenzy of Cryptos in 2024, it will only be 24 billion USD. MicroStrategy, which holds the titles of 'Bitcoin Hold Positions' and 'Bitcoin Shadow Stocks', will remain a key participant. Bernstein pointed out that the target price of 0.2 million USD provided by the institution does not take into account any demand from government-led investment institutions or sovereign wealth funds, but only considers the investment needs of private investment institutions as well as individuals and enterprises.

Bernstein also predicts that this year, Bitcoin ETFs in the US market (represented by Blackrock iShares Bitcoin ETF IBIT) will attract over $70 billion in net inflows, which is expected to far exceed the $35 billion expected in 2024, and will be the core force driving Bitcoin to challenge the $200,000 milestone in 2025.

StanChart's global head of digital asset research, Geoff Kendrick, accurately predicts that Bitcoin will surge to 0.1 million USD by the end of 2024, and recently stated that by the end of 2025, Bitcoin's price will reach 0.2 million USD. CoinShares indicated that a more favorable regulatory environment in the USA in 2025 will be the primary driving force supporting the Bitcoin bull market, and in the long term, Bitcoin is expected to reach 0.25 million USD.

The translation is provided by third-party software.


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