MSTR的大幅稀释以及将募集资金用于回购STRC而非购买比特币是利空因素；该股票的下行贝塔比上行更差。
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我们甚至可能会提到Micro Strategy。他们最近做了什么？他们大幅稀释了股票，但他们用这些现金做了什么？他们买了比特币还是做了别的什么？
And we might even touch on Micro Strategy. What did they do recently? They diluted their stock heavily, but what did they do with the cash? Did they buy Bitcoin or did they do something else?
现在，让我用Micro Strategy给你看些东西。这不是最好的信息，各位。说到Micro Strategy，如果你想知道的话，他们是一家大型比特币控股公司。除非你与世隔绝，否则你可能听说过。
所以他们的商业模式是，买一堆比特币，然后持有。你知道，你买入这只股票，它应该跑赢比特币，但当比特币回调时，它也会在下跌和上涨时都跑得更快。至少理论上是这样。问题是，它似乎在下跌时跑得更快。
所以当比特币下跌时，Micro Strategy就像踩下油门一样下跌。当比特币上涨时，Micro Strategy就像，你知道，也许我们快没油了。我们没有踩到那辆本田思域发动机的VTEC，各位。
Now, let me show you something with Micro Strategy. This is not the best uh let's just say information, folks. When it comes to Micro Strategy, Micro Strategy, they're a, in case you were wondering, large Bitcoin holding company. You probably heard of it unless you've been under a rock, folks. So their business model, buy a bunch of Bitcoin, sit on it. You know, you buy the stock, it's supposed to outperform Bitcoin, but when Bitcoin corrects, it also, you know, kind of outpaces to the downside as well as to the upside. Or at least that's the theory. Problem is, it seems like it's outpacing harder to the downside. So when Bitcoin's heading down, Micro Strategy is going down like while pressing the gas pedal. when Bitcoin's going up, Micro Strategy, it's like, you know, maybe uh we're running out of gas. We're not hitting that VTEC on that Honda Civic engine, folks.
那么，我们在这里看到了什么？加密货币市场发生了什么？他们进一步稀释了股票。这是最严重的稀释之一。稀释是什么意思？他们正在增发新股在市场上出售。这增加了Micro Strategy的股票数量，他们实际上增加了20亿美元。
So, what are we seeing here? What is happening in the crypto market? Well, they diluted their stock even further. And this is one of the heaviest dilutions. Now, what do you mean by dilution? So, they're spinning up new shares to sell on the market. This increases the amount of Micro Strategy shares and they in fact increased it by $2 billion.
你会说，“他们不是用那笔钱买比特币吗？”表面上看，是的，很多时候是这样，但这在我看来，他们是要支付他们一些基本上支付股息工具的股息收益率，主要是STRC。所以，他们确实回购了一些STRC。
他们花了1.36亿美元回购一些STRC，这样他们每个月就可以少支付股息。所以他们基本上卖出了很多这些股票。实际上每两周他们就必须继续支付股息。每个月他们基本上支付1%。所以它应该每年支付大约10%。
所以差不多，你知道，每月1%。所以他们每回购1亿美元，基本上每个月就少支付100万美元。所以他们不是在买比特币。他们实际上是在回购他们的STRC。有人说STRC可能是Micro Strategy的垮台。
我不知道我是否会走得那么远，但你知道，这也许值得思考。Micro Strategy肯定在稀释他们的股票。
You're going to say, "Well, don't they use that to buy Bitcoin?" Ostensibly, yeah, a lot of the times, but this to me seems like they're going to pay the dividend yields on some of their basically dividend paying instruments, the STRC primarily. So, they did repurchase some STRC. They spend $136 million repurchasing some STRC and that way they have to pay less dividend payments every single month. So they essentially have sold a lot of these shares. Every two weeks actually they have to keep paying dividend payments on it. Every month they're basically paying 1%. So it's supposed to pay about a 10% per year. So close enough, you know, with 1% a month. So every hundred million that they buy back, that's basically one less million dollars they have to pay every single month. And so they're not buying Bitcoin. They're actually buying back their STRC. And some say the STRC might be the downfall of Micro Strategy. I don't know if I would go that far, but you know, it's just maybe something to think about. Micro Strategy definitely diluting their stocks.
他说在等什么
他自己说在等的东西，一段话一条记录。同一件事说过几次就出现几次，我们不合并，也不判断它有没有兑现。
这个频道对 $MSTR 的历次判断
Verified Investing 在这只股票上共 2 条判断，这里只列相邻的几条。