说话者以低成本持有原始MSTR仓位的50%以上，计划未来进行换仓，并将MSCI剔除风险视为次要的流动性问题而不予重视。
逐段跳播
在当前这个周期阶段，你是在看MicroStrategy与特斯拉的对比走势图，还是这个机会已经过去了？MicroStrategy和特斯拉，是一对组合。
Are you looking at a microstrategy chart versus Tesla at this stage of the cycle, or has the opportunity passed? You know, microstrategy and Tesla, a pair.
自2020年9月起，我一直在重仓投资MicroStrategy。我的第三个视频讲的就是一笔针对MicroStrategy的期权交易。
I have been heavily investing in MicroStrategy since September 2020. My third video ever was specifically about an options trade on MicroStrategy.
如果我没记错的话，我的换股区间大约是1.10到1.45股特斯拉换1股MicroStrategy。那么，我对这轮牛市的计划是，我仍然以非常低的成本持有MicroStrategy。
我卖掉了很大一部分，但没有全部卖掉。我仍然持有超过50%，并会在时机合适时再次换股。
My trade-off area, if I remember correctly, was about 1.10 to 1.45 shares of Tesla for a share of MicroStrategy. Now, my plan for this bull market is that I still have a micro strategy at a very low cost.
I sold a large part of it , but not all of it. I still hold more than 50% of it and will swap again when the time is right,
比如，如果美光的股价跌到500美元，而我已经没有剩余的流动性或保证金，我肯定会卖出MicroStrategy，也转投过去。
For example, if Micron's stock drops to $500 and I have no remaining liquidity or margin, I will definitely sell MicroStrategy and move to it as well.
Mark Z.提出的另一个关于MicroStrategy的问题。我想知道你对MicroStrategy被移出MSCI指数的可能性有何看法。
Another question about microstrategy from Mark Z. I was wondering about your opinion on the possibility of MicroStrategy being removed from the MSCI index.
这是摩根士丹利全球指数，MicroStrategy是其中的一部分，但它在其中的权重非常小。我们来看一些事实。他们会召开会议讨论此事。我想是10月16日。再说一次，这可能是关于MSCI规则的最终决定。
这并不意味着他们会被剔除，但这是一种可能。如果真发生，而他们又做出那个决定，那么2026年11月会有一些再平衡。但再说一次，我们并不确定那是否会发生。
This is the Morgan Stanley Global Index, of which MicroStrategy is a part, but its weight in it is very small. Let's look at some facts. They will hold a meeting to discuss this matter.
I think it's October 16th. And again, this may be the final decision regarding MSCI rules . This does not mean they will be excluded, but it is a possibility. If that happens, there will be some rebalancing in November 2026 if they make that decision.
But again, we don't know for sure whether that will happen or not.
但大约28亿美元的被迫抛售，换来的可能只是一家市值610亿美元的公司。这是MicroStrategy当前的市场价值。这大约占净抛售压力的4.5%。所以，如果真发生，这也不是世界末日。这就是我所说的流动性擦伤，而不是全面灾难。
But about $2.8 billion of the forced sale may have occurred in exchange for a name worth $61 billion. This is the current market value of MicroStrategy. This represents about 4.5 percent of the net selling pressure .
So, if that happens, you know, it's not the end of the world. It's what I call a liquidity bruise, not an all-out catastrophe.
他们持有846,000枚比特币。这就是收益。好吗？有许多主权财富基金和富裕个人持有并将继续买入更多MicroStrategy股票。现在所有人都在关注套利。我是2020年9月第一个关注套利的人。
现在所有人都在关注。所以再说一次，根本不会有任何被迫抛售比特币的情况。他们仍然持有那个投资组合，而这才是MicroStrategy价格的主要驱动因素，而不是某个基金决定减持一小部分。这就是这场游戏。所以，不用太担心。
They have 846,000 Bitcoins. This is the gain. Good? There are many sovereign wealth funds and wealthy individuals who own and will continue to buy more MicroStrategy shares. Everyone is looking at arbitrage now.
I was the first to look at arbitrage in September 2020. Now everyone is looking at it. So again, there will be no forced sales of Bitcoin at all. They still have that portfolio and that is the primary driver of the microstrategy price, not if a fund decides to divest a small percentage.
This is the game. So, don't worry about it too much.
想想加密货币。想想Solana。想想比特币。从MicroStrategy的角度想想。想想EOS。我是说，这太疯狂了。
Think about cryptocurrencies. Think of Solana. Think about Bitcoin. Think in terms of microstrategy. Think of EOS. I mean, it's wild.
你能快速对比一下MicroStrategy和Asset吗？可以，我会的。事实上，我在之前的一个视频里做过；我不太记得具体是什么时候了。
Can you do a quick comparison between MicroStrategy and Asset? Yes, I will. In fact, I did it in a previous video; I don't remember exactly when.
MicroStrategy当时以20%的折价交易。差距巨大。MicroStrategy？是的。我在熊市底部也买入了更多MicroStrategy的LEAPS期权。所以，我加仓了MicroStrategy。但我加仓的那部分，我可能也会退出。
MicroStrategy was trading at a 20% discount. A huge difference. MicroStrategy? Yes. I bought more leaps options on MicroStrategy at the bottom of the bear market as well. So, I added to my MicroStrategy stake.
But that portion I added, I'll probably exit as well.
观察点
这个频道对 $MSTR 的历次判断
InvestAnswers 在这只股票上共 7 条判断，这里只列相邻的几条。