策略宣称能在$8K 比特币崩盘中存活——堡垒资产负债表维持牛市前景

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策略表示,即使比特币跌至8000美元,也能维持其债务义务,凸显公司积极的资产积累策略和坚实的资产负债表,在应对波动的同时增强对其以加密货币为重的财库模型的长期信心。

策略宣布8000美元比特币可存活——坚实的资产负债表支撑长期乐观

全球最大比特币财库公司Strategy Inc.(纳斯达克:MSTR)于2月15日在社交平台X上表示,尽管比特币价格可能下跌至8000美元,公司仍有足够的资产完全覆盖其未偿债务。

公司写道:

“Strategy能够承受比特币价格下跌至8000美元的压力,仍然拥有足够的资产完全覆盖我们的债务。”

公司详细说明:“可转换债券具有分期到期和提前赎回日期,期限在2027年至2032年之间。Strategy计划逐步将现有可转换债转为股权,避免发行额外的高级债务。”

一张配图显示,在比特币价格为69000美元时,Strategy持有约493亿美元的比特币储备,对应60亿美元的净债务,覆盖比率为8.3倍。在极端的88%下跌至8000美元时,图示显示储备仍约为60亿美元,等同于净债务,覆盖比率为1.0倍。

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在上周的CNBC采访中,Strategy首席执行官Phong Le谈及公司170亿美元的未实现季度亏损,并阐述何时可能考虑出售比特币。“我的信息是坚持持有。我们过去经历过比特币的下跌,”他强调曾经的50%到75%的下跌。他将亏损描述为市值会计的影响,而非现金短缺,表示:“这是GAAP亏损。”Le补充说:

“如果比特币价格持续五年在8000美元左右,也许我们会开始考虑是否需要出售比特币,但GAAP亏损并不是我们关心的问题。”

他指出公司拥有约22.5亿美元的现金和10%到12%的杠杆,形容Strategy的财务状况为“堡垒式资产负债表”,而执行董事长Michael Saylor则重申了长期积累的策略。

常见问答

  • 如果比特币跌至8000美元,Strategy能否偿还债务?

是的,Strategy表示其比特币储备在该价格下仍能匹配其60亿美元的净债务。

  • Strategy在69000美元时的比特币覆盖比率是多少?

在每比特币69000美元时,Strategy报告其净债务的覆盖比率为8.3倍。

  • 为什么Strategy报告了170亿美元的季度亏损?

亏损被描述为GAAP市值会计的影响,而非现金短缺。

  • Strategy何时可能考虑出售比特币?

首席执行官Phong Le表示,若价格持续五年在8000美元左右,可能会促使公司考虑这一问题。

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