Odaily星球日报讯 MicroStrategy 创始人 Michael Saylor 在 X 平台发文称，今年迄今，MicroStrategy 的财务运营实现了 63.3%的比特币收益率，为股东带来了约 119,800 枚比特币的净收益。按每枚比特币 103,000 美元计算，迄今为止，这相当于 123 亿美元的年度收益，使 MicroStrategy 成为采用比特币标准中盈利最高、增长最快的公司。

MicroStrategy今年迄今已为股东带来约119800枚BTC净收益

Odaily Odaily News MicroStrategy founder Michael Saylor posted on the X platform that so far this year, MicroStrategy&#39;s financial operations have achieved a 63.3% bitcoin yield, bringing shareholders a net gain of approximately 119,800 bitcoins. Based on $103,000 per bitcoin, this is equivalent to $12.3 billion in annual revenue so far, making MicroStrategy the most profitable and fastest growing company using the Bitcoin standard.

MicroStrategy has brought shareholders a net gain of approximately 119,800 BTC so far this year

Odaily Planet Daily reported that after MicroStrategy purchased another 15,400 BTC, its founder Michael Saylor was interviewed by CNBC and talked about the volatility of Bitcoin. He jokingly said, "Bitcoin will rise to $180,000 and then fall to $140,000, and then people will panic again."

Michael Saylor: Bitcoin will rise to $180,000 and then fall to $140,000

22 listed companies have hoarded more than 1,000 bitcoins, and under the trend of listed companies hoarding bitcoins, MSTR's hoarding method has become a model.

Continue to increase BTC holdings! MSTR Capital Operations set off a wave of coin hoarding, with 22 listed companies holding more than 1,000 coins

Odaily Planet Daily News: Eli Pars, Co-Chief Investment Officer of Calamos Advisors LLC, is one of the buyers of the over $6 billion convertible notes sold by MicroStrategy this year, which were used to continuously expand its Bitcoin reserves. Like many other managers, Pars used these notes for market-neutral arbitrage bets, taking advantage of the underlying asset's violent fluctuations. "Convertible bonds are a way for the issuer to monetize stock volatility, and MicroStrategy is an extreme example," Pars said, with his firm holding over $130 million in MicroStrategy notes, employing both long and arbitrage strategies. Since October 31st alone, MicroStrategy has purchased about $13.5 billion in Bitcoin and issued $3 billion in zero-interest convertible notes, the company's fifth bond issuance this year. These low-interest long-term notes currently have an outstanding amount of over $7 billion, and can be converted into stocks if the share price rises above a certain level. Hedge funds are buying these notes to deploy their own convertible arbitrage strategies, with companies like AQR Capital Management and Man Group implementing such strategies elsewhere. This is one of the hottest strategies on Wall Street this year. "This trade is attractive because the implied volatility of the convertible bonds is far lower than the actual volatility or option-implied volatility," Pars said, noting that even in the convertible bond space, MicroStrategy presents a "very rare opportunity," especially considering the scale and volume of the issuance. MicroStrategy founder Michael Saylor stated in a CNBC interview: "Our job is to connect the traditional capital markets, which need bonds, fixed income, equities or options, and we are combining those markets with the crypto economy and using Bitcoin to do that." (Bloomberg)