微策略暫停比特幣購買,六周連續買入告終




策略似乎在上週暫停比特幣的累積
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該公司的股票估值接近周期低點,隨著指數排除的討論愈演愈烈。
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作者:[詹姆斯·范·斯特拉滕](https://www.coindesk.com/author/james-van-straten)
編輯:[斯蒂芬·阿爾費爾](https://www.coindesk.com/author/stephen-alpher)

2025年11月24日下午1:26

![MicroStrategy執行主席邁克爾·塞勒(Danny Nelson/CoinDesk)](https://www.coindesk.com/_next/image?url=https%3A%2F%2Fcdn.sanity.io%2Fimages%2Fs3y3vcno%2Fproduction%2Fd66c28dbeddf1c6982599b72d1bc711e00f296ed-1079×1079.jpg%3Fauto%3Dformat&w=3840&q=75)

重點:

* 策略似乎在上週未進行任何比特幣購買,結束了連續六週的購買紀錄。
* MSTR的股價比高峰下跌約70%,目前的淨資產價值倍數僅略高於1.16,是本周期的最低點。

策略(MSTR),作為最大的公開交易比特幣持有公司,上週似乎沒有增加其比特幣持倉。

執行主席邁克爾·塞勒通常會在每週日透過X平台預告購買,並在週一早上8點左右發佈具體細節。然而,本週卻沒有這樣的推文。

這標誌著自10月6日以來,連續六週的購買紀錄終止。

位於維吉尼亞州泰森斯角的公司持有649,870個比特幣,平均成本為每個74,433美元,根據[策略儀表板](https://www.strategy.com/purchases)顯示。

這一暫停發生在MSTR的股價約比歷史高點低70%的時候,其淨資產價值倍數(mNAV)略高於1,是目前周期中的最低水平。

該公司還面臨有關可能被排除在主要股指之外的市場討論,這一威脅足以引起塞勒上週的不滿。

週一早盤,隨著比特幣價格在週末小幅上升至86,200美元,MSTR的股價上漲了1.5%。

這篇報導揭示了策略公司在比特幣市場中的動態,特別是其暫停購買的決定背後的潛在原因。這不僅反映出公司對市場波動的敏感性,也顯示出當前經濟環境對其投資策略的影響。隨著比特幣價格的波動及市場對其未來的預測,策略公司的行動可能會成為其他機構投資者的風向標。

值得注意的是,這一暫停購買的決定可能會對市場情緒產生影響,尤其是在比特幣價格處於高位的情況下。隨著市場對比特幣的需求和供應的變化,其他大型投資者可能會重新評估他們的持倉策略,這可能會進一步影響比特幣的價格走勢。

總的來說,策略公司的動向不僅影響其自身的股價,還可能引發更廣泛的市場反應,投資者應密切關注未來的動態和市場情緒的變化。

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