jakiro
Rachel, Bitchain Vision Realm
In this round of bull market, micro -strategy has become an undoubted star company because of crazy buying Bitcoin.
At present, the purchase of Bitcoin’s purchase of Bitcoin can be briefly summarized as: the issuance of convertible corporate bonds to raise funds from the public, and then use the funds to buy Bitcoin as the company’s reserves.The company’s valuation rose and the stock price rose.
And this strategy is a win -win situation for the company and the creditors who purchase convertible bonds. The company’s valuation has a left foot stepping on the right foot to achieve a spiral rise, and the debtors should either keep the capital and obtain interestAfter the stock, enjoy the rise in stock prices.
The risk was transferred to the shareholders who later purchased micro -strategy stocks.As long as Bitcoin can continue to rise, this debt -issuing coin -buying strategy can always be executed.Since 2020, the micro -strategy of buying Bitcoin has also doubled by more than 20 times.
It was seeing the profits behind the micro -strategy issuing debt to buy coins that some companies followed suit.Most of these companies do not have the main business on the blockchain. Thanks to the business of buying Bitcoin, their stock price has also risen with the price of Bitcoin.
The stock price of micro -strategy -a amplifier of Bitcoin price
In 2020, Micro -strategy began to buy Bitcoin. He was also the first American listed company that integrated Bitcoin into reserve assets.
The first acquisition announced by Micro Policy includes about 21,000 BTCs, worth more than $ 250 million, and the price of Bitcoin at that time was less than $ 10,000.
Initially, it adopted the method of cash purchase, and then turned to the use of issuance and sale of stocks and convertible bonds to raise funds.
The current Bitcoin holdings of Micro -strategy have exceeded 380,000. The most recently bought Bitcoin with a total price of about $ 5.4 billion at the average price of $ 97,862 per/USA.
Micro -strategy was originally a smart software company. With the buying Bitcoin, its company’s image became a Bitcoin “shadow company”.From October 2000 to September 2020, the stock price of Micro -strategy remained below $ 20 per share.With its continuous purchase of Bitcoin, the rise and fall of its stock price began to break away from its own business, but became Bitcoin concept stocks.
Thanks to the strategy of actively buying Bitcoin in recent years, the stock price of WeChat strategy has soared more than 20 times from 2020.The stock price of micro -strategy has become a amplifier of Bitcoin currency prices, and its increase in recent years has far exceeded Bitcoin.
Micro -strategic mode disassembly
In the early years, micro -strategy used cash to purchase bitcoins directly, and now it is issued to buy convertible bonds to buy Bitcoin.The process and principle of micro -strategy issuance to buy Bitcoin and then sell stocks are as follows:
I. Issuance convertible bonds: Micro -strategic selection of private equity issuers to qualified institutions to issue convertible priority notes to raise funds.
2. Attract investors to buy convertible bonds: Although the interest rate of micro -strategy convertible bond tickets is low and the conversion price is high, it is still attractive to some investors. The reason is as follows:
a. Low risk: Even if the expiration is not changed, investors can get back the principal, unless micro -strategy fails.
b. The value of selection: Investors have the right to choose from six years. Once micro -strategic stock price rises to the agreed price, it can execute stock exchange. From the perspective of the selection market, the cost is lower.
3. Use funds to purchase Bitcoin: Micro -strategy will be used to issue funds raised by the issuance of convertible bonds to purchase Bitcoin, which will continue to increase its bitcoin positions.
4. Selling stocks: When the price of Bitcoin falls, micro -strategy may respond by selling stocks.On the one hand, stock sales can provide additional funds for the company to meet the debt repayment or other capital needs to maintain the company’s financial stability; on the other hand, by regulating the holdings of stocks and Bitcoin, balanced asset allocation, reducing the allocation of assets, reducingThe risk brought by the price fluctuation of Bitcoin.
Fifth, the synergy and influence of the overall strategy:
a. Stock-coin relationship: The stock premium is issued to purchase Bitcoin to promote the rise in Bitcoin, thereby increasing the company’s net assets and income per share, forming a positive cycle.In addition, the financing of financing has accelerated the growth rate of profit, the valuation multiple expands, prompting the stock price to grow from linearity to index level jump, and market value and stock price increases more than the price of Bitcoin itself.
b. Stock-debt relationship: The market value of micro-strategy has risen, promoting it to enter more indexes, increased transaction derivatives, increased transaction volume, and reduced the cost of financing and debt financing.Its convertible bond design is unique, and the options for conversion and cash repayment are in micro -strategies, which avoids the breach of contract caused by the expiration of convertible bonds. It essentially becomes a “bond and equal” tool for stock prices and shareholders’ friendship.
c. Currency-debt relationship: debt is denominated in the US dollar. The purchasing power of the currency-based position is zero, and the transfer of conditional initiative is in micro-strategy.As long as the price of Bitcoin rises, the company will have the opportunity to get rich returns, and the risks are controllable.
Study micro -strategy company
Just buying Bitcoin can make the stock price turn 20 times, countless companies are jealous, and they have also learned micro -strategy.
For these companies, the most direct influence in the short term is that although the company’s debt has increased, it also obtains a cash inflow, which helps relieve the company’s capital pressure.With the rise of Bitcoin, the value of Bitcoin assets held by the company has risen, and for listed companies, its stocks will also become encrypted concept stocks, and they have risen with the rise in encryption.
Especially in the second half of this year, listed companies have opened Bitcoin sweeping goods. The following are some companies that use Bitcoin as asset reserves:
Marathon Digital:
Like micro -strategy, this largest Bitcoin mining company in the world also issued convertible bonds to buy Bitcoin.
According to the statistics of HODL15Capital, as of November 15, 2024, Marathon Digital ranked first in the list of Bitcoin mining companies, which ranked first in the list of 27,562 Bitcoin.
In November 2024, it issued 1 billion convertible bonds. The company plans to use about $ 199 million of these income to repurchase $ 212 million in 2026 convertible bonds.The remaining funds will be used for Bitcoin acquisitions and general companies, including potential strategic acquisitions, asset expansion and debt repayment.
The earliest purchase was in July 2024. At that time, the company purchased 2282 Bitcoin for $ 120 million, and then began to sell $ 250 million in private bonds to buy Bitcoin again.
Nilam Resources:
On March 25, 2024, NILAM Resources, a Golden Mine Company, is located in South America, announced that it plans to acquire a priority C -series stocks to acquire a $ 1.24800 Bitcoin worth about $ 1.7 billion.The main purpose of the transaction is to acquire a special purpose entity MindWave located in Mauritius, which holds a large number of digital assets including Bitcoin.These assets will be used as mortgages and are used for further investment in the company’s high -yield projects.The acquisition was reached by Nilam and Xyberdata LTD. signing the letter of intent (LOI), which is planned to be completed through equity replacement.NILAM believes that this measure will help them explore the digital asset market and expand financing channels.
Sos ltd .:
This is a Chinese company listed on the New York Stock Exchange with artificial intelligence and blockchain as its core technology. On November 27, 2024, it announced that its board of directors had approved a plan to invest 50 million US dollars to purchase Bitcoin (BTC).It aims to strengthen its blockchain industry layout.
Earlier, the company has laid out an encrypted mining company for many years.As early as 2020, SOS announced that it would cost about $ 20 million to purchase 14,238 Bitcoin mining machines and 1408 Ethereum mining machines; in 2023, SOS announced that it was launched at its Texas Custody Center.It has signed a custody agreement with Bitmain with a total number of custody mining machines with a total of 6,000 units, with a deadline for August 20, 2025.
In order to maximize the return on investment and reduce the risk of market fluctuations, SOS plans to adopt a variety of quantitative trading strategies of investment, transactions and arbitrage strategies to help the company achieve stable returns in the current market environment.Optimize investment portfolio.
Metaplanet:
This is an investment company in Japan. It mainly focuses on investment in high -tech and innovation fields, especially in terms of artificial intelligence, blockchain technology, and fintech. It has been launched.It announced on November 28, 2024 that it plans to raise up to 9.5 billion yen (about 62 million US dollars) funds through the subscription rights of new shares to accelerate the accumulation of Bitcoin.
Earlier this month, it also stated that it would issue a total of 1.75 billion yen (about 11.3 million US dollars) ordinary bonds (with guarantees), with an annual interest rate of 0.36%and a period of one year.The income will be used to buy Bitcoin.
Since April 2024, it has continuously accumulated Bitcoin and regards Bitcoin as its strategic financial reserve assets.Because of this line, it is called “Micros of Asia”.With the continuous purchase of Bitcoin, its stock price is the same as micro -strategy. As Bitcoin prices rise, it has risen.
Boya Interactive:
The company is a developer and operator of the chess and card game industry. It was established in 2004 and was listed on the Hong Kong Stock Exchange in 2013.It has purchased cryptocurrencies since 2023, including Bitcoin, Ethereum, USDT.When the price of Bitcoin exceeded $ 90,000 on November 12, 2024, Boya Interactive voluntarily disclosed the position of holding: the company held 2641 Bitcoin and 15,445 Ethereum, the total cost was about 143 million US dollars and 42.578 million US dollars, respectively, with an average cost of approximately approximately approximately about about about54,000 US dollars and $ 2756/ dollars.Fuying is nearly $ 100 million.
Tesla:
Since 2021, Tesla has continued to buy Bitcoin, and of course he will choose to sell.According to Arkham data, Tesla Bitcoin holds 1,1509.
Spacex:
It is reported that the company led by Elon Musk also holds Bitcoin, but the specific number has not yet been made public.It is estimated that SpaceX holds thousands of BTCs in its company’s vault.
Block.one:
EOS’s parent company, it is reported that it holds up to 140,000 Bitcoin, but the company’s actual bitcoin holdings and related investment details are not fully disclosed and transparent.
Block inc .:
A US payment company, the co -founder of its co -founder, announced that since April 2024, Block will take 10% of the gross profit of Bitcoin -related products to buy Bitcoin every month.The earliest purchase of Bitcoin began in October 2020. According to the BUYBITCOINWORLDWIDE website data, as of September 18, 2024, Block and Inc. held 8211 bitcoin.
Nexon co LTD:
A South Korean company specializing in video game creation.Bitcoin began in April 2021. It is reported that it cost about $ 100 million and purchased 1717 Bitcoin.
Blue Port InteractionThe
Hong Kong -listed game company Lanang Interactive has purchased cryptocurrencies many times since 2023.19.3808 bitcoin was purchased from June 30, 2023 to July 7, 2023, with a total value of about $ 590,000.Earlier between June 6 and June 15, it cost $ 650,000 to buy 24.8932 Bitcoin.On September 13, 2024, during the previous 12 months, the company purchased a total of 93.85 Bitcoin and spent $ 2.7 million.In November 2024, Blue Port Interactive announced the launch of a $ 15 million Bitcoin Network Ecological Investment Management Fund BTC NEXT.
Blue Port Interactive actively deployed web3, which has greatly related to the founder Wang Feng.
Ying the universe:
This is the parent company of the reflective app, which is listed in Hong Kong stocks.Its announcement announced in March 2024 that its board of directors has approved a budget of $ 100 million to buy cryptocurrencies on any supervision and licensed trading platform in the next five years.
Among these dollars, $ 60 million purchases Bitcoin, about $ 20 million to purchase Ethereum, and about $ 10 million each will be used to buy USDT and US dollars.
Guofu Innovation:
Guofu Innovation, a financial company listed in Hong Kong stocks, announced in August 2024 that the company has purchased a Bitcoin with a total value of 36 million Hong Kong dollars from March to August.
