[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcio5c3b12f1":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":77},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dcio5c3b12f1","最大买家变潜在卖家！摩根大通警告：Strategy(MSTR)策略转向为加密市场增添新变数","\u002Fdoc\u002Fdcio5c3b12f1","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">美股投资网获悉，摩根大通最新报告指出，Strategy(MSTR)近期调整比特币投资策略和融资模式，正在改变比特币市场供需格局。该行警告，这意味着全球最大的比特币企业买家之一未来也可能成为卖方，为加密货币市场带来新的不确定性。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">Strategy本周宣布对其比特币投资策略进行重大调整，未来将可根据需要出售部分比特币、回购证券并保留更多现金，以优化资产负债表。摩根大通指出，此举意味着Strategy不再只是比特币市场的重要买家，也可能成为卖方，从而为市场增添新的不确定性。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">报告指出，虽然提高现金储备有助于降低未来出售比特币的可能性，只有当Strategy拥有足以覆盖未来两至三年优先股股息支付的流动性后，投资者才会真正相信公司无需通过出售比特币筹集资金。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">作为比特币市场最重要的机构买家之一，Strategy政策调整具有重要影响。摩根大通数据显示，今年以来，Strategy累计买入约82亿美元比特币，占同期数字资产净流入规模约70%，目前持有的比特币约占全球总供应量的4.2%。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">摩根大通分析师Nikolaos Panigirtzoglou表示，由于Strategy估值与比特币价格高度相关，如果加密货币市场波动和不确定性上升，将压制公司估值，并提高其未来发行股票及债券融资、继续购买比特币的成本。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">本周一，Strategy公布新的资本管理框架，除扩大出售比特币权限外，还计划增加现金储备、回购部分证券，以应对近年来支撑公司持续增持比特币融资模式面临的压力。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">根据公司披露，目前现金储备已增至22.5亿美元，再加上获授权可出售约12.5亿美元比特币，公司现有流动性大致可覆盖两年多的优先股股息支出。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">市场对Strategy融资模式的担忧始于今年6月初。当时，公司披露出售32枚比特币，价值约250万美元。这是Strategy自2022年以来首次出售比特币，也打破了董事长兼联合创始人塞勒长期坚持“只买不卖”的市场预期，并引发比特币持续回调，价格一度较去年底创下的历史高点回落逾50%。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">不过，自本周宣布融资模式调整以来，Strategy股价已累计反弹约20%，但过去一年仍累计下跌约75%。与此同时，公司旗下Stretch(STRC)优先股价格也有所回升，但目前仍低于100美元的票面价值，意味着公司暂时难以通过发行更多优先股，以较低成本继续筹资购买比特币。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">受美国6月就业数据弱于预期提振，市场对美联储短期内进一步加息的预期降温，比特币周四连续第二个交易日上涨，盘中一度上涨超3%，至62200美元。分析人士认为，利率预期回落通常有利于包括加密货币在内的高风险资产表现。\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">最专业的美股资讯,推荐美股大数据 \u003Ca 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buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 StockWe.com 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理千万级股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，精准买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":78,"search":79,"searchPlaceholder":79,"hotContent":80,"draft":81,"noData":82,"searchNoData":83,"edit":84,"editVideo":85,"courseContent":86,"more":87,"buyNow":88,"subscribeNow":89,"encoding":90,"paidContent":91},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","编辑","编辑视频","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]