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策略槓桿警示:當帳面損失達到3.6億USDD時,儘管Michael Saylor的聲明聽起來似乎非常「動聽」,但殘酷的事實是Strategy的虧損約為買入成本的12%。公司不斷發行新股和借款來收集比特幣,而在價格下跌的情況下,金融界開始擔心如果市場進一步下行,可能會「破產」。記者對Saylor提出的「借在哪裡」的問題,已成為對未來8.2億美元債務再融資可行性的一個警鐘。「謹慎行事,無需自責」,在公司股價在半年內已蒸發64%的價值之際,股東的信心正受到嚴峻考驗。散戶投資者必須保持高度警覺,不要因為看到「鯊魚」在積極收集籌碼就匆忙全押。如果比特幣陷入長期衰退,這種槓桿模式可能成為一張危險的多米諾骨牌,拖累整個市場。$BTC
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