$MSTR · InvestAnswers · 2026-10-26
MSTR 是加杠杆的比特币标的：比特币上涨时它跑赢，下跌时它跌得更狠。说话者批评 Saylor 买入 STRC 而非比特币、并稀释持有者份额，认为今年不会有回报，并预计约 0.92 倍的净值溢价要等比特币起飞后才会修复。
逐段跳播
MicroStrategy 下跌了5.7%。在这些货币当中，MicroStrategy 的表现是最好的。当比特币价格上涨时，MicroStrategy 的表现会更好；当比特币价格下跌时，MicroStrategy 的表现会跌得更惨。
MicroStrategy is down 5.7%. Among these currencies, MicroStrategy is the best performing. When the price of Bitcoin rises, MicroStrategy outperforms. When the price of Bitcoin falls, MicroStrategy's performance declines even worse.
萨尔瓦多上周没有减持，这至少是件好事，但它也没有买入任何比特币，反而继续购买自己的 STRC 单位。它想重振市场，但做不到。没人在意，根本没人关心，现在所有的钱都流向了 Strive 那个稍微更赚钱的产品。
El Salvador did not reduce its holdings last week , which is at least a positive thing, but it did not buy any Bitcoin. Instead, it continues to purchase its own STRC units. She is trying to revive the market, but she cannot.
Nobody cares. No one cares at all, and all the money now goes to Strive's slightly more profitable product.
我希望 Saylor，如果你能听到我说话，我一周会向你问候三次。别再买 STRC 了，你这是在浪费钱。买比特币，别再减持我们的仓位了。就等比特币起飞，到那时你就能恢复净资产价值溢价等等。
I wish that Saylor, if you can hear me, I would greet him three times a week. Stop buying STRC. You are wasting money. Buy Bitcoin and stop reducing our stakes. Just wait until Bitcoin takes off .
Then you will recover the net asset value premium, etc.
与此同时，Saylor 那个巨大的巨头，买的非常少。事实上，他在卖出，而且从年初到现在一直没有回报。
Meanwhile, Saylor, that huge giant, bought very little . In fact, he is selling and there has been no return since the beginning of the year until now.
我认为他们的净资产价值溢价大约在0.92，这接近这类公司通常的区间，也就是0.95和0.92，而且非常接近 MicroStrategy 的净资产价值溢价。
I think their net asset value premium is around 0.92, which is close to the usual range for these companies, where it is 0.95 and 0.92, and very close to MicroStrategy's net asset value premium.
这个频道对 $MSTR 的历次判断
InvestAnswers 在这只股票上共 15 条判断，这里只列相邻的几条。