#加密概念美股 MicroStrategy(MSTR): Bitcoin Holding Company

This business intelligence company has transformed into a "Bitcoin ETF alternative," holding 205,000 BTC (worth $15 billion). Unique capital operation model: financing low-cost increases through convertible bonds, average cost of $32,000 per coin. Launching SaaS business Bitcoin mortgage lending service in 2024, with an annual interest rate of 9%. The stock price has a correlation to Bitcoin of 0.95, but there is a 30% premium, reflecting the market's enthusiasm for its "leveraged Bitcoin exposure." The risk lies in the potential for a Margin Call if Bitcoin crashes.