-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師總結如下：由於比特幣價格下跌，MSTR報告2026年第一季營運虧損145億美元，但年初至今仍實現了9.4%的比特幣收益率，增持了63,410枚比特幣。該公司在第一季以平均每枚80,929美元的價格購入了89,599枚比特幣，投入了72.5億美元的資金，使其第一季比特幣總持有量達到762,099枚。 MSTR積極的比特幣累積策略持續推動其資產負債表的顯著擴張，截至5月3日，其比特幣總持有量已達818,334枚，以每枚75,537美元的成本計算，總價值達618.1億美元。該公司本季透過市場發行成功籌集了73.7億美元，其中包括53億美元的普通股銷售和20.7億美元的STRC優先股發行。比特幣持有量年增22%，資產負債表顯示擁有22.1億美元的現金及現金等價物、82億美元的長期債務和89.8億美元的A系列永續優先股，顯示該公司持續依賴資本市場為其比特幣儲備策略提供資金。
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