Strategy (Bitcoin DAT)

Na mokanda oyo, tosilá kolobela ba bases: bomba marge ya sécurité, poná ETF, investir sanza na sanza, panique te. Soki olingi kokende mosika koleka, bakisa Bitcoin moke.

Kasi etape moko mosusu ezali. Soki ondimi ete Bitcoin ekokoba kokola, entreprise moko ezali oyo ekopesa yo hausse ya monene koleka kosimba Bitcoin directement. Ebengi Strategy.

Oyo nde nasalaka. Ezali te oyo moto nyonso asengeli kosala.

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Strategy ezali nini?

Strategy ebandaki na 1989 lokola entreprise ya logiciel ya ennuyeux oyo ebengamaki MicroStrategy. Mbula 30, moto moko te atyelaki yango likebi.

Na 2020, CEO — Michael Saylor — asalaki likambo ya makasi. Azwaki $250 million ya mbongo ya entreprise mpe asombaki Bitcoin na yango.

Mpe akobaki. Amonaki ba nzela ya kozwa mbongo mingi — koteka ba actions ya sika, kobimisa ba obligations — mpe asalelaki nyonso mpo na kosomba Bitcoin mingi koleka.

Lelo, Strategy esimbi koleka 818,000 Bitcoin. Yango eleki 5% ya Bitcoin nyonso oyo ekozala, mpe koleka 60% ya Bitcoin nyonso oyo ba entreprises cotées esimbi.

Ba entreprises ya boye ebengi Digital Asset Treasury Stocks, to DATs — ba entreprises oyo esimbi Bitcoin mingi na bilan na yango. Strategy nde ya monene koleka nyonso.

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flywheel

Tala nini esalaka Strategy ekesana na kosomba Bitcoin yo moko:

1. Strategy esombi Bitcoin
2. Bitcoin emati → action ya Strategy emati
3. Strategy eteki ba actions ya sika to ba produits na ntalo ya likolo → ezwi mbongo mingi
4. Mbongo yango esombi Bitcoin mingi koleka → tozongeli étape 1

Ezali boucle oyo emesanaka yango moko. Na cycle moko na moko, Strategy esimbi Bitcoin mingi mpo na action moko na moko. Investissement na yo ekolaka noki koleka Bitcoin yango moko.

Oyo nde bato mingi basosolá naino te. Bamonaka action. Oyo bazali penza kosomba ezali machine ya intérêts composés.

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Mpo na nini ekoki koleka Bitcoin mingi

Marché ya ba actions evaluaka Strategy kaka na ntalo ya Bitcoin na yango te. Ebakisaka prime na likolo — mpo marché ezelaka kozela ete Strategy ekokoba kosomba.

Prime oyo ebengi mNAV multiple. Soki Strategy esimbi $50 billion ya Bitcoin kasi marché ya ba actions eevalui entreprise na $100 billion, mNAV ezali 2x.

Na ntango ya marché ya hausse, multiple oyo ekoki komata tii na 3x to koleka. Yango elingi koloba action emati noki koleka Bitcoin yango moko.

Na ntango ya marché ya baisse, ekitaka na 1x — yango wana action ekoki pe kokita makasi koleka.

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Bitcoin na yo ekolaka kozanga kosomba lisusu

Strategy esuilaka eloko oyo ebengi BTC Yield — ndenge Bitcoin oyo ezali nsima ya action moko na moko ekolaka na ntango.

Na 2026, nombre yango ezali 9.6% tii sikoyo. Elingi koloba: soki osombaki action moko na ebandeli ya mbula, Bitcoin oyo esimbaka action na yo ekolá na 9.6% — kozanga ete obimisa mbongo mosusu.

Ntango osimbi Bitcoin kaka na portefeuille, quantité etikalaka kaka ndenge moko. Na Strategy, part na yo ya Bitcoin ekobaka kokola.

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Michael Saylor azali nani?

Saylor azali ingénieur mpe entrepreneur oyo asalaki fortune na ye ya liboso na logiciel. Azali koyekola Bitcoin banda 2020 mpe akomi défenseur na ye ya makasi koleka na mokili ya ba entreprises.

Alobaka kaka te — abeti nyonso. Atiaki entreprise na ye mobimba, réputation na ye, mpe bozwi na ye ya personnel na idée ete Bitcoin ekokoma réserve principale ya valeur na mokili.

Prévision na ye ya mbula 21 mpo na Bitcoin tii 2045:

Ata cas ya mabe ezali mbala 30 koleka ntalo ya lelo. Yango nde niveau ya conviction oyo ezali nsima ya Strategy.

Azali na solo? Moto moko te ayebi. Kasi kososola thèse na ye esalisaka kososola mpo na nini Strategy ezali mpe mpo na nini ekobaka kosomba.

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Ezali malamu mingi mpo na kozala ya solo?

Bato bamonaka entreprise oyo etekaka ba actions mingi mpe epesaka taux ya intérêt oyo emonanaka ya likolo mingi. Critique ya mingi koleka: "Bakobaka koteka ba actions — yango ediluaka ba investisseurs oyo bazali."

Emonanaka logique, kasi ezali malendu. Strategy etekaka ba actions ya sika kaka ntango action eteki na prime likolo ya Bitcoin oyo esimbi. Yango elingi koloba action ya sika moko na moko oyo eteki ebakisaka Bitcoin mpo na action moko na moko oyo ezali. Ezali accrétion, dilution te.

Risque ezali? Iyo. Soki Bitcoin ekiti na zéro, Strategy pe ekiti na zéro. Kasi koteka ba actions ezali risque te — ezali moteur.

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Nini ezali ya kozwa?

Ba mouvements ya monene esalamaka na ngambo mibale. Ntango Bitcoin ekiti 20%, Strategy ekoki kokita 30-40%. flywheel esalaka na sens inverse pe.

Récompense monene, risque monene. Yango nde marché.

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Bonus: ba taxes mpe facilité

Na ba pays mingi ya Europe, crypto efutisaka impôt ya likolo koleka ba actions. Kosimba Bitcoin na nzela ya Strategy, mbala mingi ofutaka impôt ya moke na ba gains na yo. Ekesanaka na pays, kasi na ba cas mingi ezali avantage ya solo.

Mpe osombaka yango lokola action nyonso mosusu. Portefeuille te, seed phrase te, échange ya crypto te.

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Ba nombres

Strategy ebimisaka ba chiffres oyo nyonso en direct na strategy.com. Okoki kolanda ba avoirs ya Bitcoin, BTC Yield mpe biloko nyonso mosusu na temps réel.

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Ba nzela mibale ya ko-investir na Strategy

Strategy epesi yo ba options mibale — ekeseni mingi na yango na yango:

• MSTR — action principale. Emati mpe ekiti na Bitcoin, kasi na amplification. Mpo na bato oyo balingi croissance mpe bakoki koyika ba fluctuations ya monene.
• STRC — action spéciale oyo efutaka yo 11.5% na mbula. Etikalaka pene ya $100. Mpo na bato oyo balingi revenu ya stable.

Tótala moko na moko.