比特幣，持有和優先股：解碼策略的大膽遊戲

戰略通過諸如Strc之類的優先股票產品來積累比特幣的創新方法正在重塑投資策略。

Bitcoin, Holdings, and Preferred Stock: Decoding Strategy's Bold Play

比特幣，持有和優先股：解碼策略的大膽遊戲

Strategy continues to make waves in the crypto world, aggressively expanding its Bitcoin holdings through innovative financial instruments. The latest move? A new preferred stock offering, STRC, designed to further fuel its Bitcoin acquisition strategy. Let's dive into what this means and why it matters.

戰略繼續在加密貨幣世界中引起轟動，通過創新的金融工具積極擴大其比特幣持有量。最新舉動？一種新的優先股產品STRC，旨在進一步推動其比特幣採集策略。讓我們深入了解這意味著什麼以及為什麼它至關重要。

Strategy's Bitcoin Bonanza

策略的比特幣大富翁

Strategy, led by Michael Saylor, has been on a Bitcoin buying spree. As of July 20, 2025, the company holds a staggering 607,770 BTC, acquired for approximately $43.61 billion. This significant accumulation underscores Strategy's conviction in Bitcoin as a long-term store of value and a key component of its balance sheet.

由邁克爾·塞勒（Michael Saylor）領導的策略一直在比特幣購買狂潮。截至2025年7月20日，該公司擁有驚人的607,770 BTC，以約436.1億美元的價格收購。這種重要的積累強調了比特幣中的策略的信念，是其資產負債表的長期存儲和關鍵組成部分。

The STRC Preferred Stock: A New Funding Avenue

Strc首選股票：新的資金大道

To finance its Bitcoin ambitions, Strategy is issuing a new preferred stock, STRC, also known as "Stretch." This follows previous offerings like STRK, STRD, and STRF. The STRC offering aims to convert investor capital into Bitcoin, supporting both working capital and further Bitcoin acquisitions. The key differentiator? A monthly dividend structure designed to appeal to investors seeking regular cash flow.

為了資助其比特幣的野心，戰略正在發行新的首選股票strc，也稱為“拉伸”。這之後遵循了諸如Strk，Strd和Strf之類的產品。 Strc提供的旨在將投資者資本轉換為比特幣，支持營運資金和更多比特幣收購。關鍵區別？每月股息結構，旨在吸引尋求常規現金流的投資者。

Decoding the Dividend Details

解碼股息詳細信息

The STRC preferred stock features a variable dividend rate, paid monthly, with a record date on the 15th and payout on the last day of each month. Early guidance suggested an annual rate of 9.5% if funded at $95, and 10% at $90. This monthly dividend structure is a key selling point, as emphasized by Michael Saylor, catering to investors who prioritize consistent income streams.

STRC首選股票具有可變的股息利率，每月支付，並在15日的記錄日期和每月的最後一天付款。早期指南建議，如果資金為95美元，每年的稅率為9.5％，為90美元的稅率為10％。邁克爾·塞勒（Michael Saylor）強調，這種每月的股息結構是一個關鍵的賣點，迎合了優先考慮一致收入來源的投資者。

Is it Genius or Brand Fatigue?

是天才還是品牌疲勞？

While Strategy executives are enthusiastic about STRC, the launch has sparked debate. Some critics question whether introducing yet another investment instrument dilutes the brand or represents a stroke of genius. However, the performance of previous preferred shares like STRK, STRF and STRD suggests investors are responding positively. STRK, for example, has delivered a 42% return since its launch in February, outperforming both Bitcoin and the S&P 500.

儘管戰略主管對Strc充滿熱情，但發射引發了辯論。一些批評家疑問，引入另一種投資工具是稀釋品牌還是代表天才的中風。但是，諸如Strk，Strf和Strd之類的先前優先股的績效表明，投資者正在做出積極反應。例如，自2月推出以來，Strk的回報率已經42％，表現優於比特幣和標準普爾500指數。

The Bigger Picture: Bitcoin's Enduring Appeal

大局：比特幣的持久吸引力

Strategy's aggressive Bitcoin strategy is part of a larger trend of institutions embracing Bitcoin. As governments grapple with currency devaluation and rising national debt, Bitcoin's scarcity and decentralized nature make it an increasingly attractive alternative. The United States itself is the largest known state holder of Bitcoin, signaling a shift in perception and acceptance.

策略的積極性比特幣戰略是包含比特幣的機構更大趨勢的一部分。隨著政府努力應對貨幣貶值和國家債務的上升，比特幣的稀缺性和分散性的性質使其成為越來越有吸引力的選擇。美國本身是比特幣最大的州持有人，表明了感知和接受的轉變。

A Note on Historical Context

關於歷史背景的註釋

It's important to remember that the allure of Bitcoin is rooted in a long history of monetary innovation. Throughout history, when governments have corrupted currencies, people have sought better alternatives. Bitcoin, with its limited supply and decentralized verification system, represents a modern solution to this age-old problem.

重要的是要記住，比特幣的魅力源於貨幣創新的悠久歷史。在整個歷史上，當政府破壞貨幣時，人們尋求更好的選擇。比特幣供應有限和分散驗證系統，代表了對這個古老問題的現代解決方案。

Final Thoughts

最後的想法

Strategy's continued investment in Bitcoin, financed in part by preferred stock offerings, underscores the growing institutional interest in cryptocurrency. Whether STRC proves to be a game-changer remains to be seen, but one thing is clear: the world of finance is constantly evolving, and Bitcoin is playing an increasingly prominent role. Now, if you'll excuse me, I'm off to see if I can find some spare change to invest... maybe in some preferred stock myself!

戰略對比特幣的持續投資，部分由優先股票產品提供，強調了加密貨幣的機構興趣不斷增長。 Strc是否被證明是改變遊戲規則的人，還有待觀察，但是有一件事很明顯：財務世界在不斷發展，比特幣扮演著越來越重要的角色。現在，如果您能原諒我，我要去看看是否可以找到一些備用的更改來投資...也許我自己有一些優先的股票！