比特幣國庫和可轉換債券：公司BTC持有的新時代？

探索建立由可轉換債券資助的公司建立比特幣國庫的公司的上升趨勢，以及對加密貨幣市場的影響。深入研究BTC持有。

The game is changing in the world of corporate finance, folks. Companies are increasingly looking at Bitcoin (BTC) not just as a speculative asset, but as a legitimate part of their treasury. And guess what's fueling this trend? Convertible bonds. Let's dive in.

伙計們，該遊戲在企業金融界正在發生變化。公司越來越多地將比特幣（BTC）視為投機性資產，而且是財政部的合法部分。猜猜是什麼促進了這一趨勢？可轉換債券。讓我們潛水。

The Rise of Bitcoin Treasuries

比特幣國庫的興起

Forget gold bars in a vault; the cool kids are stocking up on Bitcoin. We're seeing more and more companies allocate a portion of their treasury to BTC, signaling a significant shift in how businesses perceive digital assets. Mercurity Fintech Holding, for example, plans to raise a whopping $800 million to establish a long-term Bitcoin treasury reserve. That's enough to buy a serious chunk of BTC!

忘記金庫中的金條；很酷的孩子們在比特幣上庫存。我們看到越來越多的公司將其部分財政部分配給BTC，這表明企業對數字資產的看法發生了重大變化。例如，Mercurity Fintech Holding計劃籌集高達8億美元的資金，以建立長期的比特幣國庫券。足以購買一大塊BTC！

But they aren't alone, as of June 2025, at least 223 public companies are now holding Bitcoin as part of their corporate treasuries, and over 819,000 BTC, representing 3.9% of the total supply, is now held in public company treasuries, according to data from BitcoinTreasuries.NET.

但是，截至2025年6月，他們並不孤單，至少有223家上市公司現在持有比特幣作為公司國庫的一部分，而BTC的總供應量為819,000多個BTC現在在上市公司的國庫中持有，佔總供應的3.9％。

Convertible Bonds: The Secret Sauce

可轉換債券：秘密調味料

So, how are these companies funding their Bitcoin binges? Enter convertible bonds. The Blockchain Group, a European Bitcoin treasury company, recently expanded its BTC holdings by acquiring 182 Bitcoins. The kicker? This acquisition was financed through convertible bond issuances amounting to approximately €18 million. Smart, right?

那麼，這些公司如何資助其比特幣碎片？輸入可轉換債券。歐洲比特幣國庫公司Blockchain Group最近通過收購182個比特幣擴​​大了BTC持有量。踢球？此次收購是通過可兌換債券發行的大約1800萬歐元來資助的。聰明，對嗎？

The Blockchain Group: A Case Study

區塊鏈組：案例研究

Let's talk numbers. The Blockchain Group isn't just dipping its toes in the water; it's diving headfirst. Their BTC yield in 2025 is a staggering 1,173.2%, translating to a quarterly yield of 57.2%. That's not pocket change, folks. They've increased their Bitcoin holdings significantly this year, with a BTC gain of over $50.6 million in 2025 alone.

讓我們談談數字。區塊鏈組不僅將其腳趾浸入水中。首先是潛水。他們在2025年的BTC產量是驚人的1,173.2％，轉化為季度收益率為57.2％。伙計們，那不是零錢。他們今年已經大大增加了比特幣持有量，僅在2025年，BTC的增長超過50060萬美元。

This company isn't an outlier, Metaplanet, a Japan-based firm, has actively issued bonds to purchase Bitcoin, and exceeded its year-end target by securing 10,000 Bitcoin in just six months, thanks to its recent acquisition of 1,112 BTC.

該公司不是一家位於日本的公司Metaplanet的異常值，它已經積極發行了購買比特幣的債券，並通過在短短六個月內獲得10,000比特幣，超出了其年終目標，這要歸功於其最近收購的1,112 BTC。

ETFs: The Mainstream Stamp of Approval

ETF：批准的主流郵票

Adding fuel to the fire, Bitcoin ETFs are seeing strong inflows. As of June 2025, total holdings exceed 1.2 million BTC, equivalent to over $132 billion. BlackRock’s IBIT leads the pack, holding a massive 662,571 BTC. This mainstream adoption further validates Bitcoin as a legitimate asset class.

為火災增加燃料，比特幣ETF看到了強勁的流入。截至2025年6月，總持股超過120萬BTC，相當於超過1320億美元。貝萊德（BlackRock）的ibit領先，持有662,571 BTC。這種主流採用進一步驗證了比特幣為合法資產類別。

What Does This Mean for the Future?

這對未來意味著什麼？

The trend of companies using convertible bonds to build Bitcoin treasuries is likely to continue. It's a savvy way to diversify assets, potentially generate significant returns, and position themselves at the forefront of the digital finance revolution. Think of it as a high-stakes game of corporate chess, where Bitcoin is the king.

使用可轉換債券建造比特幣國庫的公司的趨勢可能會繼續下去。這是使資產多樣化，可能產生大量回報並將自己定位在數字金融革命的最前沿的一種精明的方式。將其視為公司國際象棋的高風險遊戲，比特幣是國王。

My take? While there are risks involved (volatility, regulatory uncertainty, etc.), the potential rewards are too significant to ignore. Companies that strategically allocate to Bitcoin could see substantial gains in the long run. However, it's crucial to do your homework and understand the risks before jumping on the bandwagon.

我的看法？儘管涉及風險（波動性，監管不確定性等），但潛在的獎勵太顯著而無法忽略。從長遠來看，從戰略上分配給比特幣的公司可以看到可觀的收益。但是，在跳上潮流之前，要做功課並了解風險至關重要。

Final Thoughts

最後的想法

So, there you have it. Bitcoin treasuries, funded by convertible bonds, are the new black in corporate finance. It's a bold move, but one that could pay off handsomely. Will your company be next? Only time will tell. But one thing's for sure: the world of finance is getting a whole lot more interesting, and possibly more profitable, thanks to Bitcoin.

所以，你有。由可轉換債券資助的比特幣國庫是公司融資的新黑人。這是一個大膽的舉動，但可以很好地回報。貴公司將是下一個嗎？只有時間會證明。但是可以肯定的是：由於比特幣，財務世界變得更加有趣，並且可能更有利可圖。