比特幣，財政部，持有：公司淘金熱繼續

企業比特幣採用的新高度湧現。當不丹出售BTC時，MicroStrategy，Metaplanet甚至GameStop等其他實體正在迅速積累。這是新常態嗎？

Bitcoin, Treasury, Holdings: The Corporate Gold Rush Continues

比特幣，財政部，持有：公司淘金熱繼續

Corporate Bitcoin adoption is exploding! While Bhutan has been quietly selling, others are aggressively buying. Is this the new normal for corporate treasuries?

公司比特幣採用正在爆炸！儘管不丹一直在悄悄地銷售，但其他人則積極購買。這是公司國庫的新常態嗎？

Corporate Bitcoin Holdings Skyrocket

企業比特幣持有飆升

The second quarter of 2025 witnessed an unprecedented surge in corporate Bitcoin holdings. Companies added a record 159,107 BTC to their treasuries, valued at over $17.6 billion. Total corporate holdings now exceed 847,000 BTC, representing roughly 4% of Bitcoin's total supply. This milestone confirms Bitcoin's emergence as a mainstream corporate asset.

2025年第二季度見證了公司比特幣持有的空前激增。公司在國庫中增加了創紀錄的159,107 BTC，價值超過176億美元。目前，公司總持有量超過847,000 BTC，約佔比特幣總供應量的4％。這個里程碑證實了比特幣作為主流公司資產的出現。

Bitwise Asset Management data reveals a 23% quarter-over-quarter increase in holdings, with a valuation reaching $91 billion by the end of Q2. This surge isn't just about quantity; 46 new public firms entered the Bitcoin space, bringing the total to 125 – a 58% quarterly jump!

Bitwise Asset Management數據顯示，持股量增加了23％，到第二季度結束時，估值達到了910億美元。這種激增不僅涉及數量。 46家新的公共公司進入了比特幣空間，總計達到125 - 每季度跳高58％！

MicroStrategy Leads the Charge

微型濕法導致電荷

At the forefront of this corporate gold rush is MicroStrategy (MSTR), holding a staggering 597,325 BTC. Under the leadership of Bitcoin evangelist Michael Saylor, the company continues to aggressively acquire Bitcoin through convertible notes and ATM offerings. This strategy has propelled MSTR stock up 43% year-to-date, outperforming the S&P 500's 6.4% gain.

這家公司淘金熱的最前沿是MicroStrategy（MST），擁有驚人的597,325 BTC。在比特幣傳教士邁克爾·塞勒（Michael Saylor）的領導下，該公司繼續通過可轉換票據和ATM產品積極收購比特幣。該策略已推動MST的股票增長43％，超過了標準普爾500指數6.4％的增長。

Other companies are following suit. MARA Holdings (MARA) holds nearly 50,000 BTC, and its stock has also rallied. From Tokyo to Texas, new entrants are fueling the fire.

其他公司也效仿。 Mara Holdings（Mara）持有近50,000 BTC，其股票也集結了。從東京到德克薩斯州，新進入者正在加油。

Global Adoption: From Tokyo to Bhutan (and Back?)

全球採用：從東京到不丹（再回來？）

Japan's Metaplanet (JP:3350) has become the most traded stock on the Tokyo Stock Exchange as it builds a position north of 13,000 BTC. GameStop (GME) is the latest non-crypto-native name to secure 4,710 BTC. Trump Media is also seeking funding to ramp up its holdings. The London BTC Company is expanding its crypto reserves with new capital.

日本的Metaplanet（JP：3350）已成為東京證券交易所中交易最多的股票，因為它在13,000 BTC以北建立了位置。 GameStop（GME）是最新的非重點名稱，可保護4,710 BTC。特朗普媒體還在尋求資金來增加其持股。倫敦BTC公司正在通過新資本擴大其加密儲備。

However, not all governments are holding tight. The Royal Government of Bhutan recently dumped 213.16 BTC, capitalizing on Bitcoin's new all-time high of $112,050. While this move might seem counterintuitive, it's worth noting that Bhutan still holds a significant amount of Bitcoin in its treasury.

但是，並非所有政府都緊緊抓住。不丹皇家政府最近傾倒了213.16 BTC，利用了比特幣的新歷史最高高點112,050美元。儘管這一舉動似乎是違反直覺的，但值得注意的是，不丹在國庫中仍然擁有大量比特幣。

The Rise of Altcoin Treasuries

Altcoin國庫的興起

The trend isn't limited to Bitcoin. Companies are also exploring other digital assets for their treasuries. 10X Capital launched the BNB Treasury Company, focusing on BNB Chain ecosystem investments. Nano Labs acquired a substantial amount of BNB tokens, aiming to control a significant portion of the circulating supply. GameSquare allocated $100 million to an Ethereum treasury.

趨勢不僅限於比特幣。公司還正在探索其他數字資產的國庫。 10X Capital成立了BNB財政公司，重點關注BNB連鎖生態系統投資。 Nano Labs獲得了大量BNB令牌，旨在控制大部分循環供應。 GamesQuare向以太坊財政部分配了1億美元。

Final Thoughts: A New Era for Corporate Finance?

最終想法：公司融資的新時代？

The increasing adoption of Bitcoin and other cryptocurrencies by corporations signals a potential shift in how companies manage their treasury assets. While volatility remains a concern, the potential for returns and diversification is attracting significant interest. Whether this trend continues remains to be seen, but one thing is clear: Bitcoin is no longer just a fringe asset; it's a legitimate contender in the world of corporate finance.

公司對比特幣和其他加密貨幣的採用越來越多，這表明公司管理國庫資產的方式可能發生了變化。儘管波動性仍然是一個關注的問題，但回報的潛力和多元化引起了極大的興趣。這種趨勢是否繼續存在待觀察，但很明顯：比特幣不再只是附帶資產。這是公司融資界的合法競爭者。

So, is your company ready to join the Bitcoin gold rush? Or are you content to watch from the sidelines? Either way, it's going to be an interesting ride! Stay tuned, folks!

那麼，您的公司準備加入比特幣淘金熱嗎？還是您滿足於從場外觀看？無論哪種方式，這都是一個有趣的旅程！請繼續關注，伙計們！