比特幣產量：為什麼對機構投資者很重要？

隨著比特幣採用的越來越多，問題不斷受到詢問，機構是否僅購買BTC以賺取其持股量。

With the growing adoption of Bitcoin (BTC), the question is constantly being asked whether institutions are only buying BTC to earn yield over their holdings. Some known firms like Strategy (earlier MicroStrategy) and Metaplanet have bought Bitcoin worth billions of dollars and are now earning appreciable yield on their number of holdings.

隨著比特幣（BTC）的越來越多的採用，不斷詢問這個問題是否僅在購買BTC以賺取其股份的收益率。一些已知的公司，例如戰略（較早的MicroStrategy）和Metaplanet購買了價值數十億美元的比特幣，現在他們的持股數量可獲得可觀的收益。

But to understand this, let’s first deep dive into what yield is and why it is attracting investors to earn passive income, which is driving investment in Bitcoin at a wider level.

但是要理解這一點，讓我們首先深入了解什麼是收益率以及為什麼它吸引投資者賺取被動收入，這在更廣泛的水平上推動了對比特幣的投資。

What is Bitcoin yield?

什麼是比特幣產量？

In simple words, Bitcoin yield refers to income or the returns generated by holding BTC through various financial strategies or mechanisms without necessarily selling it.

簡而言之，比特幣收益率是指通過各種財務策略或機制持有BTC所產生的收入或收益，而無需出售。

Unlike traditional assets such as stocks and bonds that may pay dividends or interest, Bitcoin itself doesn’t inherently produce yield as it is a decentralized cryptocurrency with no built- in cash flow.

與可能支付紅利或利息的股票和債券之類的傳統資產不同，比特幣本身並沒有固有地產生收益率，因為它是一個分散的加密貨幣，沒有現金流。

Yet innovative financial products and protocols have emerged to enable Bitcoin investors to earn yield.

然而，創新的金融產品和協議已經出現，以使比特幣投資者能夠賺取收益。

The primary ways to earn yield on Bitcoin

賺取比特幣產量的主要方式

After crypto turned their path towards the mainstream market several ways evolved to earn additional on the crypto held in terms of Bitcoin lending, staking, liquid staking and wrapped Bitcoin, yield farming and liquidity provision.

加密之後，就比特幣貸款，堆放，液體堆積和包裝比特幣，產生養殖和流動性提供的加密貨幣，以多種方式發展出了幾種發展的方式。

Why does yield matter for big holders?

為什麼收益率對大持有人很重要？

For institutions, hedge funds, corporations and asset managers now Bitcoin is not just a speculative investment vehicle but a store of value.

對於機構，對沖基金，公司和資產經理現在比特幣不僅是投機性投資工具，而且是價值存儲。

Yield strategy improves capital efficiency by giving holders the opportunity to earn income while still being exposed to the price growth of Bitcoin. The demand for yield, centralized and decentralized financial innovations, have been fueled by more than $110 billion in spot Bitcoin ETFs and billions more in corporate treasuries.

收益策略通過使持有人有機會賺取收入的機會，同時仍處於比特幣價格增長的同時，提高了資本效率。對收益率，集中和分散的金融創新的需求得到了超過1,100億美元的現貨比特幣ETF的需求，而公司國庫的需求則增加了數十億美元。

Since institutional adoption of Bitcoin is increasing and its price reached $112,509.65 in May 2025, the ability to earn returns on BTC holdings makes it more appealing for diverse portfolios.

由於比特幣的機構採用正在增加，其價格在2025年5月達到了112,509.65美元，因此在BTC持有率上獲得回報的能力使其對多樣化的投資組合更具吸引力。

The yield on Bitcoin can be used as a substitute source of income in a world where bond yields are declining. The yield on Bitcoin is seen by some institutional investors as a possible hedge or addition to conventional fixed-income assets.

在債券收益率下降的世界中，比特幣的收益量可以用作替代收入來源。一些機構投資者將比特幣的收益視為傳統固定收益資產的可能性或增加。

It adheres to contemporary investment concepts of income production, diversification, and capital efficiency, Bitcoin yield is significant to large holders. It is evolving from a speculative asset to a strategic, income-bearing tool in professional portfolios as yield potential matures.

它遵守當代收入生產，多元化和資本效率的當代投資概念，比特幣收益率對大型持有人很重要。它正在從投機資產發展為專業投資組合中的戰略性收入工具，作為收益率潛在的成熟。

Conclusion

結論

For institutional investors, BTC yield is more than simply a bonus; it’s a strategic requirement. Giant holders can maximize their earnings, protect themselves from volatility, and diversify their revenue streams by turning Bitcoin from a passive store of value into an income-generating asset.

對於機構投資者而言，BTC收益不僅僅是一種獎勵。這是一個戰略要求。巨型持有人可以通過將比特幣從被動的價值存儲轉變為創收的資產，從而最大程度地提高收入，保護自己免受波動的影響並使收入流多樣化。

The yield potential of Bitcoin will probably become even more significant in terms of institutional and mainstream usage as cutting-edge financial instruments continue to grow.

隨著尖端金融工具的不斷增長，比特幣的收益潛力可能會變得更加重要。