Crypto Asset Manager Bitwise說，上市公司越來越多地投資比特幣（BTC）

Crypto Asset Manager Bitwise表示，公開交易的公司越來越多地投資比特幣（BTC），因為旗艦加密貨幣從投機投資轉變為更具戰略性的公司資產。

Crypto asset manager Bitwise says publicly traded companies are increasingly investing in Bitcoin (BTC) as the flagship cryptocurrency transitions from a speculative investment to a more strategic corporate asset.

Crypto Asset Manager Bitwise表示，公開交易的公司越來越多地投資比特幣（BTC），因為旗艦加密貨幣從投機投資轉變為更具戰略性的公司資產。

According to a new report by Bitwise, the aggregate Bitcoin holdings of corporate investors rose from 394,131 to 786,857 over a six-month period beginning November 15th, 2024 and ending May 15th, 2025.

根據Bitwise的一份新報告，從2024年11月15日開始，在六個月內，企業投資者的總比特幣持有從394,131升至786,857，並於2025年5月15日結束。

The increase in corporate BTC holdings over the six months is 392,726, or 196,363 BTC acquired per quarter.

在六個月中，公司BTC持有量的增加為392,726，或每季度獲得的196,363 BTC。

Using the data, Bitwise projected the amount of Bitcoin that public companies will likely accumulate over the next six quarters through the end of 2026. The model suggests that corporate investors will likely buy 98,181 BTC per quarter if Bitcoin adoption slows by half. Companies will purchase 196,363 BTC per quarter if the pace remains the same and 392,726 BTC per quarter if the adoption rate doubles, as per the model.

使用數據，Bitwise預測了上市公司可能會在2026年底之前在接下來的六個季度中積累的比特幣數量。該模型表明，如果比特幣的採用速度減少了一半，則公司投資者可能每季度購買98,181 BTC。如果速度保持不變，則公司將每季度購買196,363 BTC，如果採用率翻了一番，則每季度為392,726 BTC。

In the bull case scenario, public companies can hoard as much as 2.356 million BTC, which represents 11.22% of the total Bitcoin supply, or $259.395 billion based on Bitcoin’s current price of $110,100.

在公牛案的情況下，上市公司可以根據比特幣目前的110,100美元的價格，佔比特幣供應總額的11.22％，佔比特幣供應總額的11.22％，佔比特幣總供應總額的11.22％的11.22％。

The anticipated inflows in the bear and base case scenarios are 589,000 BTC and 1.178 million BTC, respectively.

預期的熊和基本案例方案的流入分別為589,000 BTC和117.8萬BTC。

Says Bitwise,

說咬，

“Collectively, these developments signal a new era of Bitcoin adoption in which public companies not only hold Bitcoin but design business models around it. Pioneered by Michael Saylor, the ‘Bitcoin Standard’ corporate playbook of reorienting excess cash into Bitcoin purchases and using a company’s capital structure to fund additional Bitcoin acquisition is becoming a repeatable model.

“總的來說，這些事態發展標誌著比特幣採用的新時代，在該時代中，上市公司不僅擁有比特幣，而且還圍繞其設計業務模型。邁克爾·塞勒（Michael Saylor）開創了'比特幣標準'公司企業劇本，將重新定位超額現金的重新定位到比特幣購買以及使用公司的資本結構來資本來籌集其他比特幣的收購成為重複的模型。

"As more companies adopt the Bitcoin Standard, it reinforces Bitcoin’s role as a corporate treasury asset and educates equity investors on its utility – driving broader institutional acceptance.”

“隨著越來越多的公司採用比特幣標準，它加強了比特幣作為公司財政部資產的作用，並教育了股票投資者的實用性 - 推動更廣泛的機構認可。”