策略，比特幣，公司國庫：數字金融的新時代

從GameStop的戰略收益到Sora Ventures的開創性$ 1B基金，探索公司比特幣國庫的不斷發展的景觀。

Strategy, Bitcoin, Corporate Treasuries: A New Era of Digital Finance

策略，比特幣，公司國庫：數字金融的新時代

Corporate treasuries are increasingly eyeing Bitcoin (BTC) as a strategic asset. This trend, marked by both successes and challenges, signals a shift in how companies perceive and utilize digital currencies.

公司國庫越來越關注比特幣（BTC）作為一種戰略資產。這一趨勢以成功和挑戰的標誌，這表明公司對數字貨幣的看法和利用數字貨幣的方式發生了變化。

GameStop's Bitcoin Bet: A Winning Strategy?

GameStop的比特幣押注：勝利策略？

GameStop's Q2 results in 2025 showcased the potential benefits of integrating Bitcoin into corporate strategy. The company's $528.6 million Bitcoin holdings generated $28.6 million in unrealized gains, contributing to stronger sales and improved cost controls. This move mirrors MicroStrategy's playbook, using both debt and equity to expand its Bitcoin holdings. While the long-term stability of this strategy remains to be seen, it underscores the growing acceptance of Bitcoin as a key component of corporate financial planning.

GameStop在2025年的第二季度結果展示了將比特幣納入公司戰略的潛在好處。該公司的5.286億美元比特幣持有量產生了2860萬美元的未實現收益，促進了更強勁的銷售和改善的成本控制。此舉反映了Microstrategy的劇本，同時使用債務和權益來擴大其比特幣持有量。儘管該策略的長期穩定性仍然有待觀察，但它突顯了比特幣作為公司財務計劃的關鍵組成部分的越來越多。

Sora Ventures' Bold Move: A $1 Billion Bitcoin Treasury Fund

Sora Ventures的大膽舉動：10億美元的比特幣國庫基金

Sora Ventures launched Asia's first $1 billion Bitcoin treasury fund in September 2025, signaling a pivotal moment for institutional Bitcoin adoption in the region. With $200 million in initial commitments, the fund aims to purchase $1 billion in Bitcoin within six months. This initiative streamlines Bitcoin treasury strategies by offering shared resources, expertise, and regulatory support. By supporting companies in Japan, Hong Kong, South Korea, and Thailand, Sora Ventures is amplifying the success of early adopters and encouraging broader institutional participation.

Sora Ventures於2025年9月啟動了亞洲首個10億美元的比特幣國庫基金，這表明該地區採用機構比特幣的關鍵時刻。該基金以2億美元的最初承諾為目標，目的是在六個月內購買10億美元的比特幣。該計劃通過提供共享的資源，專業知識和監管支持來簡化比特幣國庫策略。通過支持日本，香港，韓國和泰國的公司，Sora Ventures正在擴大早期採用者的成功並鼓勵更廣泛的機構參與。

The Rise of Bitcoin-Heavy Companies and Index Repercussions

比特幣繁重的公司和指數影響的興起

The increasing inclusion of companies with significant Bitcoin holdings in major benchmarks like the Nasdaq 100 and MSCI indices has quietly given Bitcoin exposure to retail and institutional portfolios. However, recent decisions, such as the S&P 500's snub of Strategy, indicate potential limits to this trend. Concerns about share prices and fundraising volumes are prompting index providers to rethink their inclusion criteria, potentially favoring crypto companies with operating businesses over pure Bitcoin-holding vehicles.

在納斯達克100和MSCI指數（MSCI指數）等主要基準中擁有大量比特幣持有的公司的越來越多，已悄悄地將比特幣暴露於零售和機構投資組合中。但是，最近的決定，例如標準普爾500指數的戰略，表明了這一趨勢的潛在限制。對股票價格和籌款量的擔憂是促使指數提供商重新考慮其包容性標準，有可能利用具有經營企業的加密貨幣公司而不是純淨的比特幣持有車輛。

Market Dynamics and Future Outlook

市場動態和未來前景

The cryptocurrency market is currently experiencing significant upward momentum, driven by cooling inflation data and expectations of Federal Reserve rate cuts. Bitcoin's price has surged above $114,000, with other cryptocurrencies like Ethereum, XRP, and Dogecoin also seeing gains. Sora Ventures' $1 billion Bitcoin treasury fund could further influence Bitcoin's price dynamics, potentially acquiring between 13,300 and 18,200 Bitcoin within six months.

加密貨幣市場目前正經歷著巨大的向上勢頭，這是由冷卻通貨膨脹數據和對美聯儲降低速度的期望驅動的。比特幣的價格飆升了114,000美元，其他加密貨幣（例如以太坊，XRP和Dogecoin）也看到了收益。 Sora Ventures的10億美元比特幣國庫基金可能會進一步影響比特幣的價格動態，六個月內有可能在13,300至18,200位比特幣之間獲得。

Navigating the Bitcoin Treasury Landscape

導航比特幣國庫景觀

While the integration of Bitcoin into corporate treasuries presents exciting opportunities, it's essential to navigate the landscape carefully. Companies must consider regulatory compliance, tax planning, and market volatility. As the trend evolves, staying informed and adaptable will be key to unlocking the full potential of Bitcoin as a strategic corporate asset.

儘管將比特幣整合到公司國庫中帶來了令人興奮的機會，但仔細瀏覽景觀至關重要。公司必須考慮法規合規性，稅收計劃和市場波動。隨著趨勢的發展，保持知情和適應能力將是釋放比特幣作為戰略公司資產的全部潛力的關鍵。

So, what’s the takeaway? Bitcoin in corporate treasuries is no longer a fringe idea—it's a developing strategy with real-world implications. Buckle up, because the ride's just getting started!

那麼，收穫是什麼？公司國庫中的比特幣不再是一個邊緣的想法，它是具有現實世界中含義的發展策略。扣緊，因為騎行才剛剛開始！