二十一首資本是最大的比特幣投資者，持有BTC多於市值

多年來，MicroStrategy，Marathon Holdings和Riot平台一直是最大的公共比特幣投資者的名單，總的來說，與大多數其他上市公司合併在一起的BTC統治更多。但是，在2025年，一位大膽的新玩家二十一首首都（XXI）加入了，擁有比公司價值的比特幣要多得多。

For years, MicroStrategy (NASDAQ:MICRO), Marathon Digital Holdings (NASDAQ:HDIG), and Riot Platforms (NASDAQ:RIOT) have been the top contenders for the largest public Bitcoin investor, together holding more BTC than most other public companies combined.

多年來，MicroStrategy（NASDAQ：MICRO），馬拉松數字控股（NASDAQ：HDIG）和RIOT平台（NASDAQ：RIOT）一直是最大的公共比特幣投資者的頂級競爭者，共同擁有比大多數其他上市公司組合的BTC更多的BTC。

However, in 2025, a new and even bolder player has joined the race, boasting an astounding amount of Bitcoin, far exceeding the company's own value.

但是，在2025年，一個新的，甚至更大膽的球員參加了比賽，擁有大量的比特幣，遠遠超過了公司自己的價值。

According to data presented by CryptoPresales.com from Bitcoin Treasuries and StockAnalysis, Twenty One Capital (NYSE:XXI) has the highest BTC-to-market cap ratio of 1,071%, or 12 times more than Marathon Digital and 21 times more than MicroStrategy.

根據比特幣國庫和股票分析的CryptoPresales.com提供的數據，二十一位資本（NYSE：XXI）的BTC與市場上限比為1,071％，比馬拉松數字高12倍，而Marathon數字的21倍，比MicroStrategy高21倍。

This means that for every $1 of XXI’s market capitalization, the company holds around $10.71 in Bitcoin, making it the most Bitcoin-leveraged public company in the world.

這意味著，在XXI市值的每1美元中，該公司的比特幣持有約為10.71美元，使其成為世界上比特幣最多的上市公司。

The company holds 31,500 Bitcoin valued at nearly $3 billion as of last week, which is 10.7 times more than its stock value.

截至上週，該公司持有31,500個比特幣，價值近30億美元，是其股票價值的10.7倍。

Compared to other Bitcoin-leveraged companies, MicroStrategy (NASDAQ:MICRO) is known for its massive BTC holdings, reaching 568,840 Bitcoins as of last week. This amount is being valued at $59 billion, which is about 50% of the company's market cap or 21 times less than XXI’s ratio.

與其他具有比特幣的公司相比，MicroStrategy（NASDAQ：MICRO）以其龐大的BTC持有量而聞名，截至上週，比特幣達到了568,840個比特幣。這筆款項的價值為590億美元，約占公司市值的50％，比XXI的比率低21倍。

After MicroStrategy, Marathon Digital (NASDAQ:HDIG) follows with a BTC-to-market cap ratio of 88%, 12 times lower than XXI’s.

在MicroStrategy之後，Marathon Digital（NASDAQ：HDIG）的BTC與市場上限比為88％，比XXI低12倍。

Still, it’s good to note that for every $1 of Marathon’s market cap, around $0.88 is backed by Bitcoin.

不過，可以注意到，在馬拉松市值的每1美元中，大約0.88美元得到了比特幣的支持。

Among the ten largest public Bitcoin investors, Hut 8 Mining Corp (TSX: HUT8)(NASDAQ: HUTMF) and Riot Platforms (NASDAQ:RIOT) also have significantly lower BTC-to-market cap ratios, at 62% and 51%, respectively.

在十個最大的公共比特幣投資者中，HUT 8 Mining Corp（TSX：HUT8）（NASDAQ：HUTMF）和RIOT平台（NASDAQ：RIOT）的BTC與市場上的帽比率分別為62％和51％。

Meanwhile, Coinbase (NASDAQ:COIN) and Tesla (NASDAQ:TSLA) are on the other side of the list, with their Bitcoin holdings accounting for just 1.3% and 0.1% of their market caps.

同時，Coinbase（NASDAQ：COIN）和TESLA（NASDAQ：TSLA）位於榜單的另一側，其比特幣控股僅佔其市場上限的1.3％和0.1％。

The number of Bitcoin-leveraged companies also surges fivefold.

比特幣槓桿化公司的數量也飆升了五倍。

Significant BTC investments from these companies also reflect the broader trend in corporate Bitcoin adoption, which has seen remarkable growth over the past year.

這些公司的BTC投資大量投資還反映了公司比特幣採用的更廣泛趨勢，在過去的一年中，這一趨勢顯著增長。

As of Q1 2024, only 38 publicly traded companies included Bitcoin in their balance sheets, collectively investing $13 billion in BTC. However, this number has since surged to over 200, with their combined BTC holdings reaching $82.1 billion as of last week.

截至2024年第1季度，只有38家公開交易的公司將比特幣納入其資產負債表，共同向BTC投資了130億美元。但是，此數字已飆升至200多個，截至上週，其總BTC持有量達到了821億美元。