比特币，持有和优先股：解码策略的大胆游戏

战略通过诸如Strc之类的优先股票产品来积累比特币的创新方法正在重塑投资策略。

Bitcoin, Holdings, and Preferred Stock: Decoding Strategy's Bold Play

比特币，持有和优先股：解码策略的大胆游戏

Strategy continues to make waves in the crypto world, aggressively expanding its Bitcoin holdings through innovative financial instruments. The latest move? A new preferred stock offering, STRC, designed to further fuel its Bitcoin acquisition strategy. Let's dive into what this means and why it matters.

战略继续在加密货币世界中引起轰动，通过创新的金融工具积极扩大其比特币持有量。最新举动？一种新的优先股产品STRC，旨在进一步推动其比特币采集策略。让我们深入了解这意味着什么以及为什么它至关重要。

Strategy's Bitcoin Bonanza

策略的比特币大富翁

Strategy, led by Michael Saylor, has been on a Bitcoin buying spree. As of July 20, 2025, the company holds a staggering 607,770 BTC, acquired for approximately $43.61 billion. This significant accumulation underscores Strategy's conviction in Bitcoin as a long-term store of value and a key component of its balance sheet.

由迈克尔·塞勒（Michael Saylor）领导的策略一直在比特币购买狂潮。截至2025年7月20日，该公司拥有惊人的607,770 BTC，以约436.1亿美元的价格收购。这种重要的积累强调了比特币中的策略的信念，是其资产负债表的长期存储和关键组成部分。

The STRC Preferred Stock: A New Funding Avenue

Strc首选股票：新的资金大道

To finance its Bitcoin ambitions, Strategy is issuing a new preferred stock, STRC, also known as "Stretch." This follows previous offerings like STRK, STRD, and STRF. The STRC offering aims to convert investor capital into Bitcoin, supporting both working capital and further Bitcoin acquisitions. The key differentiator? A monthly dividend structure designed to appeal to investors seeking regular cash flow.

为了资助其比特币的野心，战略正在发行新的首选股票strc，也称为“拉伸”。这之后遵循了诸如Strk，Strd和Strf之类的产品。 Strc提供的旨在将投资者资本转换为比特币，支持营运资金和更多比特币收购。关键区别？每月股息结构，旨在吸引寻求常规现金流的投资者。

Decoding the Dividend Details

解码股息详细信息

The STRC preferred stock features a variable dividend rate, paid monthly, with a record date on the 15th and payout on the last day of each month. Early guidance suggested an annual rate of 9.5% if funded at $95, and 10% at $90. This monthly dividend structure is a key selling point, as emphasized by Michael Saylor, catering to investors who prioritize consistent income streams.

STRC首选股票具有可变的股息利率，每月支付，并在15日的记录日期和每月的最后一天付款。早期指南建议，如果资金为95美元，每年的税率为9.5％，为90美元的税率为10％。迈克尔·塞勒（Michael Saylor）强调，这种每月的股息结构是一个关键的卖点，迎合了优先考虑一致收入来源的投资者。

Is it Genius or Brand Fatigue?

是天才还是品牌疲劳？

While Strategy executives are enthusiastic about STRC, the launch has sparked debate. Some critics question whether introducing yet another investment instrument dilutes the brand or represents a stroke of genius. However, the performance of previous preferred shares like STRK, STRF and STRD suggests investors are responding positively. STRK, for example, has delivered a 42% return since its launch in February, outperforming both Bitcoin and the S&P 500.

尽管战略主管对Strc充满热情，但发射引发了辩论。一些批评家疑问，引入另一种投资工具是稀释品牌还是代表天才的中风。但是，诸如Strk，Strf和Strd之类的先前优先股的绩效表明，投资者正在做出积极反应。例如，自2月推出以来，Strk的回报率已经42％，表现优于比特币和标准普尔500指数。

The Bigger Picture: Bitcoin's Enduring Appeal

大局：比特币的持久吸引力

Strategy's aggressive Bitcoin strategy is part of a larger trend of institutions embracing Bitcoin. As governments grapple with currency devaluation and rising national debt, Bitcoin's scarcity and decentralized nature make it an increasingly attractive alternative. The United States itself is the largest known state holder of Bitcoin, signaling a shift in perception and acceptance.

策略的积极性比特币战略是包含比特币的机构更大趋势的一部分。随着政府努力应对货币贬值和国家债务的上升，比特币的稀缺性和分散性的性质使其成为越来越有吸引力的选择。美国本身是比特币最大的州持有人，表明了感知和接受的转变。

A Note on Historical Context

关于历史背景的注释

It's important to remember that the allure of Bitcoin is rooted in a long history of monetary innovation. Throughout history, when governments have corrupted currencies, people have sought better alternatives. Bitcoin, with its limited supply and decentralized verification system, represents a modern solution to this age-old problem.

重要的是要记住，比特币的魅力源于货币创新的悠久历史。在整个历史上，当政府破坏货币时，人们寻求更好的选择。比特币供应有限和分散验证系统，代表了对这个古老问题的现代解决方案。

Final Thoughts

最后的想法

Strategy's continued investment in Bitcoin, financed in part by preferred stock offerings, underscores the growing institutional interest in cryptocurrency. Whether STRC proves to be a game-changer remains to be seen, but one thing is clear: the world of finance is constantly evolving, and Bitcoin is playing an increasingly prominent role. Now, if you'll excuse me, I'm off to see if I can find some spare change to invest... maybe in some preferred stock myself!

战略对比特币的持续投资，部分由优先股票产品提供，强调了加密货币的机构兴趣不断增长。 Strc是否被证明是改变游戏规则的人，还有待观察，但是有一件事很明显：财务世界在不断发展，比特币扮演着越来越重要的角色。现在，如果您能原谅我，我要去看看是否可以找到一些备用的更改来投资...也许我自己有一些优先的股票！