比特币，财政部，持有：公司淘金热继续

企业比特币采用的新高度涌现。当不丹出售BTC时，MicroStrategy，Metaplanet甚至GameStop等其他实体正在迅速积累。这是新常态吗？

Bitcoin, Treasury, Holdings: The Corporate Gold Rush Continues

比特币，财政部，持有：公司淘金热继续

Corporate Bitcoin adoption is exploding! While Bhutan has been quietly selling, others are aggressively buying. Is this the new normal for corporate treasuries?

公司比特币采用正在爆炸！尽管不丹一直在悄悄地销售，但其他人则积极购买。这是公司国库的新常态吗？

Corporate Bitcoin Holdings Skyrocket

企业比特币持有飙升

The second quarter of 2025 witnessed an unprecedented surge in corporate Bitcoin holdings. Companies added a record 159,107 BTC to their treasuries, valued at over $17.6 billion. Total corporate holdings now exceed 847,000 BTC, representing roughly 4% of Bitcoin's total supply. This milestone confirms Bitcoin's emergence as a mainstream corporate asset.

2025年第二季度见证了公司比特币持有的空前激增。公司在国库中增加了创纪录的159,107 BTC，价值超过176亿美元。目前，公司总持有量超过847,000 BTC，约占比特币总供应量的4％。这个里程碑证实了比特币作为主流公司资产的出现。

Bitwise Asset Management data reveals a 23% quarter-over-quarter increase in holdings, with a valuation reaching $91 billion by the end of Q2. This surge isn't just about quantity; 46 new public firms entered the Bitcoin space, bringing the total to 125 – a 58% quarterly jump!

Bitwise Asset Management数据显示，持股量增加了23％，到第二季度结束时，估值达到了910亿美元。这种激增不仅涉及数量。 46家新的公共公司进入了比特币空间，总计达到125 - 每季度跳高58％！

MicroStrategy Leads the Charge

微型湿法导致电荷

At the forefront of this corporate gold rush is MicroStrategy (MSTR), holding a staggering 597,325 BTC. Under the leadership of Bitcoin evangelist Michael Saylor, the company continues to aggressively acquire Bitcoin through convertible notes and ATM offerings. This strategy has propelled MSTR stock up 43% year-to-date, outperforming the S&P 500's 6.4% gain.

这家公司淘金热的最前沿是MicroStrategy（MST），拥有惊人的597,325 BTC。在比特币传教士迈克尔·塞勒（Michael Saylor）的领导下，该公司继续通过可转换票据和ATM产品积极收购比特币。该策略已推动MST的股票增长43％，超过了标准普尔500指数6.4％的增长。

Other companies are following suit. MARA Holdings (MARA) holds nearly 50,000 BTC, and its stock has also rallied. From Tokyo to Texas, new entrants are fueling the fire.

其他公司也效仿。 Mara Holdings（Mara）持有近50,000 BTC，其股票也集结了。从东京到德克萨斯州，新进入者正在加油。

Global Adoption: From Tokyo to Bhutan (and Back?)

全球采用：从东京到不丹（再回来？）

Japan's Metaplanet (JP:3350) has become the most traded stock on the Tokyo Stock Exchange as it builds a position north of 13,000 BTC. GameStop (GME) is the latest non-crypto-native name to secure 4,710 BTC. Trump Media is also seeking funding to ramp up its holdings. The London BTC Company is expanding its crypto reserves with new capital.

日本的Metaplanet（JP：3350）已成为东京证券交易所中交易最多的股票，因为它在13,000 BTC以北建立了位置。 GameStop（GME）是最新的非重点名称，可保护4,710 BTC。特朗普媒体还在寻求资金来增加其持股。伦敦BTC公司正在通过新资本扩大其加密储备。

However, not all governments are holding tight. The Royal Government of Bhutan recently dumped 213.16 BTC, capitalizing on Bitcoin's new all-time high of $112,050. While this move might seem counterintuitive, it's worth noting that Bhutan still holds a significant amount of Bitcoin in its treasury.

但是，并非所有政府都紧紧抓住。不丹皇家政府最近倾倒了213.16 BTC，利用了比特币的新历史最高高点112,050美元。尽管这一举动似乎是违反直觉的，但值得注意的是，不丹在国库中仍然拥有大量比特币。

The Rise of Altcoin Treasuries

Altcoin国库的兴起

The trend isn't limited to Bitcoin. Companies are also exploring other digital assets for their treasuries. 10X Capital launched the BNB Treasury Company, focusing on BNB Chain ecosystem investments. Nano Labs acquired a substantial amount of BNB tokens, aiming to control a significant portion of the circulating supply. GameSquare allocated $100 million to an Ethereum treasury.

趋势不仅限于比特币。公司还正在探索其他数字资产的国库。 10X Capital成立了BNB财政公司，重点关注BNB连锁生态系统投资。 Nano Labs获得了大量BNB令牌，旨在控制大部分循环供应。 GamesQuare向以太坊财政部分配了1亿美元。

Final Thoughts: A New Era for Corporate Finance?

最终想法：公司融资的新时代？

The increasing adoption of Bitcoin and other cryptocurrencies by corporations signals a potential shift in how companies manage their treasury assets. While volatility remains a concern, the potential for returns and diversification is attracting significant interest. Whether this trend continues remains to be seen, but one thing is clear: Bitcoin is no longer just a fringe asset; it's a legitimate contender in the world of corporate finance.

公司对比特币和其他加密货币的采用越来越多，这表明公司管理国库资产的方式可能发生了变化。尽管波动性仍然是一个关注的问题，但回报的潜力和多元化引起了极大的兴趣。这种趋势是否继续存在待观察，但很明显：比特币不再只是附带资产。这是公司融资界的合法竞争者。

So, is your company ready to join the Bitcoin gold rush? Or are you content to watch from the sidelines? Either way, it's going to be an interesting ride! Stay tuned, folks!

那么，您的公司准备加入比特币淘金热吗？还是您满足于从场外观看？无论哪种方式，这都是一个有趣的旅程！请继续关注，伙计们！