为其比特币购买Mara Holdings，并免费获得采矿业务

最近，我对比特币（BTC-USD）财政部公司非常感兴趣，这既在这些公司如何获得法定资本方面都非常感兴趣

In a previous article, I discussed how executives at publicly-listed companies ultimately have a fiduciary duty to maximize shareholder value, and how this can intersect with the pursuit of Bitcoin (BTC-USD) on the part of company management. In the context of a public company, any activity should ideally generate a return for the company’s shareholders, and executives should pursue the avenues that can most rapidly grow capital.

在上一篇文章中，我讨论了公开上市公司的高管最终如何承担最大化股东价值的信托义务，以及这如何与公司管理公司的追求比特币（BTC-USD）相交。在上市公司的背景下，任何活动都应理想地为公司的股东带来回报，而高管应追求最迅速增长资本的途径。

In the case of Bitcoin, it is an asset that can rapidly appreciate in U.S. dollar terms, and as such, it can be a valuable addition to a company’s treasury. If a company is able to generate fiat capital at low cost—for example, through a U.S. government loan program during a time of low interest rates—then it can use that capital to buy Bitcoin and realize outsized gains as the cryptocurrency appreciates.

就比特币而言，这是一项可以以美元计算来迅速欣赏的资产，因此，这可能是公司财政部的宝贵补充。如果一家公司能够以低成本（例如，通过在低利率的时候通过美国政府贷款计划）产生法定资本，那么随着加密货币的欣赏，它可以利用该资本购买比特币并实现巨大的收益。

Of course, a company should ideally be generating gains through its primary business operations, but in the case of a so-called “Zombie Stock” or a company that is struggling to maintain profitability, allocating a portion of a company’s capital to Bitcoin may be a good way to rapidly grow shareholder value.

当然，理想情况下，公司应该通过其主要业务运营产生收益，但是在所谓的“僵尸股票”或正在努力维持盈利能力的公司中，将公司资本的一部分分配给比特币可能是快速增长股东价值的好方法。

One stock that comes to mind is Marathon Digital (NASDAQ:MARA). The company has been quite open about its belief that Bitcoin is the best performing asset of the past decade, and it is a coin that is sure to continue gaining in popularity throughout the world.

想到的一种股票是马拉松数字（NASDAQ：MARA）。该公司对自己的信念非常开放，认为比特币是过去十年中表现最好的资产，并且它肯定会在世界范围内继续受欢迎。

Earlier this year, Marathon Digital was able to obtain a U.S. government loan to help fund its Bitcoin mining operations. In total, the company was able to secure a 10-year loan for up to $700 million from the U.S. government at a fixed rate of 5%.

今年早些时候，Marathon Digital能够获得美国政府贷款，以帮助资助其比特币采矿业务。总的来说，该公司能够以5％的固定利率从美国政府那里获得10年的贷款，最高7亿美元。

That compares to rates of around 4% on U.S. Treasury bonds. Of course, there is no guarantee that the government would provide such favorable terms on a loan today, but it highlights how executives at publicly-listed companies can obtain capital on favorable terms and use it to generate outsized returns for shareholders.

相比之下，美国国债的比率约为4％。当然，不能保证政府在今天的贷款上提供如此有利的条款，但它突出了公开上市公司的高管如何以有利的条件获得资本并使用它来为股东带来超大的回报。

In the case of Marathon Digital, it was able to use the government loan to buy Bitcoin at a time when the cryptocurrency was trading in the mid-$60,000 range. Since then, Bitcoin has risen to new highs above $73,000.

就马拉松数字数字而言，它可以使用政府贷款在加密货币在60,000美元范围内交易的时候购买比特币。从那时起，比特币已上升至73,000美元以上的新高点。

Even at these levels, executives at Marathon Digital believe that the cryptocurrency has plenty of room for appreciation. In the past, executives at the company have said that they see Bitcoin rising to six-figures, and they are not planning to sell any of their coins until Bitcoin reaches at least $500,000.

即使在这些水平上，马拉松数字的高管也认为加密货币有足够的欣赏空间。过去，该公司的高管们说，他们看到比特币上升到六位数，并且他们不打算在比特币至少达到500,000美元之前出售其任何硬币。

At current rates, that would generate total gains of more than 400% from the average price at which Marathon Digital bought Bitcoin with the U.S. government loan.

以目前的速度，这将使马拉松数字使用美国政府贷款购买比特币的平均价格超过400％。

Of course, no one can predict how cryptocurrencies will perform in the future. But given the rapid pace at which Bitcoin has appreciated in recent years, I think there is potential for more gains from here.

当然，没有人可以预测将来的加密货币的性能。但是，鉴于比特币在近年来对比特币欣赏的速度很快，我认为从这里有更多收益。

And with executives at Marathon Digital focused on maximizing shareholder value, I think this is a stock that investors may want to consider for their portfolio.

随着马拉松数字的高管着重于最大化股东价值，我认为这是投资者可能想考虑其投资组合的股票。

Post Merger Integration Is Key For Sono Group (OTCMKYS:MSNXF)

后合并集成是Sono组的关键（OTCMKYS：MSNXF）

Sono Group (OTCMKYS:MSNXF) is a German startup that is developing a modular electric vehicle platform. The company plans to launch its first model, the Sono Sion, in 2024. The Sion is a five-seater hatchback that will be powered by a 350 km (217 miles) range battery and will have a starting price of €34,900.

Sono Group（OTCMKYS：MSNXF）是一家正在开发模块化电动汽车平台的德国初创公司。该公司计划于2024年推出其第一款车型Sono Sion。Sion是五座掀背车，将由350公里（217英里）范围的电池供电，起价为34,900欧元。

Sono Group is also developing a solar technology that can be integrated into the vehicle’s bodywork. The company claims that its solar panels can generate up to 80 km (50 miles) of extra range per day from sunlight.

Sono Group还正在开发一种可以集成到车辆车身的太阳能技术。该公司声称，其太阳能电池板可以每天与Sunlight的额外范围高达80公里（50英里）。

Sono Group says it has secured all the necessary permits and is now focused on completing the development of the Sion and preparing for mass production. The company plans to start delivering the first vehicles to customers in Europe in the second half of 2024.

Sono Group表示，它已获得所有必要的许可，现在专注于完成Sion的发展并准备大规模生产。该公司计划在2024年下半年开始向欧洲的客户运送第一辆车。

Sono Group is a promising startup that is working on innovative electric vehicle technology. The company has a strong management team with experience in the automotive industry. Sono Group is also well-funded and has a clear vision for the future.

Sono Group是一家有前途的初创公司，正在从事创新电动汽车技术。该公司拥有一支强大的管理团队，在汽车行业拥有经验。 Sono Group也获得了充分的资金，对未来有清晰的愿景。

However, Sono Group faces several challenges. The company will need to overcome technical hurdles in developing its solar technology and integrating it into the vehicle platform without compromising on aesthetics or functionality. Sono Group will also need to navigate the complexities of launching a new vehicle model in multiple markets.

但是，Sono Group面临着几个挑战。该公司将需要克服技术障碍，以开发其太阳能技术并将其集成到车辆平台中，而不会损害美学或功能。 Sono Group还需要浏览在多个市场上推出新车辆模型的复杂性。

Despite these challenges, I believe that Sono Group has the potential to succeed. The company is developing a unique and compelling electric vehicle offering that could appeal to a broad audience. Sono Group is also well-positioned to benefit from the growing demand for sustainable transportation solutions.

尽管面临这些挑战，但我相信Sono Group具有成功的潜力。该公司正在开发一种独特而引人注目的电动汽车产品，可以吸引广泛的受众。 Sono Group也有充分的位置，可以从对可持续运输解决方案不断增长的需求中受益。

Overall, I believe that Sono Group is a

总的来说，我相信Sono Group是一个