硬币库存链接：购买加密货币是对上市公司市场价值的真正途径？

探索“硬币储备联系”的趋势，其中上市公司购买加密货币以提高市场价值，以及该策略是长期收益还是仅仅是短期收益。

In the wild world of Wall Street, a new trend has emerged: 'Coin-stock linkage.' Listed companies are diving into the crypto market, hoping to pump up their market value. But is this strategy a stroke of genius or just a fleeting fad? Let's break it down.

在华尔街的狂野世界中，出现了一种新趋势：“硬币储备联系”。上市公司正在进入加密货币市场，希望提高其市场价值。但是，这种策略是天才还是短暂的时尚？让我们分解。

The Allure of 'Buying Coins'

“购买硬币”的魅力

The basic idea is simple: companies add crypto assets like Bitcoin to their balance sheets, and the market goes wild, slapping on a premium valuation. It's like a magic trick where holding crypto assets transforms a company's perceived worth. The logic? Investors get excited about the potential for 'coin price increases,' which theoretically boosts the company's overall value.

基本想法很简单：公司将像比特币这样的加密资产添加到资产负债表中，市场变得疯狂，拍打了高级估值。这就像一个魔术，持有加密资产改变了公司的感知价值。逻辑？投资者对“硬币价格上涨”的潜力感到兴奋，从理论上讲，这可以提高公司的整体价值。

Short-Term Boost, Long-Term Question Marks

短期提升，长期问号

No doubt, this strategy can create short-term buzz. Take Cango, an auto trading service provider. When they announced their entry into Bitcoin mining and spent $400 million on computing power, their stock price skyrocketed by 280%. But the real question is: can this enthusiasm translate into sustainable growth?

毫无疑问，这种策略可以引起短期的嗡嗡声。以汽车交易服务提供商Cango为例。当他们宣布进入比特币开采并花费4亿美元用于计算能力时，他们的股价飙升了280％。但是真正的问题是：这种热情能否转化为可持续增长？

The data tells a mixed story. While some companies see an initial surge after buying coins, many face a stock price correction if they don't keep buying or announce more positive news. The market is quick to reward the initial move but equally quick to lose interest.

数据讲述了一个混合的故事。虽然有些公司在购买硬币后看到了最初的激增，但如果他们不继续购买或宣布更多积极的消息，许多公司将面临股价更正。市场很快就可以奖励最初的举动，但同样迅速失去兴趣。

Are the Big Players Cashing Out?

大玩家兑现吗？

Interestingly, some of the early believers in this strategy seem to be taking profits. Strategy, the company that championed the 'unlimited growth' theory, has been selling off shares of $MSTR. Similarly, Upexi, dubbed the 'Sol version of MicroStrategy,' recently plunged as investors prepared to sell a massive chunk of shares. Even Ark Invest, a major supporter of Circle (the stablecoin issuer), has been reducing its holdings.

有趣的是，这种策略的一些早期信徒似乎正在获利。倡导“无限增长”理论的公司策略一直在出售$ MSTR的股票。同样，UPEXI被称为“ Microstrategy的SOL版本”，最近由于投资者准备出售大量股票而陷入困境。即使是Circle（Stablecoin发行人）的主要支持者Ark Invest也一直在减少其持股。

The Bottom Line

底线

Buying coins can be a tempting way for listed companies to boost market value. However, relying on crypto assets to enhance market value might be a short-sighted strategy. External factors, such as geopolitical tensions and political caution can significantly impact crypto investors’ risk appetite. Bitcoin, for instance, experienced a notable drop in early June due to announcements of new tariffs and trade agreement accusations.

购买硬币可能是上市公司提高市场价值的诱人方式。但是，依靠加密资产来提高市场价值可能是一项短视策略。外部因素（例如地缘政治紧张局势和政治谨慎）可能会严重影响加密投资者的风险食欲。例如，由于宣布新的关税和贸易协定指控，比特币在6月初经历了显着下降。

At the end of the day, the market will eventually demand more than just a crypto portfolio. Growth, profitability, and solid business operations will always matter. Buying orders in the secondary market are not necessarily recognition; it is more likely to be the rotation of chips for short-term speculation.

归根结底，市场最终不仅需要加密产品组合。增长，盈利能力和稳定的业务运营将始终重要。二级市场的购买订单不一定是认可的；对于短期猜测，更有可能是芯片的旋转。

Final Thoughts

最后的想法

So, is 'coin-stock linkage' the future of finance? Maybe, maybe not. It's a fascinating experiment, but companies need to remember that lasting value comes from building a strong business, not just riding the crypto wave. Now, if you'll excuse me, I'm off to check my own crypto portfolio...just in case!

那么，“硬币储备联系”是金融的未来吗？也许，也许不是。这是一个引人入胜的实验，但是公司需要记住，持久价值来自建立强大的业务，而不仅仅是骑加密货币。现在，如果您能原谅我，我要去检查自己的加密货币组合...以防万一！