新的“涵盖范围”的“日子”可帮助投资者发现真正的比特币累积器

“覆盖量的日子”揭示了公司在BTC中赚取市值需要多长时间。低分信号低估了比特币的玩具。

The 'Days to Cover' metric, recently highlighted by Blockstream CEO Adam Back, offers a unique perspective on evaluating companies with large Bitcoin holdings.

最近由Blockstream首席执行官Adam Back强调的“覆盖度量”的“涵盖度量”为评估拥有大型比特币控股公司的公司提供了独特的观点。

This formula, showing how long it would take for a company to earn its market valuation in Bitcoin terms, is a powerful tool as the crypto sector matures.

该公式表明，随着加密货币行业的成熟，公司以比特币的方式获得其市场估值需要多长时间。

The ‘Days to Cover’ metric is calculated using the formula:

使用公式计算的“覆盖日期”：

Days to Cover = ln(mNAV) / ln(1 + Daily BTC Yield)

覆盖天数= LN（MNAV） / LN（每天1 + BTC产​​量）

Where:

在哪里：

mNAV = Company’s market valuation

MNAV =公司的市场估值

Daily BTC Yield = Company’s average daily Bitcoin yield over the last 3 months

每日BTC收益=公司在过去三个月中的平均每日比特币产量

This metric is applied to publicly traded companies that hold Bitcoin in their treasury. It’s designed to show how long it would take for a company to ‘cover’ its market cap by converting it to Bitcoin at the current rate.

该指标适用于在其财政部持有比特币的上市公司。它旨在显示公司通过以当前价格将其转换为比特币要“覆盖”市值需要多长时间。

MicroStrategist, a leading BTC analysis platform, applied this metric to the top BTC-holding public companies. They found that companies like MetaPlanet and ALTBG are stacking Bitcoin aggressively—yielding over 1.4% daily.

领先的BTC分析平台MicroStrategist将该指标应用于BTC持有的顶级上市公司。他们发现，像Metaplanet和Altbg这样的公司正在积极地堆叠比特币，每天超过1.4％。

While MicroStrategy, despite its massive holdings of 576,230 BTC, is accumulating at a more conservative pace and remains the most institutionally trusted BTC stock.

尽管MicroStrategy尽管拥有576,230 BTC的大量持有，但仍以更加保守的速度积累，并且仍然是最信任的BTC股票。

In March, The Blockchain Group had one of the lowest ‘Days to Cover’ scores—and its stock has since surged over 834%.

3月，区块链集团拥有最低的“覆盖”分数之一，此后的股票飙升了834％以上。

As crypto investors search for fundamentally sound BTC plays, metrics like ‘Days to Cover’ are becoming crucial.

随着加密投资者从根本上搜索BTC的戏剧，“覆盖日”之类的指标变得至关重要。

This metric offers a unique window into which companies are truly stacking sats—not just talking about it.

该指标提供了一个独特的窗口，公司真正堆叠了SAT，而不仅仅是谈论它。