Crypto Asset Manager Bitwise说，上市公司越来越多地投资比特币（BTC）

Crypto Asset Manager Bitwise表示，公开交易的公司越来越多地投资比特币（BTC），因为旗舰加密货币从投机投资转变为更具战略性的公司资产。

Crypto asset manager Bitwise says publicly traded companies are increasingly investing in Bitcoin (BTC) as the flagship cryptocurrency transitions from a speculative investment to a more strategic corporate asset.

Crypto Asset Manager Bitwise表示，公开交易的公司越来越多地投资比特币（BTC），因为旗舰加密货币从投机投资转变为更具战略性的公司资产。

According to a new report by Bitwise, the aggregate Bitcoin holdings of corporate investors rose from 394,131 to 786,857 over a six-month period beginning November 15th, 2024 and ending May 15th, 2025.

根据Bitwise的一份新报告，从2024年11月15日开始，在六个月内，企业投资者的总比特币持有从394,131升至786,857，并于2025年5月15日结束。

The increase in corporate BTC holdings over the six months is 392,726, or 196,363 BTC acquired per quarter.

在六个月中，公司BTC持有量的增加为392,726，或每季度获得的196,363 BTC。

Using the data, Bitwise projected the amount of Bitcoin that public companies will likely accumulate over the next six quarters through the end of 2026. The model suggests that corporate investors will likely buy 98,181 BTC per quarter if Bitcoin adoption slows by half. Companies will purchase 196,363 BTC per quarter if the pace remains the same and 392,726 BTC per quarter if the adoption rate doubles, as per the model.

使用数据，Bitwise预测了上市公司可能会在2026年底之前在接下来的六个季度中积累的比特币数量。该模型表明，如果比特币的采用速度减少了一半，则公司投资者可能每季度购买98,181 BTC。如果速度保持不变，则公司将每季度购买196,363 BTC，如果采用率翻了一番，则每季度为392,726 BTC。

In the bull case scenario, public companies can hoard as much as 2.356 million BTC, which represents 11.22% of the total Bitcoin supply, or $259.395 billion based on Bitcoin’s current price of $110,100.

在公牛案的情况下，上市公司可以根据比特币目前的110,100美元的价格，占比特币供应总额的11.22％，占比特币供应总额的11.22％，占比特币总供应总额的11.22％的11.22％。

The anticipated inflows in the bear and base case scenarios are 589,000 BTC and 1.178 million BTC, respectively.

预期的熊和基本案例方案的流入分别为589,000 BTC和117.8万BTC。

Says Bitwise,

说咬，

“Collectively, these developments signal a new era of Bitcoin adoption in which public companies not only hold Bitcoin but design business models around it. Pioneered by Michael Saylor, the ‘Bitcoin Standard’ corporate playbook of reorienting excess cash into Bitcoin purchases and using a company’s capital structure to fund additional Bitcoin acquisition is becoming a repeatable model.

“总的来说，这些事态发展标志着比特币采用的新时代，在该时代中，上市公司不仅拥有比特币，而且还围绕其设计业务模型。迈克尔·塞勒（Michael Saylor）开创了'比特币标准'公司企业剧本，将重新定位超额现金的重新定位到比特币购买以及使用公司的资本结构来资本来筹集其他比特币的收购成为重复的模型。

"As more companies adopt the Bitcoin Standard, it reinforces Bitcoin’s role as a corporate treasury asset and educates equity investors on its utility – driving broader institutional acceptance.”

“随着越来越多的公司采用比特币标准，它加强了比特币作为公司财政部资产的作用，并教育了股票投资者的实用性 - 推动更广泛的机构认可。”