{"id":25568,"date":"2026-02-27T00:22:49","date_gmt":"2026-02-26T16:22:49","guid":{"rendered":"https:\/\/monsterblockhk.com\/?p=25568"},"modified":"2026-05-04T08:33:45","modified_gmt":"2026-05-04T00:33:45","slug":"mstr-btc-treasury-explained","status":"publish","type":"post","link":"https:\/\/monsterblockhk.com\/en\/mstr-btc-treasury-explained\/","title":{"rendered":"MicroStrategy Bitcoin Treasury Strategy Explained! Will MSTR flywheeling be a disaster or not?"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"25568\" class=\"elementor elementor-25568\">\n\t\t\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-33216a8 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"79590\" data-id=\"33216a8\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-92a54ea\" data-eae-slider=\"47903\" data-id=\"92a54ea\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6c2ea8f elementor-widget elementor-widget-image\" data-id=\"6c2ea8f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/monsterblockhk.com\/wp-content\/uploads\/2026\/02\/111.webp\" data-elementor-open-lightbox=\"yes\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MjU1NzAsInVybCI6Imh0dHBzOlwvXC9tb25zdGVyYmxvY2toay5jb21cL3dwLWNvbnRlbnRcL3VwbG9hZHNcLzIwMjZcLzAyXC8xMTEud2VicCJ9\">\n\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"640\" height=\"336\" src=\"https:\/\/monsterblockhk.com\/wp-content\/uploads\/2026\/02\/111.webp\" class=\"attachment-large size-large wp-image-25570\" alt=\"\" srcset=\"https:\/\/monsterblockhk.com\/wp-content\/uploads\/2026\/02\/111.webp 640w, https:\/\/monsterblockhk.com\/wp-content\/uploads\/2026\/02\/111-300x158.webp 300w\" sizes=\"(max-width: 640px) 100vw, 640px\" title=\"111 | Monsterblockhk\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-494d85a elementor-widget elementor-widget-text-editor\" data-id=\"494d85a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"margin-bottom: 1.42em;\"><span style=\"color: #000000;\"><span style=\"font-size: 16px; letter-spacing: normal;\">\u5982\u679c\u4f60\u6700\u8fd1\u5728\u65b0\u805e\u6216\u7db2\u7d61\u4e0a\u770b\u5230 Michael Saylor \u983b\u983b\u73fe\u8eab\uff0c\u8b1b\u8ff0\u4ed6\u7684\u516c\u53f8\u5982\u4f55\u7528\u6578\u767e\u5104\u7f8e\u5143\u8cb7\u6bd4\u7279\u5e63\uff0c\u5fc3\u88e1\u4e00\u5b9a\u5145\u6eff\u7591\u60d1\uff1a<b>\u300c\u9019\u5bb6\u516c\u53f8\u4e0d\u662f\u5728\u7528\u80a1\u6771\u7684\u9322\u7092\u5e63\u55ce\uff1f\u300d<\/b>\u300c<b>\u6bd4\u7279\u5e63\u518d\u8dcc\u4e0b\u53bb\uff0c\u8c48\u4e0d\u662f\u8981\u5012\u9589\uff1f\u300d\u300c\u9019\u807d\u8d77\u4f86\u50cf\u5728\u5272\u97ed\u83dc\u5427\uff1f\u300d<\/b><\/span><\/span><\/p><p style=\"margin-bottom: 1.42em;\"><span style=\"color: #000000;\"><span style=\"font-size: 16px; letter-spacing: normal;\">\u4f5c\u70ba\u4e00\u500b\u5b8c\u5168\u7684\u65b0\u624b\uff0c\u9019\u4e9b\u7591\u554f\u662f\u975e\u5e38\u6b63\u5e38\uff0c\u6240\u4ee5\u5c0f\u7de8\u5c07\u6703\u5728\u672c\u6587\u5f9e\u96f6\u958b\u59cb\u5e36\u4f60\u641e\u61c2 Strategy\uff08\u524d MicroStrategy\uff0c\u80a1\u7968\u4ee3\u78bc MSTR\uff09\u9019\u5957 DAT \u6578\u4f4d\u8cc7\u7522\u570b\u5eab\u7b56\u7565\u7684\u5168\u8c8c\uff0c\u5305\u62ec\u5b83\u600e\u9ebc\u904b\u4f5c\u3001\u70ba\u4ec0\u9ebc\u6562\u5728\u718a\u5e02\u7e7c\u7e8c\u8cb7\u5e63\u3001\u69d3\u687f\u5230\u5e95\u6709\u591a\u5b89\u5168\uff0c\u4ee5\u53ca\u5e02\u5834\u4e0a\u6700\u5e38\u898b\u7684\u6279\u8a55\u8207\u4e8b\u5be6\u5c0d\u7167\u3002<\/span><\/span><\/p><p style=\"margin-bottom: 1.42em;\"><span style=\"color: #000000;\"><span style=\"font-size: 16px; letter-spacing: normal;\"><b>\u6240\u6709\u6578\u5b57\u7686\u4f86\u81ea Strategy \u5b98\u65b9\u7db2\u7ad9\u3001SEC \u7533\u5831\u6587\u4ef6\u3001CoinDesk\u3001Bloomberg\u3001Reuters \u7b49\u6700\u53ef\u9760\u4f86\u6e90\uff08\u66f4\u65b0\u81f3 2026 \u5e74 2 \u6708 26 \u65e5\uff09\u3002<\/b><\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-13ec134 elementor-widget elementor-widget-heading\" data-id=\"13ec134\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-large\"><font color=\"#000000\" face=\"Noto Sans TC, sans-serif\"><span style=\"letter-spacing: normal\">Strategy \u5f9e\u4e00\u5bb6\u8edf\u4ef6\u516c\u53f8\u8b8a\u6210\u300c\u6bd4\u7279\u5e63\u6700\u5927\u4f01\u696d\u6301\u6709\u8005\u300d\u7684\u6545\u4e8b<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f0f9248 elementor-widget elementor-widget-text-editor\" data-id=\"f0f9248\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"margin-bottom: 1.42em;\"><span style=\"color: #000000;\"><span style=\"font-size: 16px; letter-spacing: normal;\">Strategy \u539f\u672c\u662f\u4e00\u5bb6\u6210\u7acb\u65bc 1989 \u5e74\u7684\u50b3\u7d71\u79d1\u6280\u516c\u53f8\uff0c\u4e3b\u8981\u696d\u52d9\u662f\u63d0\u4f9b\u5546\u696d\u667a\u6167\uff08Business Intelligence\uff09\u8edf\u4ef6\u30022020 \u5e74\uff0c\u5728\u57f7\u884c\u4e3b\u5e2d Michael Saylor \u7684\u4e3b\u5c0e\u4e0b\uff0c\u516c\u53f8\u505a\u51fa\u4e86\u4e00\u500b\u5927\u81bd\u8f49\u578b\uff1a\u628a\u6bd4\u7279\u5e63\u8996\u70ba\u300c\u512a\u65bc\u73fe\u91d1\u7684\u5132\u503c\u8cc7\u7522\u300d\uff0c\u958b\u59cb\u7528\u516c\u53f8\u8cc7\u91d1\u5927\u91cf\u8cfc\u5165\u6bd4\u7279\u5e63\uff0c\u4e26\u9010\u6b65\u5c07\u6bd4\u7279\u5e63\u5b9a\u4f4d\u70ba\u6838\u5fc3\u570b\u5eab\u8cc7\u7522\u3002<\/span><\/span><\/p><p style=\"margin-bottom: 1.42em;\"><span style=\"color: #000000;\"><span style=\"font-size: 16px; letter-spacing: normal;\">\u622a\u81f3 2026 \u5e74 2 \u6708 23 \u65e5\uff0cStrategy \u5df2\u5b8c\u6210\u7b2c 100 \u6b21\u6bd4\u7279\u5e63\u8cfc\u8cb7\uff0c\u7e3d\u5171\u6301\u6709 717,722 \u500b\u6bd4\u7279\u5e63\uff0c\u7e3d\u8cfc\u5165\u6210\u672c\u70ba 545.6 \u5104\u7f8e\u5143\uff0c\u5e73\u5747\u6bcf\u679a\u6210\u672c\u7d04 76,020 \u7f8e\u5143\u3002\u76ee\u524d\u6bd4\u7279\u5e63\u5e02\u50f9\u7d04 68,000 \u7f8e\u5143\u5de6\u53f3\uff0c\u9019\u4e9b\u6bd4\u7279\u5e63\u7684\u5e02\u503c\u7d04\u70ba 489.09 \u5104\u7f8e\u5143\u3002\u9019\u8b93 Strategy \u6210\u70ba\u5168\u7403\u6700\u5927\u7684\u4f01\u696d\u6bd4\u7279\u5e63\u6301\u6709\u8005\uff0c\u4f54\u6bd4\u7279\u5e63\u7e3d\u4f9b\u61c9\u91cf\u7684\u7d04 3.4%\u3002<\/span><\/span><\/p><p style=\"margin-bottom: 1.42em;\"><span style=\"color: #000000;\"><span style=\"font-size: 16px; letter-spacing: normal;\">\u7c21\u55ae\u4f86\u8aaa\uff0c\u9019\u5bb6\u516c\u53f8\u73fe\u5728\u7684\u4e3b\u8981\u50f9\u503c\u4f86\u6e90\u5df2\u7d93\u4e0d\u662f\u8ce3\u8edf\u4ef6\uff0c\u800c\u662f\u6210\u70ba\u4e00\u500b\u300c\u6bd4\u7279\u5e63\u570b\u5eab\u516c\u53f8\u300d\uff0c\u8b93\u6295\u8cc7\u8005\u900f\u904e\u8cb7 MSTR \u80a1\u7968\uff0c\u5c31\u80fd\u9593\u63a5\u7372\u5f97\u6bd4\u7279\u5e63\u7684\u50f9\u683c\u66b4\u9732\u3002<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6b46550 elementor-widget elementor-widget-image\" data-id=\"6b46550\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/monsterblockhk.com\/wp-content\/uploads\/2026\/02\/\u87a2\u5e55\u622a\u5716-2026-02-27-\u4e0a\u534812.09.37-scaled.png\" data-elementor-open-lightbox=\"yes\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MjU2MTMsInVybCI6Imh0dHBzOlwvXC9tb25zdGVyYmxvY2toay5jb21cL3dwLWNvbnRlbnRcL3VwbG9hZHNcLzIwMjZcLzAyXC9cdTg3YTJcdTVlNTVcdTYyMmFcdTU3MTYtMjAyNi0wMi0yNy1cdTRlMGFcdTUzNDgxMi4wOS4zNy1zY2FsZWQucG5nIn0%3D\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"484\" src=\"https:\/\/monsterblockhk.com\/wp-content\/uploads\/2026\/02\/\u87a2\u5e55\u622a\u5716-2026-02-27-\u4e0a\u534812.09.37-1024x484.png\" class=\"attachment-large size-large wp-image-25613\" alt=\"\" srcset=\"https:\/\/monsterblockhk.com\/wp-content\/uploads\/2026\/02\/\u87a2\u5e55\u622a\u5716-2026-02-27-\u4e0a\u534812.09.37-1024x484.png 1024w, https:\/\/monsterblockhk.com\/wp-content\/uploads\/2026\/02\/\u87a2\u5e55\u622a\u5716-2026-02-27-\u4e0a\u534812.09.37-300x142.png 300w, https:\/\/monsterblockhk.com\/wp-content\/uploads\/2026\/02\/\u87a2\u5e55\u622a\u5716-2026-02-27-\u4e0a\u534812.09.37-768x363.png 768w, https:\/\/monsterblockhk.com\/wp-content\/uploads\/2026\/02\/\u87a2\u5e55\u622a\u5716-2026-02-27-\u4e0a\u534812.09.37-1536x726.png 1536w, https:\/\/monsterblockhk.com\/wp-content\/uploads\/2026\/02\/\u87a2\u5e55\u622a\u5716-2026-02-27-\u4e0a\u534812.09.37-2048x968.png 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\u87a2\u5e55\u622a\u5716 2026-02-27 \u4e0a\u534812.09.37 | Monsterblockhk\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3d2d0f6 elementor-widget elementor-widget-heading\" data-id=\"3d2d0f6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-large\"><font color=\"#000000\" face=\"Noto Sans TC, sans-serif\"><span style=\"letter-spacing: normal\">\u6bd4\u7279\u5e63\u98db\u8f2a\uff1aStrategy \u5982\u4f55\u7528\u83ef\u723e\u8857\u7684\u9322\u6301\u7e8c\u8cb7\u5e63\uff1f<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-01b5e04 elementor-widget elementor-widget-text-editor\" data-id=\"01b5e04\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"margin-bottom: 1.42em;\"><span style=\"color: #000000;\"><span style=\"font-size: 16px; letter-spacing: normal;\">Strategy \u7684\u6838\u5fc3\u7b56\u7565\u88ab\u7a31\u70ba\u300c\u6bd4\u7279\u5e63\u98db\u8f2a\u300d\uff08Bitcoin Flywheel\uff09\uff0c\u904b\u4f5c\u539f\u7406\u5176\u5be6\u5f88\u76f4\u767d\u3002\u7576\u80a1\u50f9\u9ad8\u65bc\u6bd4\u7279\u5e63\u6301\u6709\u50f9\u503c\u6642\uff08\u4e5f\u5c31\u662f mNAV \u5927\u65bc 1\uff09\uff0c\u516c\u53f8\u6703\u767c\u884c\u65b0\u80a1\u6216\u512a\u5148\u80a1\uff0c\u7528\u6ea2\u50f9\u90e8\u5206\u8cb7\u9032\u66f4\u591a\u6bd4\u7279\u5e63\u3002\u6bd4\u7279\u5e63\u6301\u6709\u91cf\u589e\u52a0\u4e4b\u5f8c\uff0c\u516c\u53f8\u6574\u9ad4\u50f9\u503c\u4e0a\u5347\uff0c\u80a1\u50f9\u66f4\u5bb9\u6613\u7e7c\u7e8c\u4e0a\u6f32\uff0c\u65bc\u662f\u53c8\u80fd\u518d\u878d\u8cc7\u3001\u518d\u8cb7\u5e63\uff0c\u5f62\u6210\u6b63\u5411\u5faa\u74b0\u3002<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-61f2972 elementor-widget elementor-widget-image\" data-id=\"61f2972\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/monsterblockhk.com\/wp-content\/uploads\/2026\/02\/1.jpeg\" data-elementor-open-lightbox=\"yes\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MjU2MjAsInVybCI6Imh0dHBzOlwvXC9tb25zdGVyYmxvY2toay5jb21cL3dwLWNvbnRlbnRcL3VwbG9hZHNcLzIwMjZcLzAyXC8xLmpwZWcifQ%3D%3D\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1024\" height=\"582\" src=\"https:\/\/monsterblockhk.com\/wp-content\/uploads\/2026\/02\/1-1024x582.jpeg\" class=\"attachment-large size-large wp-image-25620\" alt=\"\" srcset=\"https:\/\/monsterblockhk.com\/wp-content\/uploads\/2026\/02\/1-1024x582.jpeg 1024w, https:\/\/monsterblockhk.com\/wp-content\/uploads\/2026\/02\/1-300x171.jpeg 300w, https:\/\/monsterblockhk.com\/wp-content\/uploads\/2026\/02\/1-768x436.jpeg 768w, https:\/\/monsterblockhk.com\/wp-content\/uploads\/2026\/02\/1.jpeg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"1 | Monsterblockhk\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e31630d elementor-widget elementor-widget-text-editor\" data-id=\"e31630d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"margin-bottom: 1.42em;\"><span style=\"color: #000000; font-family: Rubik, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 300; letter-spacing: normal;\">mNAV \u662f\u9019\u500b\u7b56\u7565\u7684\u95dc\u9375\u6307\u6a19\uff0c\u5b83\u7b49\u65bc\u516c\u53f8\u5e02\u503c\u9664\u4ee5\uff08\u6bd4\u7279\u5e63\u5e02\u503c\u6e1b\u53bb\u50b5\u52d9\u518d\u52a0\u4e0a\u73fe\u91d1\uff09\u3002\u7576 mNAV \u5927\u65bc 1\uff0c\u4ee3\u8868\u5e02\u5834\u9858\u610f\u70ba MSTR \u652f\u4ed8\u6ea2\u50f9\uff0c\u6b64\u6642\u878d\u8cc7\u8cb7\u5e63\u5c0d\u73fe\u6709\u80a1\u6771\u662f\u300c\u589e\u503c\u300d\u7684\uff1b\u53cd\u4e4b\uff0c\u5982\u679c mNAV \u5c0f\u65bc 1\uff0c\u878d\u8cc7\u5c31\u6703\u8b8a\u6210\u300c\u7a00\u91cb\u300d\u7684\uff0c\u6bcf\u80a1\u6bd4\u7279\u5e63\u6301\u6709\u91cf\u53cd\u800c\u6e1b\u5c11\u3002\u622a\u81f3 2026 \u5e74 2 \u6708 25 \u65e5\uff0cStrategy \u7684 <\/span><span style=\"color: #000000; font-family: Rubik, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal;\"><b>mNAV \u70ba 1.22<\/b><\/span><span style=\"color: #000000; font-family: Rubik, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 300; letter-spacing: normal;\">\uff0c\u4ecd\u7136\u8655\u65bc\u76f8\u5c0d\u5b89\u5168\u7684\u5340\u9593\uff0c\u4f46\u904e\u53bb\u5e7e\u500b\u6708\u66fe\u7d93\u77ed\u66ab\u8dcc\u7834 1\uff0c\u80a1\u50f9\u4e5f\u56e0\u6b64\u5927\u8dcc\u8d85\u904e 65%\uff08\u81ea 2025 \u5e74 10 \u6708\u9ad8\u9ede\u7b97\u8d77\uff09\u3002<\/span><\/p><p style=\"margin-bottom: 1.42em;\"><span style=\"color: #000000; font-family: Rubik, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 300; letter-spacing: normal;\">2025 \u5e74\u5168\u5e74\uff0cStrategy \u900f\u904e\u5404\u7a2e\u878d\u8cc7\u5de5\u5177\u7c4c\u96c6\u4e86\u7d04 253 \u5104\u7f8e\u5143\uff0c\u5e7e\u4e4e\u5168\u90e8\u7528\u4f86\u8cfc\u8cb7\u6bd4\u7279\u5e63\u3002\u9019\u5957\u98db\u8f2a\u8b93\u516c\u53f8\u5728\u6bd4\u7279\u5e63\u725b\u5e02\u6642\u80fd\u5feb\u901f\u653e\u5927\u6301\u6709\u91cf\uff0c\u4f46\u5728\u718a\u5e02\u6642\u4e5f\u6703\u9762\u81e8\u58d3\u529b\u3002<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f5a6f61 elementor-widget elementor-widget-heading\" data-id=\"f5a6f61\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-large\"><font color=\"#000000\" face=\"Noto Sans TC, sans-serif\"><span style=\"letter-spacing: normal\">\u50b5\u52d9\u7d50\u69cb\u70ba\u4f55\u5b89\u5168\uff1f\u70ba\u4ec0\u9ebc\u6562\u8aaa\u300c\u6c38\u9060\u4e0d\u8ce3\u6bd4\u7279\u5e63\u300d\uff1f<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3b9d6cd elementor-widget elementor-widget-text-editor\" data-id=\"3b9d6cd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"margin-bottom: 1.42em;\"><span style=\"color: #000000;\"><span style=\"font-size: 16px; letter-spacing: normal;\">\u5f88\u591a\u4eba\u6700\u64d4\u5fc3\u7684\u5c31\u662f\u300c\u6b20\u50b5\u8cb7\u5e63\u6703\u4e0d\u6703\u7834\u7522\u300d\u3002Strategy \u7684\u50b5\u52d9\u8a2d\u8a08\u5176\u5be6\u76f8\u7576\u4fdd\u5b88\u3002\u5f9e\u6587\u521d\u7684\u7db2\u7ad9\u622a\u5716\u4e2d\u770b\u5230\uff0c\u76ee\u524d\u7e3d\u50b5\u52d9\u7d04\u70ba <b>82.54 \u5104\u7f8e\u5143<\/b>\uff0c\u4e3b\u8981\u4f86\u81ea 0% \u5229\u7387\u7684\u53ef\u8f49\u50b5\uff0c\u5230\u671f\u6642\u9593\u5206\u5e03\u5728 2028 \u5e74\u5230 2032 \u5e74\u4e4b\u9593\u3002\u6bd4\u7279\u5e63\u8cc7\u7522\u5e02\u503c 489.09 \u5104\u7f8e\u5143\u9664\u4ee5\u50b5\u52d9 82.54 \u5104\u7f8e\u5143\uff0c\u8cc7\u7522\u50f9\u503c\u5927\u7d04\u662f\u50b5\u52d9\u7684 6 \u500d\uff0c\u9019\u662f\u6975\u70ba\u5f37\u5927\u7684\u7de9\u885d\u3002<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-550e04c elementor-widget elementor-widget-image\" data-id=\"550e04c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/monsterblockhk.com\/wp-content\/uploads\/2026\/02\/image.webp\" data-elementor-open-lightbox=\"yes\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MjU2MzMsInVybCI6Imh0dHBzOlwvXC9tb25zdGVyYmxvY2toay5jb21cL3dwLWNvbnRlbnRcL3VwbG9hZHNcLzIwMjZcLzAyXC9pbWFnZS53ZWJwIn0%3D\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"500\" src=\"https:\/\/monsterblockhk.com\/wp-content\/uploads\/2026\/02\/image.webp\" class=\"attachment-large size-large wp-image-25633\" alt=\"\" srcset=\"https:\/\/monsterblockhk.com\/wp-content\/uploads\/2026\/02\/image.webp 800w, https:\/\/monsterblockhk.com\/wp-content\/uploads\/2026\/02\/image-300x188.webp 300w, https:\/\/monsterblockhk.com\/wp-content\/uploads\/2026\/02\/image-768x480.webp 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" title=\"image | Monsterblockhk\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-68da2f9 elementor-widget elementor-widget-text-editor\" data-id=\"68da2f9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"margin-bottom: 1.42em;\"><span style=\"color: #000000; font-family: Rubik, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 300; letter-spacing: normal;\">\u6b64\u5916\uff0c\u516c\u53f8\u9084\u6709\u7d04 22.5 \u5104\u7f8e\u5143\u7684\u73fe\u91d1\u7de9\u885d\uff0c\u8db3\u4ee5\u8986\u84cb\u672a\u4f86 30 \u500b\u6708\u4ee5\u4e0a\u7684\u512a\u5148\u80a1\u80a1\u606f\u7fa9\u52d9\uff08\u5e74\u5ea6\u7fa9\u52d9\u7d04 8.54 \u5104\u7f8e\u5143\uff09\u3002\u512a\u5148\u80a1\uff08\u5982 STRC \u7cfb\u5217\uff09\u63d0\u4f9b 8% \u81f3 11% \u7684\u80a1\u606f\uff0c\u5438\u5f15\u6536\u76ca\u578b\u6295\u8cc7\u8005\uff0c\u9019\u4e9b\u8cc7\u91d1\u540c\u6a23\u88ab\u7528\u4f86\u8cfc\u8cb7\u6bd4\u7279\u5e63\u6216\u5f37\u5316\u73fe\u91d1\u90e8\u4f4d\u3002<\/span><\/p><p style=\"margin-bottom: 1.42em;\"><font color=\"#000000\"><span style=\"font-size: 16px; letter-spacing: normal;\">\u6a5f\u69cb\u6295\u8cc7\u8005\u5982\u5c0d\u6c96\u57fa\u91d1\u78ba\u5be6\u53ef\u80fd\u900f\u904e\u505a\u7a7a MSTR \u80a1\u7968\u4f86\u58d3\u4f4e\u80a1\u50f9\uff0c\u5c24\u5176\u5728\u6bd4\u7279\u5e63\u50f9\u683c\u6ce2\u52d5\u6642\u3002\u4f46\u8981\u300c\u806f\u5408\u58d3\u50f9\u300d\u5230\u8feb\u4f7f MSTR \u8ce3\u51fa\u7b2c\u4e00\u9846 BTC\uff0c\u9700\u8981\u6975\u7aef\u689d\u4ef6\uff0c\u4f8b\u5982\u50b5\u52d9\u5230\u671f\u7121\u6cd5\u511f\u9084\u6216\u80a1\u50f9\u5d29\u6f70\u5c0e\u81f4\u878d\u8cc7\u65b7\u88c2\u3002<\/span><\/font><\/p>\n<p style=\"margin-bottom: 1.42em;\"><span style=\"color: #000000; font-family: Rubik, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 300; letter-spacing: normal;\">\u503c\u5f97\u7559\u610f\u7684\u662f\uff0c\u5728 2026 \u5e74 2 \u6708 5 \u65e5\u7684 <u><a href=\"https:\/\/www.youtube.com\/shorts\/wO6kuLgobJk\">Q4 \u8ca1\u5831\u96fb\u8a71\u6703\u8b70<\/a><\/u>\u4e2d\uff0cCEO Phong Le \u660e\u78ba\u8868\u793a\uff1a\u300c\u5982\u679c\u6bd4\u7279\u5e63\u50f9\u683c\u4e0b\u8dcc 90% \u81f3 8,000 \u7f8e\u5143\uff0c\u4e26\u7dad\u6301 5 \u5230 6 \u5e74\uff0c\u624d\u6703\u771f\u6b63\u5a01\u8105\u6211\u5011\u7684\u511f\u50b5\u80fd\u529b\u3002\u300d\u5373\u4f7f\u6bd4\u7279\u5e63\u8dcc\u5230 8,000 \u7f8e\u5143\uff0c717,722 \u500b\u6bd4\u7279\u5e63\u4ecd\u503c\u7d04 57.4 \u5104\u7f8e\u5143\uff0c\u52a0\u4e0a\u73fe\u91d1\u7de9\u885d\uff0c\u4ecd\u7136\u8db3\u4ee5\u61c9\u5c0d\u50b5\u52d9\u3002\u516c\u53f8\u5c46\u6642\u53ef\u4ee5\u518d\u878d\u8cc7\u3001\u767c\u884c\u65b0\u80a1\u6216\u91cd\u7d44\u50b5\u52d9\uff0c\u800c\u975e\u88ab\u8feb\u8ce3\u51fa\u6bd4\u7279\u5e63\u3002Michael Saylor \u4e5f\u591a\u6b21\u516c\u958b\u627f\u8afe\uff1a\u300c\u6211\u5011\u6c38\u9060\u4e0d\u6703\u8ce3\u6bd4\u7279\u5e63\u3002\u300d<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-34cdadb elementor-widget elementor-widget-video\" data-id=\"34cdadb\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;youtube_url&quot;:&quot;https:\\\/\\\/www.youtube.com\\\/shorts\\\/wO6kuLgobJk&quot;,&quot;video_type&quot;:&quot;youtube&quot;,&quot;controls&quot;:&quot;yes&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><\/div>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-271fa83 elementor-widget elementor-widget-heading\" data-id=\"271fa83\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-medium\"><font color=\"#000000\" face=\"Noto Sans TC, sans-serif\"><span style=\"letter-spacing: normal\">\u69d3\u687f\u6bd4\u7387\u53ea\u6709 13-14%\uff0c\u718a\u5e02\u70ba\u4f55\u9084\u80fd\u7e7c\u7e8c\u8cb7\u5e63\uff1f<\/span><\/font><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-831dfc8 elementor-widget elementor-widget-text-editor\" data-id=\"831dfc8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"margin-bottom: 1.42em;\"><span style=\"color: #000000;\"><span style=\"font-size: 16px; letter-spacing: normal;\">Strategy \u7684\u50b5\u52d9\u5c0d\u8cc7\u7522\u6bd4\u7387\uff08Debt-to-Asset\uff0c\u6216\u7a31 LTV\uff09\u76ee\u524d\u7d04\u70ba 13-14%\uff0c\u9019\u662f\u6975\u4f4e\u69d3\u687f\u7684\u6c34\u5e73\u3002\u4f4e\u69d3\u687f\u5e36\u4f86\u7684\u597d\u8655\u662f\uff0c\u5373\u4f7f\u6bd4\u7279\u5e63\u50f9\u683c\u5927\u5e45\u4e0b\u8dcc\uff0c\u8cc7\u7522\u50f9\u503c\u4ecd\u7136\u9060\u9ad8\u65bc\u50b5\u52d9\u3002\u4f8b\u5982\u6bd4\u7279\u5e63\u518d\u8dcc 50%\uff0c\u6301\u6709\u50f9\u503c\u4ecd\u7d04 245 \u5104\u7f8e\u5143\uff0c\u9060\u9060\u8d85\u904e 82 \u5104\u7f8e\u5143\u7684\u50b5\u52d9\uff0c\u516c\u53f8\u4e0d\u6703\u9762\u81e8 margin call \u6216\u5f37\u5236\u6e05\u7b97\u3002<\/span><\/span><\/p><p style=\"margin-bottom: 1.42em;\"><span style=\"color: #000000;\"><span style=\"font-size: 16px; letter-spacing: normal;\">\u5728\u9019\u7a2e\u7d50\u69cb\u4e0b\uff0cStrategy \u53ef\u4ee5\u5728\u718a\u5e02\u7e7c\u7e8c\u878d\u8cc7\u8cb7\u5e63\u30022026 \u5e74 2 \u6708 23 \u65e5\uff0c\u516c\u53f8\u6700\u65b0\u4e00\u6b21\u8cfc\u8cb7\u5c31\u82b1\u4e86 4,000 \u842c\u7f8e\u5143\u8cb7\u9032 592 \u500b\u6bd4\u7279\u5e63\u3002\u878d\u8cc7\u65b9\u5f0f\u4e3b\u8981\u662f\u900f\u904e ATM\uff08at-the-market\uff09\u8ce3\u80a1\u6216\u767c\u884c\u512a\u5148\u80a1\uff0c\u5e02\u5834\u9858\u610f\u7e7c\u7e8c\u63d0\u4f9b\u8cc7\u91d1\u7d66\u300c\u5168\u7403\u6700\u5927\u6bd4\u7279\u5e63\u6301\u6709\u4f01\u696d\u300d\u3002\u9019\u6b63\u662f\u4f4e\u69d3\u687f\u7684\u8b77\u57ce\u6cb3\uff0c\u8b93 Strategy \u5728\u5e02\u5834\u4f4e\u8ff7\u6642\u4ecd\u80fd\u7dad\u6301\u300c\u6c38\u7e8c\u8cb7\u5e63\u300d\u7684\u627f\u8afe\u3002<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dcb669a elementor-widget elementor-widget-heading\" data-id=\"dcb669a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-large\"><h2 data-elementor-setting-key=\"title\" data-pen-placeholder=\"Type Here...\" style=\"font-style: normal\"><font color=\"#000000\" face=\"Noto Sans TC, sans-serif\"><span style=\"font-size: 29px;letter-spacing: normal\">MSTR <\/span><\/font><font color=\"#000000\" face=\"Noto Sans TC, sans-serif\" style=\"letter-spacing: 0.2px\"><span style=\"font-size: 29px;letter-spacing: normal\">\u771f\u7684\u662f\u7528\u5225\u4eba\u7684\u9322\u5272\u97ed\u83dc\u55ce\uff1f<\/span><\/font><span style=\"font-family: Rubik, sans-serif;font-style: normal;font-weight: 600;letter-spacing: 0.2px;font-size: 29px\"><\/span><span style=\"font-size: 29px;font-weight: 600;letter-spacing: 0.2px\"><\/span><\/h2><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ab2e336 elementor-widget elementor-widget-text-editor\" data-id=\"ab2e336\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"margin-bottom: 1.42em;\"><span style=\"color: #000000;\"><span style=\"font-size: 16px; letter-spacing: normal;\">\u9019\u7a2e\u8aaa\u6cd5\u6709\u4e00\u5b9a\u8a0e\u8ad6\u7a7a\u9593\uff0c\u4f46\u6574\u9ad4\u4e0a\u4e26\u4e0d\u5b8c\u5168\u5408\u7406\uff0c\u56e0\u70ba\u5b83\u7c21\u5316\u4e86 MSTR \u7684\u5546\u696d\u6a21\u5f0f\uff0c\u4e26\u5ffd\u7565\u4e86\u900f\u660e\u5ea6\u548c\u6295\u8cc7\u8005\u7684\u81ea\u9858\u53c3\u8207\u3002<\/span><\/span><\/p><p style=\"margin-bottom: 1.42em;\"><span style=\"font-family: inherit; font-style: inherit; font-variant-ligatures: inherit; font-variant-caps: inherit; font-weight: inherit; letter-spacing: 0.2px; color: #000000;\"><span style=\"font-size: 16px; letter-spacing: normal;\">MSTR \u4f5c\u70ba\u4e0a\u5e02\u516c\u53f8\uff0c\u900f\u904e\u516c\u958b\u5e02\u5834\u767c\u884c\u80a1\u7968\u548c\u50b5\u5238\u7c4c\u8cc7\uff08<\/span><\/span><span style=\"font-family: Rubik, sans-serif; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 300; color: #000000; font-size: 16px; letter-spacing: normal;\">2025 \u5e74\u767c\u884c\u8d85\u904e 250 \u5104\u7f8e\u5143\u65b0\u80a1\uff09<\/span><span style=\"font-size: 16px; letter-spacing: normal; color: #000000;\">\uff0c\u9019\u4e9b\u8cc7\u91d1\u90e8\u5206\u7528\u4f86\u8cfc\u8cb7 BTC\u3002\u6563\u6236\u6295\u8cc7\u8005\uff08retail investors\uff09\u53ef\u4ee5\u8cb7\u5165 MSTR \u80a1\u7968\u6216\u50b5\u5238\uff0c\u5f9e\u800c\u9593\u63a5\u66b4\u9732\u5728 BTC \u50f9\u683c\u6ce2\u52d5\u4e2d\u3002\u9019\u4e0d\u662f\u76f4\u63a5\u300c\u7528\u6563\u6236\u7684\u9322\u8cb7 BTC\u300d\uff0c\u800c\u662f\u4f01\u696d\u878d\u8cc7\u7684\u4e00\u90e8\u5206\u3002Saylor \u516c\u958b\u5ba3\u63da\u9019\u4e00\u7b56\u7565\uff0c\u8996 BTC \u70ba\u300c\u6578\u5b57\u9ec3\u91d1\u300d\uff0c\u5438\u5f15\u4e86\u76f8\u4fe1\u6bd4\u7279\u5e63\u9577\u671f\u50f9\u503c\u7684\u6295\u8cc7\u8005\u3002<\/span><\/p><p style=\"margin-bottom: 1.42em;\"><span style=\"color: #000000;\"><span style=\"font-size: 16px; letter-spacing: normal;\">\u622a\u81f3 2026 \u5e74 2 \u6708\uff0cMSTR \u662f\u83ef\u723e\u8857\u77ed\u5009\u6bd4\u4f8b\u6700\u9ad8\u7684 250 \u5104\u7f8e\u5143\u4ee5\u4e0a\u80a1\u7968\uff0c\u77ed\u5009\u4f54\u5e02\u503c\u7d04 14%\uff08Goldman Sachs \u6578\u64da\uff09\u3002\u76ee\u524d\u6bd4\u7279\u5e63\u6301\u6709\u4ecd\u6709\u7d04 70 \u5104\u7f8e\u5143\u7684\u672a\u5be6\u73fe\u8667\u640d\uff0c\u8edf\u4ef6\u696d\u52d9\u6536\u5165\u5df2\u9000\u5c45\u6b21\u8981\u5730\u4f4d\u3002Kerrisdale Capital \u7b49\u7a7a\u982d\u6a5f\u69cb\u66f4\u76f4\u6307\uff0c\u4e00\u65e6 mNAV \u9577\u671f\u4f4e\u65bc 1\uff0c\u98db\u8f2a\u5c31\u6703\u65b7\u88c2\uff0c\u80a1\u50f9\u53ef\u80fd\u5d29\u76e4\u3002<\/span><\/span><\/p><p style=\"margin-bottom: 1.42em;\"><span style=\"color: #000000;\"><span style=\"font-size: 16px; letter-spacing: normal;\">\u5f9e\u98a8\u96aa\u89d2\u5ea6\u770b\uff0cMSTR \u7684\u7b56\u7565\u78ba\u5be6\u9ad8\u98a8\u96aa\u3001\u9ad8\u56de\u5831\uff0c\u50cf\u662f\u4e00\u5834\u5c0d BTC \u672a\u4f86\u7684\u300c\u8ced\u6ce8\u300d\u3002BTC \u50f9\u683c\u6975\u7aef\u6ce2\u52d5\uff08\u4f8b\u5982\u5f9e 2021 \u5e74\u9ad8\u9ede\u5230 2022 \u5e74\u4f4e\u9ede\u8dcc\u903e 70%\uff09\uff0cMSTR \u80a1\u50f9\u4e5f\u96a8\u4e4b\u5287\u70c8\u9707\u76ea\u3002\u4f46\u9019\u4e0d\u662f\u7d14\u7cb9\u8ced\u535a\uff0c\u56e0\u70ba\u5b83\u662f\u57fa\u65bc Saylor \u7684\u5b8f\u89c0\u7d93\u6fdf\u8ad6\u9ede\uff08\u53cd\u901a\u8ca8\u81a8\u8139\uff09\uff0c\u4e26\u6709\u4f01\u696d\u8edf\u4ef6\u696d\u52d9\u4f5c\u70ba\u5f8c\u76fe\u3002\u76f8\u6bd4\u50b3\u7d71\u80a1\u7968\uff0c\u9019\u66f4\u50cf\u662f\u69d3\u687f\u6295\u8cc7\uff0c\u800c\u4e0d\u662f\u7121\u8166\u8ced\u535a\u3002\u76e3\u7ba1\u6a5f\u69cb\u5982 SEC \u5df2\u6279\u51c6\u76f8\u95dc\u878d\u8cc7\uff0c\u8996\u70ba\u5408\u6cd5\u6295\u8cc7\u7b56\u7565\u3002<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ed7954c elementor-widget elementor-widget-text-editor\" data-id=\"ed7954c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"margin-bottom: 1.42em;\"><span style=\"color: #000000; font-family: Rubik, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 300; letter-spacing: normal;\">\u9019\u4e9b\u8cea\u7591\u4e26\u975e\u7a7a\u7a74\u4f86\u98a8\uff0c\u5c24\u5176<\/span><span style=\"color: rgb(0, 0, 0); font-family: Rubik, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal;\"><b>\u77ed\u671f\u6295\u6a5f\u8005<\/b><\/span><span style=\"color: #000000; font-family: Rubik, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 300; letter-spacing: normal;\">\u78ba\u5be6\u53ef\u80fd\u8499\u53d7\u91cd\u5927\u640d\u5931\u30022022 \u5e74\u6bd4\u7279\u5e63\u5d29\u8dcc 75% \u6642\uff0cStrategy \u7684 mNAV \u66fe\u8dcc\u81f3 0.7\uff0c\u4f46\u516c\u53f8\u6c92\u6709\u8ce3\u5e63\uff0c\u9760\u878d\u8cc7\u6490\u904e\u5371\u6a5f\u3002<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ff7234f elementor-widget elementor-widget-heading\" data-id=\"ff7234f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-large\"><h2 data-elementor-setting-key=\"title\" data-pen-placeholder=\"Type Here...\" style=\"font-family: Rubik, sans-serif;font-style: normal;letter-spacing: 0.2px\"><font color=\"#000000\" face=\"Noto Sans TC, sans-serif\"><span style=\"font-size: 29px;letter-spacing: normal\">\u4e00\u7a2e\u5408\u6cd5\u7684\u9577\u671f\u6bd4\u7279\u5e63\u69d3\u687f\u7b56\u7565<\/span><\/font><span style=\"font-size: 29px;font-weight: 600;letter-spacing: 0.2px\"><\/span><\/h2><\/h2>\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5c7f772 elementor-widget elementor-widget-text-editor\" data-id=\"5c7f772\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"margin-bottom: 1.42em;\"><span style=\"color: #000000;\"><span style=\"font-size: 16px; letter-spacing: normal;\">Strategy \u7684\u6240\u6709\u8cfc\u8cb7\u548c\u878d\u8cc7\u90fd\u5b8c\u5168\u900f\u660e\uff0c\u6bcf\u7b46\u4ea4\u6613\u90fd\u7533\u5831\u7d66 SEC\uff0c\u5b98\u7db2\u5373\u6642\u66f4\u65b0\u6301\u6709\u91cf\u8207\u6210\u672c\uff0c\u6295\u8cc7\u8005\u81ea\u9858\u53c3\u8207\u3002\u5176\u6b21\uff0c\u81ea 2020 \u5e74\u7b56\u7565\u555f\u52d5\u4ee5\u4f86\uff0c\u5118\u7ba1\u591a\u6b21\u7a00\u91cb\uff0c\u9577\u671f\u6301\u6709\u8005\u4ecd\u7372\u5f97\u6975\u9ad8\u56de\u5831\uff0c\u80a1\u50f9\u5f9e 100 \u7f8e\u5143\u6f32\u5230\u9ad8\u5cf0\u8d85\u904e 1,000 \u7f8e\u5143\u3002\u5982\u679c\u6bd4\u7279\u5e63\u5982 Saylor \u9810\u671f\u9577\u671f\u4e0a\u6f32\uff0c\u5e74\u5316\u56de\u5831\u9060\u8d85\u80a1\u5e02\uff0c\u7a00\u91cb\u53ea\u662f\u6210\u9577\u904e\u7a0b\u4e2d\u7684\u5fc5\u8981\u6210\u672c\u3002<\/span><\/span><\/p><p style=\"margin-bottom: 1.42em;\"><span style=\"color: #000000;\"><span style=\"font-size: 16px; letter-spacing: normal;\">\u518d\u8005\uff0cMSTR \u63d0\u4f9b\u4e86\u4e00\u7a2e\u6bd4\u76f4\u63a5\u8cb7\u6bd4\u7279\u5e63\u66f4\u9ad8\u7684\u69d3\u687f\u66dd\u5149\uff0c\u6f32\u7684\u6642\u5019\u6f32\u5f97\u66f4\u591a\uff0c\u56e0\u6b64\u5438\u5f15\u8a31\u591a\u6a5f\u69cb\u6295\u8cc7\u8005\u3002\u6b77\u53f2\u4e5f\u8b49\u660e\u5176\u97cc\u6027\uff1a2022 \u5e74\u6975\u7aef\u718a\u5e02\u6c92\u6709\u7834\u7522\uff0c2025 \u5e74\u4ecd\u6301\u7e8c\u8cb7\u9032\u8d85\u904e 22.5 \u842c\u500b\u6bd4\u7279\u5e63\u3002\u516c\u53f8\u672a\u4f86\u9084\u8a08\u5283\u63a2\u7d22\u6bd4\u7279\u5e63\u8cb8\u6b3e\u8207\u884d\u751f\u54c1\uff0c\u9010\u6b65\u8f49\u578b\u70ba\u300c\u6bd4\u7279\u5e63\u9280\u884c\u300d\uff0c\u7522\u751f\u771f\u5be6\u6536\u76ca\u3002<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c19ff5a elementor-widget elementor-widget-text-editor\" data-id=\"c19ff5a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"margin-bottom: 1.42em;\"><span style=\"color: #000000;\"><span style=\"font-size: 16px; letter-spacing: normal;\"><b>\u5118\u7ba1\u6a5f\u5236\u6709\u9632\u8b77\uff0c\u98a8\u96aa\u4ecd\u7136\u5f88\u9ad8\uff01<\/b><\/span><\/span><\/p><p style=\"margin-bottom: 1.42em;\"><span style=\"color: #000000;\"><span style=\"font-size: 16px; letter-spacing: normal;\">\u9996\u5148\uff0c\u6bd4\u7279\u5e63\u50f9\u683c\u98a8\u96aa\u6700\u5927\uff1a\u5982\u679c\u9577\u671f\u4f4e\u65bc\u5e73\u5747\u6210\u672c 76,000 \u7f8e\u5143\uff0c\u80a1\u50f9\u6703\u6301\u7e8c\u627f\u58d3\u3002mNAV \u82e5\u9577\u671f\u4f4e\u65bc 1\uff0c\u65b0\u80a1\u767c\u884c\u6703\u56b4\u91cd\u7a00\u91cb\u73fe\u6709\u80a1\u6771\u3002<\/span><\/span><span style=\"font-size: 16px; letter-spacing: normal; color: #000000;\">\u76e3\u7ba1\u653f\u7b56\u8b8a\u5316\u3001\u88ab\u6307\u6578\u5254\u9664\u7b49\u5916\u90e8\u56e0\u7d20\u4e5f\u53ef\u80fd\u5e36\u4f86\u77ed\u671f\u885d\u64ca\uff0c\u6240\u4ee5\u5c0d\u65bc\u98a8\u96aa\u627f\u53d7\u529b\u8d85\u7d1a\u4f4e\u7684\u6295\u8cc7\u65b0\u624b\u4f86\u8aaa\uff0cMSTR \u53ef\u80fd\u4e0d\u662f\u6700\u7a69\u5065\u7684\u9078\u64c7\u3002<\/span><\/p><p style=\"margin-bottom: 1.42em;\"><span style=\"color: #000000;\"><span style=\"font-size: 16px; letter-spacing: normal;\">Strategy \u7684\u300c\u6bd4\u7279\u5e63\u98db\u8f2a\u300d\u662f\u4e00\u7a2e\u9ad8\u98a8\u96aa\u3001\u9ad8\u6f5b\u5728\u56de\u5831\u7684\u5275\u65b0\u6a21\u5f0f\uff0c\u9069\u5408\u771f\u6b63\u9577\u671f\u770b\u597d\u6bd4\u7279\u5e63\u3001\u98a8\u96aa\u627f\u53d7\u529b\u9ad8\u7684\u4eba\u3002\u5b83\u4e0d\u662f\u7a69\u7a69\u8cfa\u7684\u5de5\u5177\uff0c\u800c\u662f\u62bc\u6ce8\u6bd4\u7279\u5e63\u9577\u671f\u4e0a\u6f32\u7684\u69d3\u687f\u4ee3\u7406\u3002 \u5982\u679c\u4f60\u53ea\u662f\u96fb\u8996\u4e0a\u770b\u4e86\u4e00\u773c\u5c31\u5fc3\u52d5\uff0c<b>\u5efa\u8b70\u5148\u51b7\u975c\u4e0b\u4f86\uff1a\u628a\u6642\u9593\u62c9\u9577\u5230 5-10 \u5e74\u3001\u8a55\u4f30\u81ea\u5df1\u80fd\u5426\u627f\u53d7 50% \u4ee5\u4e0a\u56de\u64a4\uff0c\u518d\u8003\u616e\u5c0f\u984d\u914d\u7f6e MSTR<\/b>\u3002<\/span><\/span><\/p><p style=\"margin-bottom: 1.42em;\"><span style=\"color: #000000;\"><span style=\"font-size: 16px; letter-spacing: normal;\">\u5982\u679c\u4f60\u60f3\u7c21\u55ae\u53c3\u8207\u6bd4\u7279\u5e63\uff0c\u76f4\u63a5\u8cb7\u73fe\u8ca8\u6216 ETF \u6703\u66f4\u5b89\u5168\u3002<u><a href=\"https:\/\/www.strategy.com\/\"><b>Strategy \u5b98\u7db2<\/b><\/a><\/u>\u6709\u5373\u6642\u6578\u64da\uff0c\u6bcf\u5b63\u8ca1\u5831\u96fb\u8a71\u6703\u8b70\u90fd\u516c\u958b\u76f4\u64ad\uff0c\u6295\u8cc7\u524d\u52d9\u5fc5\u81ea\u5df1\u505a\u8db3\u529f\u8ab2\u3002<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b3f69fa elementor-widget elementor-widget-text-editor\" data-id=\"b3f69fa\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"color: #000000;\"><span style=\"font-size: 16px; letter-spacing: normal;\">Our <b><a href=\"https:\/\/t.me\/c\/monsterblockhk\/40733%E3%80%82?referrer=grok.com\"><u>Telegram Community<\/u><\/a><\/b>&nbsp;Every day, our members share market opportunities and event updates to help you avoid blind betting and quickly adjust your strategy, now you can join us for free~!<\/span><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fa16a71 elementor-widget elementor-widget-text-editor\" data-id=\"fa16a71\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"margin-bottom: 1.42em;\"><font color=\"#000000\"><span style=\"font-size: 16px; letter-spacing: normal;\">Recent Recent Posts:<\/span><\/font><br><font color=\"#0a0000\"><span style=\"font-size: 16px; letter-spacing: normal;\"><b><u><a href=\"https:\/\/monsterblockhk.com\/en\/2026-on-chain-tool-list\/\">2026 Latest 6 Free Coin Ring Tools Inventory\uff5cWhere to find the data on the chain?<\/a><br><\/u><\/b><\/span><\/font><a href=\"https:\/\/monsterblockhk.com\/en\/okx-web3-wallet-2025\/\" style=\"color: rgb(0, 0, 0); font-weight: bold;\"><u><span style=\"font-size: 16px; letter-spacing: normal;\">2025 Latest OKX Web3 Wallet Tutorial: Does it work? How to create it? A Guide to Safe Operation, Multi-Link Support, and Time-Limited Airdrops<\/span><br><\/u><\/a><u style=\"\"><font color=\"#0a0a0a\"><span style=\"font-size: 16px; letter-spacing: normal;\"><b><a href=\"https:\/\/monsterblockhk.com\/en\/polymarket-insider-guide\/\">2026 Latest Polymarket Tutorial\uff5cHow to find out the insiders and realize the high win rate!<br><\/a><\/b><\/span><\/font><font color=\"#000000\"><span style=\"font-size: 16px; letter-spacing: normal;\"><b><a href=\"https:\/\/monsterblockhk.com\/en\/defi-guide-2025\/\">2025 New DeFi Beginner's Guide\uff5cTeaching you to earn stable money passive income! Introducing 3 popular programs, DeFiLlama tool tutorial!<\/a><\/b><\/span><\/font><\/u><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"has_eae_slider elementor-section elementor-top-section elementor-element elementor-element-169b051 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-eae-slider=\"84957\" data-id=\"169b051\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"has_eae_slider elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-bbef9e9\" data-eae-slider=\"88076\" data-id=\"bbef9e9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2445808 elementor-widget elementor-widget-text-editor\" data-id=\"2445808\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t<p style=\"margin-bottom: 1.42em;\"><font color=\"#000000\" face=\"Rubik, sans-serif\"><span style=\"font-size: 16px; letter-spacing: normal;\"><b>Disclaimer<\/b><\/span><\/font><\/p>\n<p style=\"margin-bottom: 1.42em;\"><font color=\"#000000\" face=\"Rubik, sans-serif\"><span style=\"font-size: 16px; letter-spacing: normal;\">The content of this article is for reference only, investors should exercise independent judgment, invest prudently and at their own risk, this article does not provide or attempt to persuade the audience to do trading or investment basis, the content is for sharing purposes only, and should not be regarded as investment advice.<\/span><\/font><span style=\"color: rgb(0, 0, 0); font-family: Rubik, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal;\">It does not represent the views and position of Monsterblockhk.<\/span><font color=\"#000000\" face=\"Rubik, sans-serif\" style=\"font-style: inherit; font-variant-ligatures: inherit; font-variant-caps: inherit; font-weight: inherit; letter-spacing: 0.2px;\"><span style=\"font-size: 16px; letter-spacing: normal;\">All information and opinions are current as of the date of the judgment. In addition, if a judgment is rendered on a<\/span><\/font><span style=\"font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; color: rgb(0, 0, 0); font-family: Rubik, sans-serif; font-size: 16px; letter-spacing: normal;\">In this site<\/span><span style=\"font-size: 16px; letter-spacing: normal; color: rgb(0, 0, 0);\">Any content related to virtual asset trading platforms that have not yet obtained a license to operate virtual asset trading platforms in Hong Kong, including but not limited to text introductions, pictures, offers, events, etc., are only available to users outside the Hong Kong Special Administrative Region.<\/span><\/p>\n<p style=\"margin-bottom: 1.42em;\"><span style=\"color: rgb(0, 0, 0); font-family: Rubik, sans-serif; font-size: 16px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; letter-spacing: normal;\">According to the Hong Kong Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Ordinance 2022, after June 1, 2023, all centralized virtual asset trading platforms operating in Hong Kong or actively promoting their services to Hong Kong investors will be licensed and regulated by the SFC, and any related unlicensed activities will be a criminal offence. For more information and details of the legislation, users may refer to the SFC website.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1bde6ff elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"1bde6ff\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>\u5982\u679c\u4f60\u6700\u8fd1\u5728\u65b0\u805e\u6216\u7db2\u7d61\u4e0a\u770b\u5230 Michael Saylor \u983b\u983b\u73fe\u8eab\uff0c\u8b1b\u8ff0\u4ed6\u7684\u516c\u53f8\u5982\u4f55\u7528\u6578\u767e\u5104\u7f8e\u5143\u8cb7\u6bd4\u7279\u5e63\uff0c\u5fc3 [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":25570,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"0","ocean_second_sidebar":"0","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"0","ocean_custom_header_template":"0","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"0","ocean_menu_typo_font_family":"0","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"0","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"off","ocean_gallery_id":[],"footnotes":""},"categories":[59,32],"tags":[],"class_list":["post-25568","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","category-new-articles","entry","has-media"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/monsterblockhk.com\/en\/wp-json\/wp\/v2\/posts\/25568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/monsterblockhk.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monsterblockhk.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monsterblockhk.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/monsterblockhk.com\/en\/wp-json\/wp\/v2\/comments?post=25568"}],"version-history":[{"count":70,"href":"https:\/\/monsterblockhk.com\/en\/wp-json\/wp\/v2\/posts\/25568\/revisions"}],"predecessor-version":[{"id":25643,"href":"https:\/\/monsterblockhk.com\/en\/wp-json\/wp\/v2\/posts\/25568\/revisions\/25643"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/monsterblockhk.com\/en\/wp-json\/wp\/v2\/media\/25570"}],"wp:attachment":[{"href":"https:\/\/monsterblockhk.com\/en\/wp-json\/wp\/v2\/media?parent=25568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monsterblockhk.com\/en\/wp-json\/wp\/v2\/categories?post=25568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monsterblockhk.com\/en\/wp-json\/wp\/v2\/tags?post=2556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