{"id":180018,"date":"2026-05-30T10:13:43","date_gmt":"2026-05-30T10:13:43","guid":{"rendered":"https:\/\/ktromedia.com\/?p=180018"},"modified":"2026-05-30T10:13:43","modified_gmt":"2026-05-30T10:13:43","slug":"bstr-%e5%88%9b%e5%a7%8b%e4%ba%ba%ef%bc%9a%e6%af%94%e7%89%b9%e5%b8%81%e9%87%91%e5%ba%93%e7%a9%ba%e9%97%b4%e4%bb%8d%e6%8b%a5%e6%9c%89%e7%9b%b8%e5%bd%93%e4%b8%80%e9%83%a8%e5%88%86%e5%98%89","status":"publish","type":"post","link":"https:\/\/ktromedia.com\/?p=180018","title":{"rendered":"BSTR \u521b\u59cb\u4eba\uff1a\u6bd4\u7279\u5e01\u91d1\u5e93\u7a7a\u95f4\u4ecd\u62e5\u6709\u76f8\u5f53\u4e00\u90e8\u5206\u201c\u5609\u5e74\u534e\u5df4\u514b\u65af\u201d"},"content":{"rendered":"<div data-testid=\"post__body\">\n<p>\u4e00\u4f4d\u884c\u4e1a\u9ad8\u7ba1\u8868\u793a\uff0c\u6bd4\u7279\u5e01\u8d44\u91d1\u516c\u53f8\u7684\u7a7a\u95f4\u5728\u62e5\u6709\u5b9e\u9645\u8d22\u52a1\u7b56\u7565\u7684\u516c\u53f8\u548c\u66f4\u503e\u5411\u4e8e\u4fc3\u9500\u7684\u516c\u53f8\u4e4b\u95f4\u53d8\u5f97\u8d8a\u6765\u8d8a\u5206\u5316\u3002<\/p>\n<p>\u201c\u6211\u8ba4\u4e3a\u4ed6\u4eec\u4e2d\u7684\u5f88\u591a\u4eba\u90fd\u6ca1\u6709\u6b63\u786e\u7684\u8d44\u672c\u7ed3\u6784\uff0c\u5bf9\u5427\u3002\u4ed6\u4eec\u6ca1\u6709\u80fd\u529b\u5b9e\u9645\u90e8\u7f72\u6bd4\u7279\u5e01\uff0c\u201d\u8096\u6069\u00b7\u6bd4\u5c14\uff08Sean Bill\uff09\u2014\u2014\u6bd4\u7279\u5e01\u8d22\u52a1\u516c\u53f8 BSTR \u7684\u8054\u5408\u521b\u59cb\u4eba\uff0c\u4e0e Adam Back \u4e00\u8d77\u2014\u2014 <a href=\"https:\/\/www.youtube.com\/watch?v=4a7mgGdITu0\" rel=\"nofollow noopener\"><span style=\"text-decoration: underline;\">\u8bf4<\/span><\/a>  \u5468\u4e8c\u5728 YouTube \u4e0a\u53d1\u5e03\u7684 Cointelegraph \u91c7\u8bbf\u4e2d\u3002<\/p>\n<p>\u201c\u4ed6\u4eec\u771f\u7684\u8ba1\u5212\u8ba9\u6bd4\u7279\u5e01\u4e3a\u4ed6\u4eec\u8bf4\u8bdd\uff0c\u201d\u6bd4\u5c14\u8bf4\u3002 \u201c\u6211\u786e\u5b9e\u8ba4\u4e3a\u8fd9\u4e2a\u9886\u57df\u6709\u5f88\u591a\u72c2\u6b22\u8282\u53eb\u5356\u8005\uff0c\u201d\u6bd4\u5c14\u8bf4\u3002<\/p>\n<figure><\/figure>\n<p style=\"text-align: center;\"><em>\u8096\u6069\u00b7\u6bd4\u5c14 (Sean Bill) \u5728 BitcoinVegas \u63a5\u53d7 Cointelegraph \u91c7\u8bbf\u3002\u6765\u6e90\uff1a <\/em><a href=\"https:\/\/www.youtube.com\/watch?v=4a7mgGdITu0&amp;t=26s\" rel=\"nofollow noopener\"><em>\u8054\u5408\u7535\u8baf\u62a5<\/em><\/a><\/p>\n<p>\u6bd4\u5c14\u8868\u793a\uff0c\u5982\u679c\u4e00\u5bb6\u516c\u53f8\u201c\u80fd\u591f\u4ee5\u5ec9\u4ef7\u4e14\u5bb9\u6613\u7684\u65b9\u5f0f\u5728\u5e02\u573a\u4e0a\u83b7\u5f97\u6760\u6746\u4f5c\u7528\u201d\uff0c\u90a3\u4e48\u8fd9\u79cd\u505a\u6cd5\u5728\u4e00\u5b9a\u7a0b\u5ea6\u4e0a\u4f1a\u5f88\u6709\u6548\u3002\u6bd4\u5c14\u89e3\u91ca\u8bf4\uff0c\u5982\u679c\u6ca1\u6709\uff0c\u516c\u53f8\u5fc5\u987b\u4ece\u4e8b\u5176\u4ed6\u6d3b\u52a8\u6765\u589e\u52a0\u4ef7\u503c\uff0c\u800c\u4e0d\u4ec5\u4ec5\u662f\u6301\u6709\u6bd4\u7279\u5e01\u3002\u6bd4\u5c14\u8bf4\uff1a\u201c\u5426\u5219\uff0c\u6295\u8d44\u8005\u5c31\u4f1a\u9009\u62e9 ETF\uff0c\u5e76\u4e14\u53ea\u4f7f\u7528\u8fd9\u6837\u7684\u7b80\u5355\u4ea7\u54c1\u3002\u201d<\/p>\n<p>\u6bd4\u7279\u5e01\u91d1\u5e93\u516c\u53f8\u4e00\u76f4\u662f\u8fd9\u4e00\u5468\u671f\u4e2d\u6700\u53d7\u5173\u6ce8\u7684\u8bdd\u9898\u4e4b\u4e00\uff0c\u4f46\u8be5\u884c\u4e1a\u662f\u5426\u6b63\u5728\u5f62\u6210\u6ce1\u6cab\u7684\u95ee\u9898\u4e00\u76f4\u5b58\u5728\u3002\u867d\u7136\u4f01\u4e1a\u6bd4\u7279\u5e01\u56fd\u503a\u6709\u52a9\u4e8e\u63a8\u52a8\u9700\u6c42\uff0c\u4f46\u5b83\u4eec\u4e5f\u5e26\u6765\u4e86\u7cfb\u7edf\u6027\u98ce\u9669\u3002\u6e23\u6253\u94f6\u884c\u6570\u5b57\u8d44\u4ea7\u4e3b\u7ba1\u6770\u592b\u00b7\u80af\u5fb7\u91cc\u514b (Geoff Kendrick) \u5728 2025 \u5e74 6 \u6708 3 \u65e5\u7ed9\u6295\u8d44\u8005\u7684\u62a5\u544a\u4e2d\u8868\u793a\uff0c\u4ef7\u683c\u5927\u5e45\u4e0b\u8dcc\u53ef\u80fd\u4f1a\u5f15\u53d1\u5927\u89c4\u6a21\u6e05\u7b97\uff0c\u800c\u76d1\u7ba1\u548c\u5e02\u573a\u6210\u719f\u53ef\u80fd\u4f1a\u4fb5\u8680\u6bd4\u7279\u5e01\u4ee3\u7406\u80a1\u7968\u7684\u6ea2\u4ef7\u3002<\/p>\n<p><em><strong>\u6709\u5173\u7684\uff1a <\/strong><\/em><a href=\"https:\/\/cointelegraph.com\/markets\/bitcoin-plums-new-six-week-lows-as-analyst-eyes-btc-price-dip-end-at-72k\"><span style=\"text-decoration: underline;\"><em><strong>\u5206\u6790\u5e08\u9884\u8ba1\u6bd4\u7279\u5e01\u4ef7\u683c\u8dcc\u81f3 7.2 \u4e07\u7f8e\u5143\uff0c\u6bd4\u7279\u5e01\u8dcc\u81f3\u516d\u5468\u65b0\u4f4e<\/strong><\/em><\/span><\/a><\/p>\n<p>\u6709 198 \u5bb6\u4e0a\u5e02\u516c\u53f8\u603b\u5171\u6301\u6709\u7ea6 125 \u4e07\u679a\u6bd4\u7279\u5e01\uff0c <a href=\"https:\/\/bitcointreasuries.net\/\" rel=\"nofollow noopener\"><span style=\"text-decoration: underline;\">\u6839\u636e<\/span><\/a>  \u6bd4\u7279\u5e01\u56fd\u503a\u6570\u636e\u3002 Michael Saylor&#8217;s Strategy \u662f\u6700\u5927\u7684\u4e0a\u5e02\u516c\u53f8\u6301\u6709\u8005\uff0c\u62e5\u6709 843,738 \u679a\u6bd4\u7279\u5e01\u3002<\/p>\n<p>\u5468\u4e09\uff0cCointelegraph \u62a5\u9053\u79f0 <a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-treasury-nakamoto-falls-67-reverse-stock-split\"><span style=\"text-decoration: underline;\">\u6bd4\u7279\u5e01\u8d22\u52a1\u516c\u53f8<\/span><\/a>  \u4e2d\u672c\u806a (NAKA) \u80a1\u4ef7\u4eca\u5e74\u8fc4\u4eca\u5df2\u4e0b\u8dcc\u7ea6 67%\uff0c\u8f83 2025 \u5e74 5 \u6708\u6bcf\u80a1\u7ea6 34 \u7f8e\u5143\u7684\u5cf0\u503c\u4e0b\u8dcc\u4e86 99% \u4ee5\u4e0a\uff0c\u5e76\u5728 4 \u6708\u4efd\u8fbe\u5230\u6bcf\u80a1\u7ea6 0.16 \u7f8e\u5143\u7684\u4f4e\u70b9\u3002 <a href=\"https:\/\/cointelegraph.com\/news\/nakamoto-1-for-40-reverse-stock-split-nasdaq-bitcoin-treasury\"><span style=\"text-decoration: underline;\">\u53cd\u5411\u80a1\u7968\u5206\u5272<\/span><\/a>  \u5728\u5468\u4e94\u3002<\/p>\n<p>\u636e\u7f8e\u56fd\u8bc1\u5238\u4ea4\u6613\u59d4\u5458\u4f1a (SEC) \u79f0\uff0c\u7eb3\u65af\u8fbe\u514b\u53bb\u5e74 12 \u6708\u8b66\u544a\u8be5\u516c\u53f8\uff0c\u5982\u679c\u5176\u80a1\u4ef7\u8fde\u7eed 30 \u5929\u4f4e\u4e8e 1 \u7f8e\u5143\uff0c\u8be5\u516c\u53f8\u5c06\u88ab\u6458\u724c\u3002 <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1946573\/000149315225027527\/form8-k.htm\" rel=\"nofollow noopener\"><span style=\"text-decoration: underline;\">\u5f52\u6863<\/span><\/a>\u3002<\/p>\n<p><em><strong>\u6742\u5fd7\uff1a <\/strong><\/em><a href=\"https:\/\/cointelegraph-magazine.com\/hyperliquid-hype-bitcoin-ethereum-xrp-market-moves\/\" rel=\"nofollow noopener\"><span style=\"text-decoration: underline;\"><em><strong>HYPE\u8ffd\u9010100\u7f8e\u5143\u76ee\u6807\uff0cETH\u53ef\u80fd\u8dcc\u78341800\u7f8e\u5143\uff1a\u5e02\u573a\u8d70\u52bf<\/strong><\/em><\/span><\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u4e00\u4f4d\u884c\u4e1a\u9ad8\u7ba1\u8868\u793a\uff0c\u6bd4\u7279\u5e01\u8d44\u91d1\u516c\u53f8\u7684\u7a7a\u95f4\u5728\u62e5\u6709\u5b9e\u9645\u8d22\u52a1\u7b56\u7565\u7684\u516c\u53f8\u548c\u66f4\u503e\u5411\u4e8e\u4fc3\u9500\u7684\u516c\u53f8\u4e4b\u95f4\u53d8\u5f97\u8d8a\u6765\u8d8a\u5206\u5316\u3002 \u201c\u6211\u8ba4\u4e3a\u4ed6\u4eec\u4e2d\u7684\u5f88\u591a\u4eba\u90fd\u6ca1\u6709\u6b63\u786e\u7684\u8d44\u672c\u7ed3\u6784\uff0c\u5bf9\u5427\u3002\u4ed6\u4eec\u6ca1\u6709\u80fd\u529b\u5b9e\u9645\u90e8\u7f72\u6bd4\u7279\u5e01\uff0c\u201d\u8096\u6069\u00b7\u6bd4\u5c14\uff08Sean Bill\uff09\u2014\u2014\u6bd4\u7279\u5e01\u8d22\u52a1\u516c\u53f8 BSTR \u7684\u8054\u5408\u521b\u59cb\u4eba\uff0c\u4e0e Adam Back \u4e00\u8d77\u2014\u2014 \u8bf4 \u5468\u4e8c\u5728 YouTube \u4e0a\u53d1\u5e03\u7684 Cointelegraph \u91c7\u8bbf\u4e2d\u3002 \u201c\u4ed6\u4eec\u771f\u7684\u8ba1\u5212\u8ba9\u6bd4\u7279\u5e01\u4e3a\u4ed6\u4eec\u8bf4\u8bdd\uff0c\u201d\u6bd4\u5c14\u8bf4\u3002 \u201c\u6211\u786e\u5b9e\u8ba4\u4e3a\u8fd9\u4e2a\u9886\u57df\u6709\u5f88\u591a\u72c2\u6b22\u8282\u53eb\u5356\u8005\uff0c\u201d\u6bd4\u5c14\u8bf4\u3002 \u8096\u6069\u00b7\u6bd4\u5c14 (Sean Bill) \u5728 BitcoinVegas \u63a5\u53d7 Cointelegraph \u91c7\u8bbf\u3002\u6765\u6e90\uff1a \u8054\u5408\u7535\u8baf\u62a5 \u6bd4\u5c14\u8868\u793a\uff0c\u5982\u679c\u4e00\u5bb6\u516c\u53f8\u201c\u80fd\u591f\u4ee5\u5ec9\u4ef7\u4e14\u5bb9\u6613\u7684\u65b9\u5f0f\u5728\u5e02\u573a\u4e0a\u83b7\u5f97\u6760\u6746\u4f5c\u7528\u201d\uff0c\u90a3\u4e48\u8fd9\u79cd\u505a\u6cd5\u5728\u4e00\u5b9a\u7a0b\u5ea6\u4e0a\u4f1a\u5f88\u6709\u6548\u3002\u6bd4\u5c14\u89e3\u91ca\u8bf4\uff0c\u5982\u679c\u6ca1\u6709\uff0c\u516c\u53f8\u5fc5\u987b\u4ece\u4e8b\u5176\u4ed6\u6d3b\u52a8\u6765\u589e\u52a0\u4ef7\u503c\uff0c\u800c\u4e0d\u4ec5\u4ec5\u662f\u6301\u6709\u6bd4\u7279\u5e01\u3002\u6bd4\u5c14\u8bf4\uff1a\u201c\u5426\u5219\uff0c\u6295\u8d44\u8005\u5c31\u4f1a\u9009\u62e9 ETF\uff0c\u5e76\u4e14\u53ea\u4f7f\u7528\u8fd9\u6837\u7684\u7b80\u5355\u4ea7\u54c1\u3002\u201d \u6bd4\u7279\u5e01\u91d1\u5e93\u516c\u53f8\u4e00\u76f4\u662f\u8fd9\u4e00\u5468\u671f\u4e2d\u6700\u53d7\u5173\u6ce8\u7684\u8bdd\u9898\u4e4b\u4e00\uff0c\u4f46\u8be5\u884c\u4e1a\u662f\u5426\u6b63\u5728\u5f62\u6210\u6ce1\u6cab\u7684\u95ee\u9898\u4e00\u76f4\u5b58\u5728\u3002\u867d\u7136\u4f01\u4e1a\u6bd4\u7279\u5e01\u56fd\u503a\u6709\u52a9\u4e8e\u63a8\u52a8\u9700\u6c42\uff0c\u4f46\u5b83\u4eec\u4e5f\u5e26\u6765\u4e86\u7cfb\u7edf\u6027\u98ce\u9669\u3002\u6e23\u6253\u94f6\u884c\u6570\u5b57\u8d44\u4ea7\u4e3b\u7ba1\u6770\u592b\u00b7\u80af\u5fb7\u91cc\u514b (Geoff Kendrick) \u5728 2025 \u5e74 6 \u6708 3 \u65e5\u7ed9\u6295\u8d44\u8005\u7684\u62a5\u544a\u4e2d\u8868\u793a\uff0c\u4ef7\u683c\u5927\u5e45\u4e0b\u8dcc\u53ef\u80fd\u4f1a\u5f15\u53d1\u5927\u89c4\u6a21\u6e05\u7b97\uff0c\u800c\u76d1\u7ba1\u548c\u5e02\u573a\u6210\u719f\u53ef\u80fd\u4f1a\u4fb5\u8680\u6bd4\u7279\u5e01\u4ee3\u7406\u80a1\u7968\u7684\u6ea2\u4ef7\u3002 \u6709\u5173\u7684\uff1a \u5206\u6790\u5e08\u9884\u8ba1\u6bd4\u7279\u5e01\u4ef7\u683c\u8dcc\u81f3 7.2 \u4e07\u7f8e\u5143\uff0c\u6bd4\u7279\u5e01\u8dcc\u81f3\u516d\u5468\u65b0\u4f4e \u6709 198 \u5bb6\u4e0a\u5e02\u516c\u53f8\u603b\u5171\u6301\u6709\u7ea6 125 \u4e07\u679a\u6bd4\u7279\u5e01\uff0c \u6839\u636e \u6bd4\u7279\u5e01\u56fd\u503a\u6570\u636e\u3002 Michael Saylor&#8217;s Strategy \u662f\u6700\u5927\u7684\u4e0a\u5e02\u516c\u53f8\u6301\u6709\u8005\uff0c\u62e5\u6709 843,738 \u679a\u6bd4\u7279\u5e01\u3002 \u5468\u4e09\uff0cCointelegraph<\/p>\n","protected":false},"author":1,"featured_media":180019,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[38],"tags":[],"class_list":{"0":"post-180018","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BSTR \u521b\u59cb\u4eba\uff1a\u6bd4\u7279\u5e01\u91d1\u5e93\u7a7a\u95f4\u4ecd\u62e5\u6709\u76f8\u5f53\u4e00\u90e8\u5206\u201c\u5609\u5e74\u534e\u5df4\u514b\u65af\u201d - Ktromedia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktromedia.com\/?p=180018\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BSTR \u521b\u59cb\u4eba\uff1a\u6bd4\u7279\u5e01\u91d1\u5e93\u7a7a\u95f4\u4ecd\u62e5\u6709\u76f8\u5f53\u4e00\u90e8\u5206\u201c\u5609\u5e74\u534e\u5df4\u514b\u65af\u201d - Ktromedia\" \/>\n<meta property=\"og:description\" content=\"\u4e00\u4f4d\u884c\u4e1a\u9ad8\u7ba1\u8868\u793a\uff0c\u6bd4\u7279\u5e01\u8d44\u91d1\u516c\u53f8\u7684\u7a7a\u95f4\u5728\u62e5\u6709\u5b9e\u9645\u8d22\u52a1\u7b56\u7565\u7684\u516c\u53f8\u548c\u66f4\u503e\u5411\u4e8e\u4fc3\u9500\u7684\u516c\u53f8\u4e4b\u95f4\u53d8\u5f97\u8d8a\u6765\u8d8a\u5206\u5316\u3002 \u201c\u6211\u8ba4\u4e3a\u4ed6\u4eec\u4e2d\u7684\u5f88\u591a\u4eba\u90fd\u6ca1\u6709\u6b63\u786e\u7684\u8d44\u672c\u7ed3\u6784\uff0c\u5bf9\u5427\u3002\u4ed6\u4eec\u6ca1\u6709\u80fd\u529b\u5b9e\u9645\u90e8\u7f72\u6bd4\u7279\u5e01\uff0c\u201d\u8096\u6069\u00b7\u6bd4\u5c14\uff08Sean Bill\uff09\u2014\u2014\u6bd4\u7279\u5e01\u8d22\u52a1\u516c\u53f8 BSTR \u7684\u8054\u5408\u521b\u59cb\u4eba\uff0c\u4e0e Adam Back \u4e00\u8d77\u2014\u2014 \u8bf4 \u5468\u4e8c\u5728 YouTube \u4e0a\u53d1\u5e03\u7684 Cointelegraph \u91c7\u8bbf\u4e2d\u3002 \u201c\u4ed6\u4eec\u771f\u7684\u8ba1\u5212\u8ba9\u6bd4\u7279\u5e01\u4e3a\u4ed6\u4eec\u8bf4\u8bdd\uff0c\u201d\u6bd4\u5c14\u8bf4\u3002 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