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大方BigFang
@dafangbigfang
大方BigFang
@YouTuber
holder of #
BTC
# A BlockChain Enthusiast Media Tree:
Joined April 2020
606
Following
8.2K
Followers
大方BigFang
@dafangbigfang
2026.09.29 16:03
Saylor這篇文章寫得很複雜,翻成普通話很簡單: 他想把Strategy做成一台以BTC為底座的金融機器。MSTR負責承受高波動,STRC通過優先股、現金儲備和可調股息,把部分波動包裝成美元收益。 BTC本身不會產生利息。STRC的收益來自Strategy持續融資、發行股票、管理現金,必要時賣出部分BTC。 這台機器需要三個條件:BTC繼續上漲、MSTR維持溢價、資本市場繼續給錢。任何一環出問題,股息、融資和稀釋壓力都會一起冒出來。 “Digital Credit”這個名字很新,裡面裝的還是結構化金融,只是核心資產換成了BTC。
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Michael Saylor
@saylor
2026.09.29 13:36
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0
3
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