在川普政府發布之前，美國公司紛紛投入比特幣投資

自川普總統去年宣布將成為「虛擬貨幣總統」以來，已有70多家上市公司開始投資比特幣。

US companies are piling into bitcoin ahead of the launch of President-elect Donald Trump's administration.

在當選總統川普政府上台之前，美國公司紛紛湧入比特幣。

The New York Times reported on the 8th (local time) that more than 70 listed companies have begun investing in bitcoin since President Trump announced last year that he would become a “crypto president.”

《紐約時報》8日（當地時間）報告稱，自川普總統去年宣布將成為「加密貨幣總統」以來，已有70多家上市公司開始投資比特幣。

It marks a dramatic shift away from the traditional approach of corporate finance departments, which have been focused on preserving cash rather than chasing higher returns.

它標誌著企業財務部門傳統方法的巨大轉變，傳統方法一直專注於保留現金而不是追求更高的回報。

MicroStrategy is the world's largest bitcoin holder. A software company, MicroStrategy has been buying bitcoin since 2020 and currently holds more than $40bn in the cryptocurrency. Its stock has risen by about 2,000 per cent over the past four years.

MicroStrategy 是全球最大的比特幣持有者。軟體公司 MicroStrategy 自 2020 年以來一直在購買比特幣，目前持有價值超過 400 億美元的加密貨幣。過去四年裡，其股價上漲了約 2,000%。

A growing number of companies are following suit. Rumble, a conservative social media company, announced in November that it would put $20m of its cash into bitcoin. The company's shares have risen by about 70 per cent since the announcement.

越來越多的公司紛紛效法。保守派社群媒體公司 Rumble 在 11 月宣布將 2,000 萬美元現金投入比特幣。自公告發布以來，該公司股價已上漲約70%。

Simon Gerovich, chief executive of Meta Planet, a Japanese investment company, has also said that he will increase Meta Planet's bitcoin holdings to 10,000 this year.

日本投資公司Meta Planet執行長Simon Gerovich也曾表示，今年他將把Meta Planet的比特幣持有量增加至1萬枚。

And Joe Davie, chief executive of marketing technology company Banzai, announced in November that he would put up to 10 per cent of its $4.3m cash holdings into bitcoin. “The bitcoin investment will help protect the company if the value of the US dollar falls due to inflation,” Davie said.

行銷科技公司 Banzai 的執行長 Joe Davie 在 11 月宣布，他將把其持有的 430 萬美元現金中的 10% 投入比特幣。戴維表示：“如果美元因通貨膨脹而貶值，比特幣投資將有助於保護公司。”

California medical device maker Semler Scientific has gone even further, ploughing the bulk of its corporate assets into bitcoin. The company used to put its corporate funds towards acquiring other businesses or buying back its own stock. But now it is pursuing higher returns through bitcoin.

加州醫療設備製造商 Semler Scientific 走得更遠，將其大部分公司資產投入比特幣。該公司過去常常將公司資金用於收購其他業務或回購自己的股票。但現在它正在透過比特幣追求更高的回報。

As the price of bitcoin has surged, even companies with no obvious links to cryptocurrency are getting involved. The coin investment, once seen as a fringe activity, is now becoming a mainstream corporate practice, the NYT said.

隨著比特幣價格的飆升，即使是與加密貨幣沒有明顯聯繫的公司也開始涉足其中。 《紐約時報》稱，曾經被視為邊緣活動的代幣投資現在正成為主流企業做法。

However, the move contrasts sharply with the traditional approach of corporate finance departments, which have been tasked with protecting cash. Now, they are shifting their stance towards taking on more risk in a bid to generate higher returns.

然而，此舉與企業財務部門的傳統做法形成鮮明對比，後者的任務是保護現金。現在，他們正在轉變立場，轉向承擔更多風險，以產生更高的回報。

There are also concerns about companies buying bitcoin. Banzai chief Davie said he received a complaint call from shareholders asking “what the hell is going on?” after announcing his bitcoin investment plan.

人們也擔心公司購買比特幣。 Banzai 執行長戴維表示，他接到股東的投訴電話，詢問“到底發生了什麼事？”在宣布他的比特幣投資計劃後。

Naresh Agarwal, deputy director of the Association for Corporate Finance Executives, said: “I don't understand how risk-averse boards are putting money into digital assets. The cryptocurrency is very volatile, so such investments can't be justified.”

公司財務主管協會副主任 Naresh Agarwal 表示：「我不明白規避風險的董事會如何將資金投入數位資產。加密貨幣的波動性非常大，因此此類投資是不合理的。

“Now, even people who don't invest in bitcoin will be exposed to its volatility,” said Duke University law professor Curtis J. Reiner.

杜克大學法學教授 Curtis J. Reiner 表示：“現在，即使是不投資比特幣的人也會受到其波動性的影響。”