企業比特幣（BTC）國庫在特朗普關稅觸發市場拋售後，價值超過$ 4B

數據顯示，在美國總統唐納德·特朗普的關稅引發了全球市場拋售之後，企業比特幣（BTC）的國債統稱超過40億美元。

U.S. President Donald Trump’s tariffs triggered a global market sell-off that also wiped out more than $4 billion in value from corporate Bitcoin (BTC) treasuries, according to data from BitcoinTreasuries.net.

根據BitCointReasuries.net的數據，美國總統唐納德·特朗普的關稅引發了全球市場的拋售，該市場的銷售也引發了全球銷售，該市場的價值也超過40億美元。

As of April 7, corporate Bitcoin holdings are worth approximately $54.5 billion in the aggregate, down from roughly $59 billion before April 2.

截至4月7日，公司比特幣控股的總價值約為545億美元，低於4月2日之前的大約590億美元。

The cryptocurrency’s volatility has also weighed on publicly traded Bitcoin holders’ share prices.

加密貨幣的波動也使公開交易的比特幣持有人的股價權衡。

The Bitwise Bitcoin Standard Corporations ETF (OWNB) — an exchange-traded fund (ETF) tracking a diverse basket of corporate Bitcoin holders — has lost more than 13% since Trump announced sweeping U.S. import tariffs on April 2, according to Yahoo Finance.

根據Yahoo Finance的數據，Yahoo Finance稱，自特朗普宣佈於4月2日宣布批准美國進口關稅以來，比特比特幣標準公司ETF（OWNB） - 一家交易所交易基金（ETF）損失了13％以上。

Even shares of (NYSE:STRG) Strategy — the de facto Bitcoin hedge fund founded by Michael Saylor that pioneered corporate Bitcoin buying — are down, clocking losses of more than 13% since April 2, Google Finance data showed.

Google Finance Data顯示，即使是（NYSE：Strg）策略的股票 - 邁克爾·賽勒（Michael Saylor）創立的事實上的比特幣對沖基金，其開創性的公司比特幣購買 - 自4月2日以來的損失超過13％。

The losses highlight ongoing concerns about Bitcoin’s increasing popularity as a corporate treasury asset. Historically, corporate treasuries hold extremely low-risk assets like U.S. Treasury Bills.

損失凸顯了對比特幣作為公司財政資產日益普及的持續關注。從歷史上看，企業庫中擁有非常低風險的資產，例如美國國庫賬單。

“Cryptocurrencies' high volatility and uncertain regulatory landscape are misaligned with the fundamental goals of treasury management [such as] stability, liquidity, and capital preservation,” David Krause, a finance professor at Marquette University, said in a January research publication.

馬奎特大學（Marquette University）的金融教授戴維·克勞斯（David Krause）在一月的一份研究出版物中說：“加密貨幣的高波動性和不確定的監管格局與財政部管理的基本目標（例如穩定，流動性和資本保存）的基本目標不一致。”

Entities holding Bitcoin. Source: BitcoinTreasuries.NET

持有比特幣的實體。資料來源：比特幣庫.net

Related: Bitcoin, showing ‘signs of resilience’, beats stocks, gold as equities fold — Binance

相關：比特幣，顯示“彈性的跡象”，擊敗股票，黃金作為股票折疊 - binance

Is Bitcoin right for corporate treasuries?

比特幣適合公司國庫嗎？

In 2024, surging Bitcoin prices pushed Strategy’s shares up more than 350%, according to data from FinanceCharts.

根據FinanceCharts的數據，2024年，比特幣價格上漲提高了戰略的股票超過350％。

Strategy’s success has inspired dozens of copycats, but investors are becoming skeptical.

策略的成功激發了數十個模仿者，但投資者變得持懷疑態度。

In March, GameStop (NYSE:GME) lost nearly $3 billion in market capitalization as shareholders second-guessed the videogame retailer’s plans to stockpile Bitcoin.

3月，GameStop（NYSE：GME）損失了近30億美元的市值，因為股東第二次猜測電子遊戲零售商儲備比特幣的計劃。

“There are question marks with GameStop's model. If bitcoin is going to be the pivot, where does that leave everything else?” Bret Kenwell, U.S. investment analyst at eToro, told Reuters on March 27.

“ GameStop的模型有問號。如果比特幣將成為樞紐，那將留在哪裡？”埃托羅（Etoro）的美國投資分析師布雷特·肯威爾（Bret Kenwell）於3月27日對路透社表示。

The case for Bitcoin as a corporate treasury asset. Source: Fidelity Digital Assets

比特幣作為公司財政資產的案例。資料來源：保真數字資產

Still, adding Bitcoin to corporate treasuries can “potentially be a valuable hedge against growing fiscal deficits, currency debasement, and geopolitical risks,” asset manager Fidelity Digital Assets said in a 2024 report.

儘管如此，在2024年的一份報告中說，在公司國庫中增加比特幣可能是“有可能成為越來越多的財政赤字，貨幣貶低和地緣政治風險的寶貴對沖”。

That thesis may already be playing out as Trump’s tariffs rattle markets, Binance said in an April 7 research report.

Binance在4月7日的研究報告中說，隨著特朗普的關稅撥浪市場的關稅，該論文可能已經在發揮作用。

“[I]n the wake of recent tariff announcements, BTC has shown some signs of resilience, holding steady or rebounding on days when traditional risk assets faltered.”

“在最近的關稅公告中，BTC表現出了一些彈性的跡象，在傳統風險資產流動時，在幾天內保持穩定或反彈。”

Investors “will be watching closely to see if BTC is able to retain its appeal as a non-sovereign, permissionless asset in a protectionist global economy,” according to the report.

該報告稱，投資者“將密切關注BTC是否能夠保留其作為貿易保護主義全球經濟中無許可的資產的吸引力。”

Magazine: Bitcoin heading to $70K soon? Crypto baller funds SpaceX flight: Hodler’s Digest, March 30 – April 5

雜誌：比特幣即將到達7萬美元？ Crypto Baller資金SpaceX Flight：Hodler's Digest，3月30日至4月5日