企业比特币（BTC）国库在特朗普关税触发市场抛售后，价值超过$ 4B

数据显示，在美国总统唐纳德·特朗普的关税引发了全球市场抛售之后，企业比特币（BTC）的国债统称超过40亿美元。

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.

根据BitCointReasuries.net的数据，美国总统唐纳德·特朗普的关税引发了全球市场的抛售，该市场的销售也引发了全球销售，该市场的价值也超过40亿美元。

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，公司比特币控股的总价值约为545亿美元，低于4月2日之前的大约590亿美元。

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

加密货币的波动也使公开交易的比特币持有人的股价权衡。

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.

根据Yahoo Finance的数据，Yahoo Finance称，自特朗普宣布于4月2日宣布批准美国进口关税以来，比特比特币标准公司ETF（OWNB） - 一家交易所交易基金（ETF）损失了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显示，即使是（NYSE：Strg）策略的股票 - 迈克尔·赛勒（Michael Saylor）创立的事实上的比特币对冲基金，其开创性的公司比特币购买 - 自4月2日以来的损失超过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.

损失凸显了对比特币作为公司财政资产日益普及的持续关注。从历史上看，企业库中拥有非常低风险的资产，例如美国国库账单。

“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.

马奎特大学（Marquette University）的金融教授戴维·克劳斯（David Krause）在一月的一份研究出版物中说：“加密货币的高波动性和不确定的监管格局与财政部管理的基本目标（例如稳定，流动性和资本保存）的基本目标不一致。”

Entities holding Bitcoin. Source: BitcoinTreasuries.NET

持有比特币的实体。资料来源：比特币库.net

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

相关：比特币，显示“弹性的迹象”，击败股票，黄金作为股票折叠 - binance

Is Bitcoin right for corporate treasuries?

比特币适合公司国库吗？

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

根据FinanceCharts的数据，2024年，比特币价格上涨提高了战略的股票超过350％。

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

策略的成功激发了数十个模仿者，但投资者变得持怀疑态度。

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）损失了近30亿美元的市值，因为股东第二次猜测电子游戏零售商储备比特币的计划。

“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的模型有问号。如果比特币将成为枢纽，那将留在哪里？”埃托罗（Etoro）的美国投资分析师布雷特·肯威尔（Bret Kenwell）于3月27日对路透社表示。

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

比特币作为公司财政资产的案例。资料来源：保真数字资产

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.

尽管如此，在2024年的一份报告中说，在公司国库中增加比特币可能是“有可能成为越来越多的财政赤字，货币贬低和地缘政治风险的宝贵对冲”。

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日的研究报告中说，随着特朗普的关税拨浪市场的关税，该论文可能已经在发挥作用。

“[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.”

“在最近的关税公告中，BTC表现出了一些弹性的迹象，在传统风险资产流动时，在几天内保持稳定或反弹。”

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.

该报告称，投资者“将密切关注BTC是否能够保留其作为贸易保护主义全球经济中无许可的资产的吸引力。”

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

杂志：比特币即将到达7万美元？ Crypto Baller资金SpaceX Flight：Hodler's Digest，3月30日至4月5日