{"id":3512,"date":"2026-03-03T04:48:29","date_gmt":"2026-03-02T20:48:29","guid":{"rendered":"http:\/\/www.jineng168.com\/?p=3512"},"modified":"2026-03-03T04:48:29","modified_gmt":"2026-03-02T20:48:29","slug":"%e8%a7%82%e7%82%b9%ef%bc%9a%e4%b8%8a%e5%b8%82%e5%85%ac%e5%8f%b8%e7%ad%b9%e8%b5%84%e8%b4%ad%e4%b9%b0%e6%af%94%e7%89%b9%e5%b8%81%e6%98%af%e3%80%8c%e6%af%92%e3%80%8d%e6%9d%a0%e6%9d%86","status":"publish","type":"post","link":"http:\/\/www.jineng168.com\/?p=3512","title":{"rendered":"\u89c2\u70b9\uff1a\u4e0a\u5e02\u516c\u53f8\u7b79\u8d44\u8d2d\u4e70\u6bd4\u7279\u5e01\u662f\u300c\u6bd2\u300d\u6760\u6746"},"content":{"rendered":"<h1 class=\"art_tit\">\u89c2\u70b9\uff1a\u4e0a\u5e02\u516c\u53f8\u7b79\u8d44\u8d2d\u4e70\u6bd4\u7279\u5e01\u662f\u300c\u6bd2\u300d\u6760\u6746<\/h1>\n<div class=\"content_text\">\n<div class=\"quote\">                        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\/><\/p>\n<p>\u4f46\u8be5\u98de\u8f6e\u7684\u5173\u952e\u662f\uff0c\u666e\u901a\u80a1\u80a1\u4e1c\u624d\u662f\u8fd9\u4e9b\u8d22\u52a1\u8d44\u4ea7\u7684\u6700\u7ec8\u6301\u6709\u8005\u3002\u6240\u6709\u8fd9\u4e9b\u7b79\u8d44\u673a\u5236\u6700\u7ec8\u90fd\u4f1a\u5bfc\u81f4\u666e\u901a\u80a1\u88ab\u7a00\u91ca\uff0c\u5c06\u80a1\u7968\u51fa\u552e\u5230\u5e02\u573a\u4e0a\u6765\u4e3a\u8fd9\u4e2a\u98de\u8f6e\u63d0\u4f9b\u8d44\u91d1\u3002<\/p>\n<p>MSTR \u4e3b\u8981\u91c7\u7528\u7684\u65b9\u6cd5\u662f\u53d1\u884c\u65b0\u80a1\uff08ATM\uff09\uff0c\u4ee5\u5b9e\u73b0\u589e\u503c\u7a00\u91ca\u3002\u5982\u679c mNAV\uff08PANews \u6ce8\uff1a\u4ee3\u8868\u76ee\u524d\u80a1\u4ef7\u548c\u5176\u62e5\u6709\u6bd4\u7279\u5e01\u7684\u4ef7\u503c\u6bd4\uff09\u5927\u4e8e 1.0\uff0c\u8fd9\u79cd\u65b9\u6cd5\u6548\u679c\u5f88\u597d\u3002\u4f46\u95ee\u9898\u662f\u8fd9\u79cd\u6760\u6746\u4f9d\u8d56\u4e8e\u53d1\u884c\u65b0\u80a1\u6765\u6ee1\u8db3\u5176\u73b0\u91d1\u6d41\u3002\u5982\u679c MSTR 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\u4ebf\u7f8e\u5143\u7684\u6b64\u7c7b\u8bc1\u5238\u5728\u6d41\u901a\uff0c\u652f\u4ed8\u8fd9\u4e9b\u6b3e\u9879\u8fd8\u662f\u6709\u53ef\u80fd\u7684\u3002\u4f46 Saylor \u63d0\u51fa\u8981\u53d1\u884c 3 \u4e07\u4ebf\u7f8e\u5143\u7684\u6b64\u7c7b\u8bc1\u5238\uff0c\u6bcf\u5e74\u9700\u8981\u7a00\u91ca 3000 \u4ebf\u7f8e\u5143\u7684\u80a1\u4e1c\u6743\u76ca\uff0c\u8fd9\u663e\u7136\u65e0\u6cd5\u81ea\u5706\u5176\u8bf4\u3002<\/p>\n<p>\u90a3\u4e48\u8fd9\u4e00\u5207\u4f1a\u5982\u4f55\u7206\u53d1\uff1f\u4e00\u5207\u90fd\u59cb\u4e8e mNAV\uff0cmNAV \u81f3\u5173\u91cd\u8981\u3002\u5b83\u662f\u751f\u547d\uff0c\u662f\u6d3b\u529b\u3002\u5982\u679c mNAV \u51fa\u73b0\u95ee\u9898\uff0c\u516c\u53f8\u7b79\u96c6\u8d44\u91d1\u7684\u80fd\u529b\u4e5f\u5c06\u968f\u4e4b\u6d88\u5931\uff0c\u800c\u503a\u52a1\u8f6c\u6362\u4f1a\u635f\u5bb3 mNAV\uff0c\u516c\u53f8\u4f1a\u5931\u53bb\u507f\u8fd8\u503a\u52a1\u7684\u80fd\u529b\u3002<\/p>\n<p>GBTC \u662f\u53e6\u4e00\u53ea\u5728 2021 \u5e74\u725b\u5e02\u4e2d\u7206\u7ea2\u7684\u5c01\u95ed\u5f0f\u57fa\u91d1\u3002\u4eba\u4eec\u7528\u5b83\u6765\u6295\u8d44 BTC\uff0c\u56e0\u4e3a\u5f53\u65f6\u4ed6\u4eec\u73b0\u6709\u7684\u8d26\u6237\u4e0d\u5141\u8bb8\u3002<\/p>\n<p>\u5982\u4eca\uff0cMSTR \u88ab\u4e70\u5165\u7684\u539f\u56e0\u4e5f\u5927\u81f4\u76f8\u540c\u3002\u95ee\u9898\u5728\u4e8e\uff1a\u6bd4\u7279\u5e01\u7684\u83b7\u53d6\u6e20\u9053\u8d8a\u6765\u8d8a\u591a\u3002<\/p>\n<p>GBTC \u662f\u4e00\u53ea\u5c01\u95ed\u5f0f\u57fa\u91d1\uff0c\u5176\u4ef7\u683c\u76f8\u5bf9\u4e8e\u6807\u7684\u8d44\u4ea7\u5b58\u5728\u6ea2\u4ef7\u6216\u6298\u4ef7\u3002\u4e00\u65e6\u5bf9\u8fd9\u79cd\u6295\u8d44\u6e20\u9053\u7684\u9700\u6c42\u67af\u7aed\uff0c\u8be5\u57fa\u91d1\u8d2d\u4e70\u65b0\u8d44\u4ea7\u7684\u9700\u6c42\u4e5f\u968f\u4e4b\u51cf\u5c11\u3002<\/p>\n<p>\u4e00\u65e6 mNAV \u88ab\u51fb\u57ae\uff0c\u9700\u6c42\u4e5f\u5c31\u6ca1\u4e86\u3002<\/p>\n<p><img decoding=\"async\" class=\"formatImage\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250526\/17f2e20d595e46adb5a90bea9d326fb3.jpg\" \/><\/p>\n<p>\u4e00\u65e6 mNAV \u8dcc\u7834 1.0\uff0cMSTR \u7684\u7b79\u8d44\u80fd\u529b\u5c06\u4f1a\u9677\u5165\u56f0\u5883\uff0c\u5176\u60c5\u5f62\u4e0e GBTC \u8d2d\u4e70\u610f\u613f\u548c\u80fd\u529b\u7684\u4e27\u5931\u9887\u4e3a\u76f8\u4f3c\u3002<\/p>\n<p>\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0cmNAV \u5b8c\u5168\u57fa\u4e8e\u5e02\u573a\u60c5\u7eea\u3002\u6ca1\u6709\u4efb\u4f55\u673a\u5236\u6216\u7406\u7531\u8981\u6c42\u5b83\u5fc5\u987b\u6309\u7167\u8d44\u4ea7\u4ef7\u503c\u8fdb\u884c\u4ea4\u6613\u3002<\/p>\n<p><img decoding=\"async\" class=\"formatImage\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250526\/6c96aa6cbf4857d3faa770f77591ba5a.jpg\" \/><\/p>\n<p>\u5f53 mNAV \u4e0b\u8dcc\u65f6\uff0c\u672a\u6765\u7ee7\u7eed\u7b79\u96c6\u8d44\u91d1\uff08\u4ee5\u53ca\u8d2d\u4e70\u6bd4\u7279\u5e01\uff09\u7684\u80fd\u529b\u5c31\u4f1a\u51cf\u5f31\uff0c\u80a1\u7968\u7684\u9884\u671f\u4ef7\u503c\u4e5f\u4f1a\u968f\u4e4b\u964d\u4f4e\u3002\u5982\u679c\u5728\u4e0d\u5229\u6761\u4ef6\u4e0b\u88ab\u8feb\u53d1\u653e\u503a\u52a1\u80a1\u606f\uff0c\u8fd9\u79cd\u60c5\u51b5\u53ef\u80fd\u4f1a\u53cd\u8fc7\u6765\u52a0\u5267\u3002<\/p>\n<p>\u53ef\u8f6c\u6362\u503a\u5238\u4f7f\u60c5\u51b5\u66f4\u52a0\u590d\u6742\u3002\u76ee\u524d\uff0cMSTR \u62e5\u6709 82 \u4ebf\u7f8e\u5143\u7684\u53ef\u8f6c\u6362\u503a\u5238\uff0c\u5c06\u4e8e 2028 \u5e74\u81f3 2032 \u5e74\u9646\u7eed\u5230\u671f\u3002\u8fd9\u4e9b\u503a\u5238\u7684\u98ce\u9669\u4e0d\u5728\u4e8e\u4ef7\u683c\uff0c\u65e0\u8bba\u6bd4\u7279\u5e01\u4ef7\u683c\u6da8\u8dcc\uff08\u5728\u5408\u7406\u8303\u56f4\u5185\uff09\uff0c\u503a\u5238\u90fd\u4e0d\u4f1a\u300c\u7206\u4ed3\u300d\u6216\u8ffd\u52a0\u4fdd\u8bc1\u91d1\u3002<\/p>\n<p>\u53ef\u8f6c\u6362\u503a\u5238\u7684\u95ee\u9898\u5728\u4e8e\u5176\u540d\u79f0\u3002\u5b83\u9700\u8981\u8f6c\u6362\u3002MSTR \u80a1\u7968\u9700\u8981\u5347\u503c\u5230\u9884\u5148\u8bbe\u5b9a\u7684\u4ef7\u683c\u6c34\u5e73\uff0c\u624d\u80fd\u4f7f\u503a\u5238\u8f6c\u6362\u4e3a\u65b0\u80a1\u53d1\u884c\u3002\u8bf7\u8bb0\u4f4f\uff1a\u8fd9\u4e2a\u89e6\u53d1\u70b9\u662f MSTR \u7684\u80a1\u4ef7\uff0c\u5b83\u57fa\u4e8e mNAV \u6d6e\u52a8\uff0c\u800c mNAV 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\u516c\u5f00\u8868\u793a\u4ed6\u4e5f\u4f1a\u8fd9\u4e48\u505a\u3002<\/p>\n<p><img decoding=\"async\" class=\"formatImage\" src=\"https:\/\/s2.flink2.com\/news\/other\/20250526\/a7105559937d2ae85a724396619e1e46.jpg\" \/><\/p>\n<p>\u8fd9\u4e0d\u662f\u91d1\u878d\u9769\u547d\u3002\u8fd9\u662f\u5e9e\u6c0f\u9a97\u5c40\u7684\u72c2\u70ed\u5206\u5b50\u8ffd\u9010\u6760\u6746\u3002\u4e2a\u4eba\u6301\u6709\u6bd4\u7279\u5e01\u5df2\u7ecf\u5f88\u4e45\u4e86\uff0c\u770b\u5230\u6bd4\u7279\u5e01\u7684 OG \u4eec\u4e3a Saylor \u6b22\u547c\uff0c\u800c\u4ed6\u5374\u7528\u6bd4\u7279\u5e01\u91cd\u6f14 2008 \u5e74\u90a3\u5957\u91d1\u878d\u5de5\u7a0b\uff0c\u5b9e\u5728\u4ee4\u4eba\u75db\u5fc3\u3002\u8981\u77e5\u9053\u6b63\u662f\u8fd9\u5957\u624b\u6bb5\u5bfc\u81f4\u4e86\u6bd4\u7279\u5e01\u7684\u8bde\u751f\u3002<\/p>\n<\/p><\/div>\n<div class=\"pl30 pr30 pb30\">\n<p class=\"f18 fw\">\u6b22\u8fce\u52a0\u5165\u6df1\u6f6eTechFlow\u5b98\u65b9\u793e\u7fa4<\/p>\n<div class=\"line32 mt20\">                        Telegram\u8ba2\u9605\u7fa4\uff1ahttps:\/\/t.me\/TechFlowDaily<br \/>                        Twitter\u5b98\u65b9\u8d26\u53f7\uff1ahttps:\/\/x.com\/TechFlowPost<br \/>                        Twitter\u82f1\u6587\u8d26\u53f7\uff1ahttps:\/\/x.com\/BlockFlow_News                    <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u89c2\u70b9\uff1a\u4e0a\u5e02\u516c\u53f8\u7b79\u8d44\u8d2d\u4e70\u6bd4\u7279\u5e01\u662f\u300c\u6bd2\u300d\u6760\u6746 \u53d1\u884c\u66f4\u591a\u666e\u901a\u80a1\uff0c\u7a00\u91ca\u73b0\u6709\u80a1\u4e1c\u7684\u6743\u76ca\uff0c\u8fd9\u79cd\u6760\u6746\u6700\u7ec8\u4f1a\u5230\u671f\u3002 \u64b0\u6587\uff1alo 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