{"id":6231,"date":"2026-01-13T03:19:16","date_gmt":"2026-01-12T19:19:16","guid":{"rendered":"https:\/\/www.onchainhtx.com\/?p=6231"},"modified":"2026-01-13T03:19:16","modified_gmt":"2026-01-12T19:19:16","slug":"%e4%bc%81%e4%b8%9a%e3%80%8c%e5%9b%a4%e5%b8%81%e3%80%8d%e4%b8%8d%e6%98%af%e4%b8%87%e7%81%b5%e4%b8%b9%ef%bc%81vc-%e7%a4%ba%e8%ad%a6%ef%bc%9a%e6%af%94%e7%89%b9%e5%b8%81%e8%b4%a2%e5%8a%a1%e5%85%ac","status":"publish","type":"post","link":"https:\/\/www.onchainhtx.com\/?p=6231","title":{"rendered":"\u4f01\u4e1a\u300c\u56e4\u5e01\u300d\u4e0d\u662f\u4e07\u7075\u4e39\uff01VC \u793a\u8b66\uff1a\u6bd4\u7279\u5e01\u8d22\u52a1\u516c\u53f8\u6050\u9677\u300c\u6b7b\u4ea1\u87ba\u65cb\u300d"},"content":{"rendered":"<p> 2025 \u5e74\uff0c\u6bd4\u7279\u5e01\u6210\u4e3a\u4f01\u4e1a\u8d44\u4ea7\u914d\u7f6e\u65b0\u663e\u5b66\uff0c\u4e0d\u5c11\u4e0a\u5e02\u516c\u53f8\u62a2\u8fdb\u5e03\u5c40\uff0c\u8c6a\u63b7\u91cd\u91d1\u8d2d\u4e70\u6bd4\u7279\u5e01\u3001\u5750\u7b49\u589e\u503c\u3002\u7136\u800c\uff0c\u98ce\u9669\u6295\u8d44\u673a\u6784 Breed \u5374\u793a\u8b66\u79f0\uff0c\u8fd9\u80a1\u98ce\u6f6e\u80cc\u540e\u6f5c\u85cf\u7ed3\u6784\u6027\u98ce\u9669\uff0c\u591a\u6570\u4e13\u6ce8\u4e8e\u300c\u56e4\u5e01\u300d\u7684\u4f01\u4e1a\u6050\u5c06\u9677\u5165\u300c\u6b7b\u4ea1\u87ba\u65cb\u300d\u3002<br \/>\n<BR \/> <\/p>\n<p>2025 \u5e74\uff0c\u6bd4\u7279\u5e01\u6210\u4e3a\u4f01\u4e1a\u8d44\u4ea7\u914d\u7f6e\u65b0\u663e\u5b66\uff0c\u4e0d\u5c11\u4e0a\u5e02\u516c\u53f8\u62a2\u8fdb\u5e03\u5c40\uff0c\u8c6a\u63b7\u91cd\u91d1\u8d2d\u4e70\u6bd4\u7279\u5e01\u3001\u5750\u7b49\u589e\u503c\u3002\u7136\u800c\uff0c\u98ce\u9669\u6295\u8d44\u673a\u6784 Breed \u5374\u793a\u8b66\u79f0\uff0c\u8fd9\u80a1\u98ce\u6f6e\u80cc\u540e\u6f5c\u85cf\u7ed3\u6784\u6027\u98ce\u9669\uff0c\u591a\u6570\u4e13\u6ce8\u4e8e\u300c\u56e4\u5e01\u300d\u7684\u4f01\u4e1a\u6050\u5c06\u9677\u5165\u300c\u6b7b\u4ea1\u87ba\u65cb\u300d\uff0c\u5c24\u5176\u662f\u5e02\u503c\u8d34\u8fd1\u5e10\u9762\u8d44\u4ea7\u51c0\u503c\uff08NAV\uff0c\u603b\u8d44\u4ea7\u51cf\u53bb\u8d1f\u503a\uff09\u7684\u516c\u53f8\uff0c\u6700\u7ec8\u5c06\u88ab\u5e02\u573a\u6dd8\u6c70\uff0c\u5e78\u5b58\u8005\u6050\u5be5\u5be5\u65e0\u51e0\u3002<\/p>\n<p>Breed \u62a5\u544a\u76f4\u8a00\uff0c\u8fd9\u573a\u6b8b\u9177\u8d5b\u5c40\u7684\u5173\u952e\uff0c\u5e76\u4e0d\u5728\u4e8e\u624b\u4e0a\u63e1\u6709\u591a\u5c11\u6bd4\u7279\u5e01\uff0c\u800c\u662f\u5728\u4e8e\u4f01\u4e1a\u80fd\u5426\u957f\u671f\u7ef4\u6301\u300c\u5e02\u503c\u5bf9\u8d44\u4ea7\u51c0\u503c\u7684\u6ea2\u4ef7\u6bd4\u300d\uff08Multiple on Net Asset Value\uff0cMNAV\uff09\u3002\u552f\u6709\u4fdd\u4f4f\u8fd9\u5c42\u6ea2\u4ef7\uff0c\u4f01\u4e1a\u624d\u80fd\u6301\u7eed\u53d6\u5f97\u8d44\u672c\u5e02\u573a\u4fe1\u4efb\uff0c\u8fdb\u800c\u63a8\u52a8\u957f\u671f\u6301\u5e01\u7b56\u7565\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/06\/0197b833-be80-7f6c-a686-eb6adaea1595-768x448.webp\" alt=\"\" width=\"768\" height=\"448\" \/><\/p>\n<p>\u5bf9\u6b64\uff0cBreed \u8fd8\u8be6\u7ec6\u5217\u51fa\u4e00\u5bb6\u62e5\u6709\u6bd4\u7279\u5e01\u50a8\u5907\u7684\u4e0a\u5e02\u4f01\u4e1a\uff0c\u5982\u4f55\u6b65\u5165\u6b7b\u4ea1\u87ba\u65cb\u7684\u300c7 \u5927\u9636\u6bb5\u300d\uff1a<\/p>\n<p><BR \/><\/p>\n<p>Breed \u5728\u62a5\u544a\u4e2d\u6307\u51fa\uff0c\u771f\u6b63\u80fd\u5728\u5982\u6b64\u4e25\u5cfb\u7684\u5faa\u73af\u4e2d\u7a81\u56f4\u7684\u516c\u53f8\uff0c\u5fc5\u987b\u5177\u5907\u4ee5\u4e0b\u7279\u8d28\uff1a\u5f3a\u5927\u7684\u9886\u5bfc\u529b\u3001\u7eaa\u5f8b\u4e25\u8c28\u7684\u6267\u884c\u7b56\u7565\u3001\u7075\u6d3b\u800c\u6709\u8fdc\u89c1\u7684\u884c\u9500\u89c4\u5212\uff0c\u4ee5\u53ca\u5728\u5e02\u573a\u6ce2\u52a8\u4e2d\u4ecd\u80fd\u6301\u7eed\u63d0\u5347\u300c\u6bcf\u80a1\u6bd4\u7279\u5e01\u6301\u6709\u91cf\u300d\u7684\u72ec\u7279\u7ecf\u8425\u6a21\u5f0f\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/blockcast.it\/wp-content\/uploads\/2025\/06\/0197b836-a798-72fb-9f2c-b13c288f2fac.webp\" alt=\"\" width=\"1362\" height=\"794\" \/><\/p>\n<p>\u80a1\u6743\u878d\u8d44\u6210\u9632\u706b\u5899\uff1f\u98ce\u9669\u4ecd\u53ef\u80fd\u8f6c\u5411<\/p>\n<p>\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0cBreed \u8fd8\u63d0\u5230\uff0c\u7531\u4e8e\u76ee\u524d\u5927\u591a\u6570\u6bd4\u7279\u5e01\u8d22\u52a1\u516c\u53f8\u4ecd\u4ee5\u300c\u80a1\u6743\u878d\u8d44\u300d\u4e3a\u4e3b\uff0c\u800c\u975e\u5927\u89c4\u6a21\u4f9d\u8d56\u4e3e\u503a\u64cd\u4f5c\uff0c\u56e0\u6b64\u6574\u4f53\u5e02\u573a\u98ce\u9669\u5c1a\u53ef\u63a7\uff0c\u300c\u5373\u4f7f\u4e2a\u522b\u4f01\u4e1a\u9762\u4e34\u56f0\u5883\uff0c\u53ea\u8981\u672a\u5927\u89c4\u6a21\u6760\u6746\u64cd\u4f5c\uff0c\u5d29\u76d8\u6548\u5e94\u4e0d\u81f3\u4e8e\u5168\u9762\u6269\u6563\u300d\u3002<\/p>\n<p>\u7136\u800c\uff0cBreed \u8b66\u544a\u79f0\uff0c\u8fd9\u79cd\u76f8\u5bf9\u5b89\u5168\u7684\u5c40\u9762\u53ef\u80fd\u53ea\u662f\u6682\u65f6\u7684\u3002\u4e00\u65e6\u5e02\u573a\u60c5\u7eea\u8f6c\u5411\u3001\u4f01\u4e1a\u7eb7\u7eb7\u6539\u4ee5\u4e3e\u503a\u65b9\u5f0f\u589e\u6301\u6bd4\u7279\u5e01\uff0c\u672a\u6765\u5c06\u53ef\u80fd\u52a0\u5267\u98ce\u9669\u5916\u6ea2\uff0c\u5bfc\u81f4\u7c7b\u4f3c\u91d1\u878d\u5371\u673a\u7684\u8fde\u9501\u6548\u5e94\u3002<\/p>\n<p>\u81ea Strategy\uff08\u524d MicroStrategy\uff09\u6267\u884c\u957f Michael Saylor \u4e8e 2020 \u5e74\u7387\u5148\u5c06\u6bd4\u7279\u5e01\u7eb3\u5165\u516c\u53f8\u8d44\u4ea7\u8d1f\u503a\u8868\uff0c\u5f00\u542f\u6240\u8c13\u7684\u300c\u6bd4\u7279\u5e01\u4f01\u4e1a\u8d44\u4ea7\u914d\u7f6e\u300d\uff08Bitcoin Treasury\uff09\u98ce\u6f6e\u540e\uff0c\u8fd9\u80a1\u8d8b\u52bf\u5df2\u5728 2025 \u5e74\u8fdb\u5165\u5168\u76db\u671f\u3002<\/p>\n<p>\u6839\u636e BitcoinTreasuries \u6570\u636e\uff0c\u76ee\u524d\u5df2\u6709\u8d85\u8fc7 250 \u5bb6\u6cd5\u4eba\u673a\u6784\u5c06\u6bd4\u7279\u5e01\u7eb3\u5165\u8d44\u4ea7\u914d\u7f6e\uff0c\u6db5\u76d6\u4f01\u4e1a\u3001\u653f\u5e9c\u5355\u4f4d\u3001 ETF \u3001\u9000\u4f11\u57fa\u91d1\u4e43\u81f3\u52a0\u5bc6\u8d44\u4ea7\u670d\u52a1\u5546\uff0c\u6210\u4e3a\u65b0\u4e00\u4ee3\u5bf9\u6297\u6cd5\u5e01\u901a\u81a8\u4e0e\u8d27\u5e01\u653f\u7b56\u4e0d\u786e\u5b9a\u6027\u7684\u907f\u9669\u5de5\u5177\u3002<\/p>\n<p>\u7136\u800c\uff0c\u6700\u7ec8\u8c01\u80fd\u80dc\u51fa\uff0c\u4ecd\u5c06\u53d6\u51b3\u4e8e\u4f01\u4e1a\u662f\u5426\u5177\u5907\u7a33\u5065\u7b56\u7565\u4e0e\u52a8\u6001\u8c03\u8282\u8d44\u672c\u7ed3\u6784\u7684\u80fd\u529b\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>2025 \u5e74\uff0c\u6bd4\u7279\u5e01\u6210\u4e3a\u4f01\u4e1a\u8d44\u4ea7\u914d\u7f6e\u65b0\u663e\u5b66\uff0c\u4e0d\u5c11\u4e0a\u5e02\u516c\u53f8\u62a2\u8fdb\u5e03\u5c40\uff0c\u8c6a\u63b7\u91cd\u91d1\u8d2d\u4e70\u6bd4\u7279\u5e01\u3001\u5750\u7b49\u589e\u503c\u3002\u7136\u800c\uff0c\u98ce\u9669\u6295\u8d44&#8230;<\/p>\n","protected":false},"author":3,"featured_media":5985,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-6231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.onchainhtx.com\/index.php?rest_route=\/wp\/v2\/posts\/6231","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.onchainhtx.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.onchainhtx.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.onchainhtx.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.onchainhtx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6231"}],"version-history":[{"count":1,"href":"https:\/\/www.onchainhtx.com\/index.php?rest_route=\/wp\/v2\/posts\/6231\/revisions"}],"predecessor-version":[{"id":8803,"href":"https:\/\/www.onchainhtx.com\/index.php?rest_route=\/wp\/v2\/posts\/6231\/revisions\/8803"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.onchainhtx.com\/index.php?rest_route=\/wp\/v2\/media\/5985"}],"wp:attachment":[{"href":"https:\/\/www.onchainhtx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.onchainhtx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.onchainhtx.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}