与「SATS」相关的搜索结果

Watch the full recording of our Q2 2026 earnings call. Prepared Remarks 00:00:00 - Welcome 00:01:20 - 843,775 BTC, 203,683 sats per share, $17B raised year to date, and Strategy’s position as the largest institutional holder of Bitcoin 00:03:27 - Q2 balance sheet: $49.7B of digital assets, $3.75B current USD reserve, lower debt, higher preferred equity, and strong stress-case coverage 00:08:57 - Bitcoin KPIs: 4.5% BTC Yield, 29,997 BTC Gain, and ~3.6x growth in Bitcoin per share since 2020 00:12:47 - Q2 execution: higher Bitcoin holdings, lower debt, larger USD reserves, stronger Bitcoin per share, and active capital management 00:15:03 - Strategy as a net buyer of Bitcoin and net issuer of Digital Credit: 48x more BTC bought than sold and 300x more Digital Credit issued than repurchased 00:18:47 - Returning $STRC to $99–$100 through USD reserves, Bitcoin monetization, repurchases, dividend management, and disciplined issuance 00:24:50 - Bitcoin liquidity: why Strategy’s bitcoin purchases and sales are not material to overall Bitcoin trading volume 00:33:03 - Bitcoin as Digital Capital: website metrics, the 200-week moving average, current headwinds, Bitcoin Dominance, banking adoption, and security coordination 00:44:08 - $STRC as flagship Digital Credit: liquidity, lower volatility, market depth, yield, investor base, path to par, and updated credit metrics 01:05:04 - Equity framework: hurdle rate, breakeven rate, floor rate, market skepticism, $MSTR outperformance, franchise advantages, and Strategy’s long-term ambition Q&A 01:19:31 - Why Bitcoin-backed borrowing is not currently the preferred path to build USD reserves 01:23:11 - Why Strategy is consolidating around $STRC instead of creating more instruments or selling volatility 01:40:37 - Equitizing, repaying, or refinancing convertible debt 01:43:18 - Covered calls, cash-secured puts, Digital Credit, Bitcoin as money, and marketing products to the 99% outside Bitcoin 01:59:22 - USD reserve minimums and the path to $STRC trading at par 02:00:55 - Amplification, USD/BTC reserve mix, and countercyclical capital management 02:12:04 - Why Strategy does not intend to issue $STRC below par 02:20:34 - Lessons from 2022 and 2026, tokenized securities, Digital Money, and the June 26 dislocation 02:34:54 - Closing remarks

英国上市公司 Satsuma 股东大会 90.6% 高票通过：清仓全部 668 枚 BTC（约 $4350 万），并从伦交所退市。 股价从去年 6 月峰值 £14 跌到 21 便士，跌幅 99%，市值一度低于持币价值。去年 12 月已被迫卖 579 枚 BTC 偿还 £7800 万可转债——借钱买币，熊市就是这个下场。 比特币财库热潮，正式退烧。

7.22梭哈晨报： 美股继续反弹，兄弟们又都在车上了没，反正下跌的时候在车上，上涨割肉了😭。 1. $BTC 终于突破最近的高点了，看看有没有机会去70000上方看看了吧？ 2. $ETH 大同小异都破1900了，可以看看2000了； 3. $SOL 真没人了，还在炒动物园，市值也上不去； 4.Robinhood Chain开发者活跃度排名升至第一； 热钱都在上面，真的是bsc的复刻版； 5.韩国交易所暂停 KOSPI 程序化买盘； 韩国人每天都在天堂和地狱切换，就是不在人间停留一秒； 6.分析：美股空头仓位升至高位，标普500空头比例接近2010年以来最高水平； 所以要爆空了吗？ 7. @Pumpfun 推出BOOST模式，为迁移代币增加约20%流动性； 毒瘤还是毒瘤，还能想出这种割韭菜的方法； 8.英国比特币财库公司Satsuma将出售668枚比特币并启动退市； 奥力给，再见了； 9.标普和Pantera Capital联合推出按收入筛选的数字资产指数； 10.Ondo在OndoPerps上启用代币化股票作为抵押品； 可惜上次低点割完了 $ONDO 不然都回本了； 11.Balaji：Network School已和哈萨克斯坦共和国签署谅解备忘录； 前段时间好像刚刚被马来西亚赶走； 12.疑似 Multicoin Capital 相关地址正卖出 60.7 万枚 HYPE，盈利 1880 万美元； 小丑行为； 13.Canton开发商Digital Asset以20亿美元估值完成额外1000万美元融资； $CC 从没人提及过的玩意； 14.未来两周半导体股迎多项关键事件，AI资本开支为重点； 都在等财报了，各位可以下注了； 15.Falcon Finance推出USDf Card，覆盖90多个司法辖区； U卡真的成为一门好生意了？ 16.白宫推动参议院民主党接受加密Clarity Act伦理条款协议； 都在说等尘埃落定了，真的尘埃落定了吗？ --------------- 全全全反弹了诶，可惜下跌全吃了，反弹到现在也没回本，只能耐心耐心再耐心点了，看看能不能波段点降低点成本了，不然就老老实实装死好了。 #Bitcoin# #Ethereum# #Solana# #Crypto# #Nasdaq#

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【2026年6月】 月間セクシー女優ランキング 1位～50位❣（100位までは次のポストへ） 彩月七緒（@nao_satsuki） 花守夏歩（@hanamorikaho） 園梨音（@rinon_sono） 瀬戸環奈（@kanna_seto0510） 幸村泉希（@ituki_yukimura） 逢沢みゆ（@Aizawa_miyu03） 河北彩花（@Saika_Kawakita） 守屋よしの（@suisuisuimming） 蜜このは（@Konohamitsu_） 小野坂ゆいか（@yuika_onosaka） 堀北桃愛（@horikita_moa） 結城花乃羽（@yukikanoha） 篠崎沙帆（@saho_shinozaki） 長浜みつり（@mitsuri_n0601） 青空ひかり（@aozora_cmore） 愛才りあ（@aise_ria） 糸井瑠花（@ruka_sflirt） 波多野結衣（@hatano_yui） 森下茉莉 柏木ふみか 与田ひかげ（@hikage_sama_） 三澄寧々（@misumi_nene） 羽月乃蒼（@harunanoa1113） 桃乃木かな（@Kana_Momonogi） 楪カレン（@yuzuriha_karen） 一乃あおい（@ichino_aoi） 北岡果林（@karin_kitaoka_） 林芽依（@_your_meimei） いち花（@ichika_cmore） 久遠美緒（@kuon_lifepro） 玉井晴香（@tetekoara） 宍戸里帆（@shishido_riho） 小松空（@sora_komatsu） 小笠原菜乃（@nano_ogasawara） 森沢かな（@morisawa_kana） 大槻ひびき（@OTSUKI221HIBIKI） MINAMO（@M_I_N_A_M_O_） 紗倉まな（@sakuramanaTeee） 小湊よつ葉（@YKm0529） 白石透羽（@towashira14） 井上もも（@momoinoue99） 天神羽衣（@amagami_cmore） 日向由奈（@hinata__yuna） 博多彩葉（@iroha_0108_） 白上咲花（@emika_shirakami） 伊藤舞雪（@mayukiito） 紫堂るい（@rui_shido） 篠原いよ（@iyo_shinohara） 石川澪（@_ishikawamio_） 本庄鈴（@honjosuzu）

I ran a BRUTAL 3-year MSTR stress test. Not the cute kind. The “Bitcoin crashes 55% from here, mNAV collapses below 0.50x, capital markets are closed, cash gets burned, BTC has to be sold to pay the senior stack, and everyone on X is filming their victory lap in the clown mirror” kind. Starting point: BTC: $59,135 MSTR: $87.64 Total BTC: 847,363 Cash: $1.4B CEBE: 138,161 sats/share Claim ratio: 41.5% Then the model nukes BTC to $26,611 by month 6. The senior stack does exactly what fixed-dollar claims do when collateral crashes. It explodes in BTC terms. Senior claims go from 351,567 BTC to 819,073 BTC. Claim ratio spikes from 41.5% to 96.7%. Common equity BTC collapses from 495,796 BTC to 28,290 BTC. CEBE gets annihilated: 138,161 sats/share → 7,884 sats/share. MSTR stock gets modeled from $87.64 to $1.01. That is the horror movie. Would the stock price actually go this low in that scenario? I doubt it. 2022 had NEGATIVE -14,000+ of common equity sats exposure and the stock never dropped below $10. But here is where the bear case gets uncomfortable. The model assumes: Zero new BTC buys. Zero common issuance. $167.7M/month of obligations. Cash gone by month 9. BTC sales begin after cash is exhausted. Over 3 years, MSTR sells 115,727 BTC to keep servicing the stack. That is real damage. But it still ends with 731,636 BTC. Final state: BTC: $48,498 MSTR: $51.86 mNAV: 1.40x Common equity BTC: 274,093 CEBE: 76,380 sats/share Claim ratio: 62.5% MSTR survives. The common gets dragged through flaming glass for 18 months, but it survives. The real risk is not “instant bankruptcy" like all the FUD spreaders are telling you. The real risk is CEBE compression while fixed-dollar senior claims temporarily consume almost the entire Bitcoin stack in BTC-equivalent terms. Survival is not comfort. But death spiral? This model says no.