CryptoQuant：Strategy 上周出售约 7 亿美元股票，引发严重稀释效应

链捕手

2025/12/26

ChainCatcher 消息，CryptoQuant 分析师发文指出，Strategy 上周出售约 7 亿美元股票，引发严重稀释效应，导致股价持续下行。目前股价已较历史最高点下跌约 70%，市场供应增加使股价持续承压。

尽管如此，公司在 2025 年仍投入 224.6 亿美元购买比特币，规模与 2024 年相当，远超以往年度投资水平。分析人士指出，这种资产负债表杠杆操作带来了显著成本。

免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。

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