Saylor的策略有望在第三季度收益後加入S&P 500：10X研究
儘管股票價格下跌以及比特幣購買放緩，全球最大的企業比特幣持有者Strategy仍有70%的機會在年底前被納入S&P 500指數，根據加密市場情報公司10X Research的報告。
Strategy預計將於本週四發布2025年第三季度的收益報告，預計將包括約38億美元的比特幣公允價值增益。
比特幣
變化（24小時）
1.24%
市值 2.25萬億美元
交易量（24小時） 600.8億美元
盈利的季度將意味著該股票在12月19日被納入S&P 500的概率為60%至70%，根據10X Research週三的報告。
報告指出：“放棄總是感覺像是結束——直到它靜靜地標誌著開始。”10月30日的收益發布可能會重新點燃對12月5日S&P 500納入決策的猜測——我們賦予這一情景約70%的概率。
儘管投資者對該股票的情緒仍然“疲弱”，但收益報告為Strategy提供了一個“明顯的催化劑”。
比特幣的放緩與估值壓力
這一預測是在對數字資產庫存的可持續性存在更廣泛擔憂的背景下提出的，因為幾家公司今年的市場淨資產價值（mNAV）已跌破關鍵門檻。
mNAV比率將公司的企業價值與其加密貨幣持有價值進行比較。mNAV高於1允許公司通過發行新股來籌集資金以積累數字資產，而低於1則使擴大資本和持有變得更加困難。
幾個數字資產庫存的mNAV已經滑落至這一關鍵水平以下，實際上關閉了它們進一步購買的資金籌集能力。這些公司包括Strategy、Bitmine、Metaplanet、Sharplink Gaming、Upexi和DeFi Development Corp。
加密市場流動性將在“這一點”回歸
Strategy在過去一個月中放緩了比特幣的購買。該公司在10月僅購買了778個比特幣，這是其最小的月度購買量，較9月的3526個比特幣減少了78%。
儘管比特幣的收購放緩以及最近市場的重大修正，這可能正是加密市場周期中“流動性回歸和超大波動出現”的“恰當時機”，根據10X Research的說法。
“隨著NAV溢價大部分被消耗，這導致投資者損失了180億美元，波動性開始再次上升，風險回報動態不再是為下行做準備——而是為接下來的情況做好準備。”
儘管前景樂觀，Strategy仍獲得了標準普爾全球評級的“B-”信用評級，這使其處於投機性非投資級別的領域，通常與“垃圾債券”相關，儘管對其股價持正面展望。
這是第一家獲得標準普爾全球評級的專注於比特幣庫存的公司，為傳統金融參與者評估加密公司建立了一個新的潛在基準。
在這篇報導中，我們可以看到Strategy的未來發展充滿了變數。儘管目前的市場環境對其不利，但如果能夠順利發布利好消息，無疑將為其股價帶來新的推動力。這也提醒我們，市場情緒的波動往往會影響投資者的決策，尤其是在加密貨幣這樣高風險的領域中。隨著市場的回暖，投資者是否能夠把握住這次機會，將是未來一段時間內值得關注的焦點。
以上文章由特價GPT API KEY所翻譯及撰寫。而圖片則由FLUX根據內容自動生成。
![{
"intro": "Create an ultra realistic 8K UHD DSLR photo based on the attached image as a reference of facial features, maintaining 100% likeness.",
"subject": {
"identity": "A stylish beautiful woman portrayed as Cleopatra performing a sacred night-time royal dance, embodying divine seduction, power, and celestial authority.",
"angle": "Full-body high-fashion editorial portrait captured at a cinematic 3/4 angle, ultra-crisp clarity with no blur.",
"pose": {
"body_position": "She is captured mid-dance inside a temple courtyard at night, her body angled gracefully, hips grounded, torso lifted, creating a powerful and sensual silhouette.",
"movement": "Her arms are raised in slow ceremonial motion while one leg steps forward, fully revealing her feet and lower legs as part of the ritual stance.",
"expression": "A calm, hypnotic, commanding gaze directed toward the camera—quiet dominance wrapped in sensual mystery."
}
},
"appearance": {
"outfit": "An ultra-bongga Cleopatra couture gown with an all-crystal bodice that fits like jeweled armor. Thousands of hand-set crystals, diamonds, and glass stones in gold, champagne, clear, and iridescent tones form sacred Egyptian motifs—cobras, sun disks, lotus symbols—entirely through crystal placement. The neckline is daring yet elegant, supported by invisible illusion mesh. From the waist, the skirt opens into flowing sheer silk and organza panels in ivory and soft gold, designed with a high front opening that intentionally exposes her legs and feet during movement. Crystal chains and beaded fringe sway rhythmically with every step, enhancing sensual motion.",
"accessories": "A dramatic Egyptian ceremonial headpiece with gold and crystal detailing, an oversized layered gold collar necklace, sculpted crystal arm cuffs, finger armor rings, a crystal-and-gold waist belt, and delicate gold anklets accentuating her bare feet.",
"hair": "Her hair is sleek, glossy, and perfectly controlled, styled to balance the weight of the crystal headpiece while allowing elegant movement.",
"makeup": "Ultra-glam, colorful Egyptian night makeup—bold elongated black kohl eyeliner, intense eyeshadow layered in turquoise, emerald, sapphire blue, violet, and metallic gold. Beneath the eyes, intricate ceremonial ink drawings in fine black and gold lines inspired by ancient Egyptian markings. Skin is luminous with molten-gold highlights, brows strong and defined, lips finished in a sensual nude-bronze satin."
},
"props": {
"ritual_elements": [
"Burning incense bowls releasing thick aromatic smoke",
"Golden sistrum placed near the dance space",
"Tall ceremonial torches lining the temple floor"
]
},
"background": {
"macro_environment": "A grand ancient Egyptian temple courtyard at night, reserved for sacred royal rituals.",
"midground_details": "Towering sandstone columns, massive statues of Isis and Hathor, carved temple walls, flowing linen drapes, and ceremonial platforms illuminated by firelight.",
"micro_elements": "Torch flames reflecting off crystal surfaces, fine dust particles glowing in the night air, incense smoke wrapping around her legs and feet, detailed stone floor textures beneath her bare feet, crystal fringe in motion, and sharply defined shadows—everything rendered in extreme detail with zero blur."
},
"lighting": {
"type": "Cinematic night lighting using torches, oil lamps, and subtle moonlight.",
"effect": "Firelight ignites the crystal bodice with prismatic sparkle while moonlight softly outlines her legs and feet, creating a dramatic, sensual, and divine atmosphere."
},
"camera": {
"camera_type": "DSLR",
"resolution": "8K UHD",
"lens": "50mm prime lens",
"aperture": "f/8 for full-body and environment sharpness",
"iso": 100,
"shutter_speed": "1/200s to freeze elegant motion clearly",
"focus": "Extreme sharp focus on crystal bodice, facial features, legs, feet, and temple details, no bokeh, no blur"
},
"style": "Ultra high-fashion editorial, night temple ritual, all-crystal couture, sexy yet sacred, ancient Egyptian royalty reimagined, cinematic realism, extremely detailed, sharp, iconic"
}](https://ssfuture.shop/wp-content/uploads/ai_gen_1766006158-167x300.png)