最新报道:The Bitcoin treasury landscape has expanded rapidly over the past six months, with companies like Japan's MetaPlanet, Brazil's OranjeBTC, and U.S. entrants including Strive, Tether, and Jack Maller's Twenty One more than doubling the number of players. Strategy founder Michael Saylor, speaking at a New York conference, described this as "year one of reinventing the finance system," following his firm's $2.5 billion Stretch IPO. While advocates see Bitcoin as digital gold poised to transform credit markets, the model faces headwinds as some treasury firms trade below net asset value. Success now requires differentiation across geographies and products, moving beyond simple Bitcoin accumulation to unlocking its potential as productive capital through native infrastructure that avoids custodial risks.