微策略、Metaplanet 再買比特幣,估值回落 DAT 開啟併購潮

BTC3.11%
ETH3.6%

比特幣儲備策略始祖微策略 Strategy (原名 MicroStrategy) 再買 850 枚比特幣,將比特幣持有量擴大到 639,835 枚。日版微策略 Metaplanet 也在昨日宣布公司史上最大單筆比特幣買入紀錄,讓 Metaplanet 在全球企業比特幣持有量的排名躍升至第五名。

8月份,數位資產財務公司 (DAT) 的需求推動比特幣和以太幣價格創下歷史新高。但隨著微策略和 Metaplanet 股價的回落,這一動能已開始減弱。市場也開始汰弱留強,Strive 宣布併購 Semler Scientific,開啟 DAT 的併購潮。

Strategy 募 1 億鎂再買 BTC,共持有 639,835 枚比特幣

Strategy 此次透過發行

10% 優先股 STRF 募得 1,940 萬美元

普通股 MSTR 募得 8,060 萬美元

共募集 1 億美元,並全數用於買入比特幣。Strategy 此次收購了 850 枚比特幣,平均成本為 117,344 美元。截至 2025 年 9 月 22 日,Strategy 共持有 639,835 枚比特幣,總成本為 473.3 億美元,平均成本為 73,971 美元/每比特幣。

MSTR 持續下跌,今年表現遠輸比特幣

昨日隨著比特幣的回落,MSTR 再度下跌 2.56%,未因買幣的消息而上漲,官方的 mNAV (目前股價和其擁有比特幣的價值比) 也持續在低檔 1.54 徘徊,今年迄今股價僅上漲近 12%,遠遜於比特幣的 20%。

Metaplanet 豪買 5,419 枚比特幣,躍升全球第五大比特幣儲備企業

日版微策略 Metaplanet 也在昨日宣布公司史上最大單筆比特幣買入紀錄,讓 Metaplanet 在全球企業比特幣持有量的排名躍升至第五名。

Metaplanet 已以約 6.3253 億美元的價格收購了 5,419 個 BTC,每個比特幣的價格約為 116,724 美元。截至 2025 年 9 月 22 日,Metaplanet 已持有 25,555 個 BTC,收購價格約為 27.1 億美元,每個比特幣的價格約為 106,065 美元。

但投資人似乎也不買單,Metaplanet 股價昨日續跌逾 3%,自今年六月高點的 1,920 日圓已下跌七成,mNAV 自九月以來已滑落至 2 以下,為上市來首見。

DAT 動能減弱,汰弱留強併購潮啟動

8月份,數位資產財務公司 (DAT) 的需求推動比特幣和以太幣價格創下歷史新高。但隨著先行者微策略 (Strategy) 和 Metaplanet 股價的回落,這一動能已開始減弱。

尤其是以太坊儲備企業 BitMine 挾帶著華爾街力量的推升,吸引了更多投資人的目光,讓 Strategy 和 Metaplanet 的股價持續進行估值修正,在競爭者的不斷湧入,市場有限的資金下,未來估值可能無法像之前推升的那麼高,市場勢必也得汰弱留強,昨日 Strive 便宣布併購 Semler Scientific,開啟 DAT 的併購潮。

(Strive 溢價 210% 併購 Semler Scientific,購入 5816 個比特幣推動雙核心策略)

這篇文章 微策略、Metaplanet 再買比特幣,估值回落 DAT 開啟併購潮 最早出現於 鏈新聞 ABMedia。

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