# Сопутствующие статьи по теме Blockchain

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Blockchain", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

From Holding to Controlling: When Bitcoin Starts 'Buying Listed Companies'

From Holding to Controlling: When Bitcoin Starts "Buying Listed Companies" In a landmark event, Bitcoin has entered the capital structure of a publicly traded company as a form of capital contribution for the first time. On February 4, Nasdaq-listed insurance brokerage Tianruixiang Holdings announced that an undisclosed investor would contribute 15,000 Bitcoin in exchange for equity in the company. Valued at approximately $1.125 billion (based on Bitcoin's price of $75,000 at the time), this transaction marks a historic shift. This is not about buying a Bitcoin ETF, holding BTC, or issuing debt to purchase Bitcoin. It represents a direct exchange of Bitcoin for equity in a listed company. Over the past two years, a profound change has been underway: Bitcoin is systematically entering the balance sheets of public companies. Companies like MicroStrategy (now Strategy) have fundamentally altered traditional corporate logic. They no longer operate solely based on their core business but function as financial vehicles, continuously issuing stock and convertible bonds to raise capital for purchasing Bitcoin. This has given rise to a new type of entity: the **Bitcoin Treasury Company**. Other examples include Japan's Metaplanet, and U.S.-based firms like Twenty One Capital and Bitcoin Standard Treasury. A significant阵营 (camp) of publicly traded companies now holds substantial Bitcoin, including: * Strategy (formerly MicroStrategy): over 710,000 BTC * Major miners like MARA, Riot, and Hut 8 * Exchanges like Coinbase and Bullish * Bitcoin treasury companies * Tech and payment firms like Tesla and Block Their commonality is that they have integrated Bitcoin as a fundamental part of their capital structure. The Tianruixiang deal represents an evolution of this trend. Upon completion, the company would hold more Bitcoin than Coinbase, making it a top-tier Bitcoin treasury. Crucially, this isn't a case of "using fiat to buy Bitcoin," but rather resembles using Bitcoin to effectively "acquire a Nasdaq-listed shell company." This structure transforms the transaction from a simple investment into a form of **reverse merger by crypto assets into traditional capital markets**. Bitcoin is no longer merely held; it is being used to **restructure ownership itself**. A clear path is emerging: from MicroStrategy's massive holdings to miners, exchanges, and treasury companies, and now to direct equity-for-Bitcoin swaps, **Bitcoin is reconstructing the "public company network."** When this system becomes large enough, Bitcoin will evolve beyond a "crypto asset" into a financial infrastructure embedded within the global capital system. *Content is for informational purposes only and not investment advice. Markets are risky; investments should be made cautiously.*

marsbit02/06 10:57

From Holding to Controlling: When Bitcoin Starts 'Buying Listed Companies'

marsbit02/06 10:57

Interview with ZetaChain Lead Jessie Zhang: Reclaiming Humanity's Right to Think Between Decentralization and AI

Interview with Jessie Zhang, Head of Incubation and Investment at ZetaChain, discussing the intersection of decentralization and AI, and the importance of reclaiming human cognitive sovereignty. ZetaChain, initially known for cross-chain interoperability, evolved in 2025 from building foundational infrastructure to focusing on real-world applications, connecting major blockchains like Bitcoin, Ethereum, and Solana. The team began exploring how blockchain could address growing concerns around AI, particularly data privacy and centralized control. Jessie highlights the risks of AI-driven "cognitive centralization," where user data—including intentions, emotions, and preferences—is concentrated in few platforms, threatening individual autonomy. Examples like OpenAI retaining deleted user chats and past incidents of algorithmic manipulation (e.g., Facebook influencing elections) underscore the urgency. ZetaChain’s response is Anuma, a private AI platform built as a "personal memory layer." Anuma acts as a privacy-first AI管家 (butler) that manages user data locally, allowing interaction with models like ChatGPT or Claude without surrendering personal information. It ensures data sovereignty, prevents context fragmentation across AI tools, and safeguards independent thinking. Jessie emphasizes that privacy is an architectural imperative, not just a feature, and that blockchain’s trustless, ownership-based model is critical for AI ethics. Anuma, while built on ZetaChain, targets mainstream users with seamless Web2-like体验, reflecting ZetaChain’s vision: invisible infrastructure delivering tangible value. The core message: AI should enhance human capability without compromising cognitive autonomy. In an era of intelligent systems, preserving the right to think independently is both a technological and moral necessity.

marsbit02/06 05:53

Interview with ZetaChain Lead Jessie Zhang: Reclaiming Humanity's Right to Think Between Decentralization and AI

marsbit02/06 05:53

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