# Сопутствующие статьи по теме Strategy

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

$1.3 Billion in Debt: Bitdeer Has a Tough Battle to Fight

Bitdeer, one of the world's largest publicly listed Bitcoin mining firms, is undergoing a high-stakes strategic pivot from cryptocurrency mining to AI infrastructure, financed by over $1.3 billion in debt. The company recently sold its entire Bitcoin reserve—943.1 BTC—to boost liquidity for this transition. The core of Bitdeer’s new strategy involves developing large-scale data centers to supply computing power for AI and high-performance computing (HPC). It currently has a pipeline of 3,002 MW in power capacity globally—enough to support 10–30 hyperscale data centers like those of Google or Microsoft. Key projects include a 570 MW site in Ohio (facing a legal challenge from a local steel manufacturer) and a 175 MW site in Norway being converted to AI use. The company has raised capital through multiple convertible notes and equity offerings, with much of the debt scheduled to mature between 2029 and 2032. Annual interest expenses are estimated at over $65 million, currently supported largely by continued borrowing. While Bitcoin mining remains its primary revenue source, its profitability is declining due to rising network difficulty. Bitdeer’s AI business currently contributes less than 2% of total revenue, but management projects potential annual revenues of up to $2 billion if GPU capacity is fully utilized and long-term client contracts are secured. The company is also developing its own ASIC chips to improve margins. The success of this ambitious transformation depends on timely project execution, favorable legal outcomes, and the ability to attract major AI clients before debt obligations come due. The market remains skeptical—reflected in a falling share price—until tangible AI revenue materializes.

marsbit02/28 02:42

$1.3 Billion in Debt: Bitdeer Has a Tough Battle to Fight

marsbit02/28 02:42

Can the Dual Currency Win Strategy Really Weather Bull and Bear Markets? A 6-Year Backtest Provides the Answer

"Can the Dual Currency Win (Wheel Strategy) truly weather bull and bear markets? A 6-year backtest (2020-2026) on Bitcoin and Ethereum provides the answer. The study compared two approaches: the 'Standard Rolling Strike' method, which dynamically sells covered calls at 105% of the current spot price, and the 'Fixed Anchor' method, which stubbornly sells calls at the original, higher cost basis after a drop, refusing to sell at a loss. Key findings reveal a significant performance gap. The Standard method, while sacrificing some upside, demonstrated superior risk-adjusted returns. For a 50/50 BTC/ETH portfolio, it achieved a +1347.32% total return with a -49.9% max drawdown and a Sharpe Ratio of 0.983, outperforming both Buy & Hold (+1665.52%, -77.8% drawdown, 0.85 Sharpe) on risk metrics and crushing the Fixed Anchor method (+592.77%, -61.8% drawdown, 0.766 Sharpe). The data shows the Standard strategy's strength lies in its dynamic adjustment mechanism, continuously resetting its strike price to balance income generation with participation in bullish trends. Conversely, the Fixed Anchor strategy's poor performance highlights the costly pitfall of the 'anchoring bias'—the human tendency to fixate on the entry price. This psychological trap cripples the ability to collect meaningful premium during bear markets and causes investors to miss subsequent bull runs when positions are called away at breakeven. The conclusion is clear: discipline and adaptability are far more valuable than the psychological comfort of 'breaking even.' The true risk in trending assets is not volatility, but being anchored to a past price, which severely limits future upside potential."

marsbit02/27 09:25

Can the Dual Currency Win Strategy Really Weather Bull and Bear Markets? A 6-Year Backtest Provides the Answer

marsbit02/27 09:25

Why Is Wall Street Collectively Shorting the Crypto Leader Strategy?

The Financial Times' Alphaville column highlighted that S&P 500 short interest has reached a multi-year high, with MicroStrategy (referred to as "Strategy" in the text) being the most shorted stock at 14% of its market value, followed by Coinbase at 11%. This indicates significant skepticism toward MicroStrategy, a major crypto-related company. Analysts, including former investment banker Craig Coben, criticize MicroStrategy’s business model, which involves accumulating Bitcoin without generating cash flow, leading to continuous financing and dilution of shareholder equity. The company tends to buy Bitcoin at market peaks, a systemic flaw. While some short positions may hedge Bitcoin exposure, the high short interest reflects broad bearish sentiment. MicroStrategy’s CEO, Michael Saylor, promotes a "digital asset" framework where Bitcoin serves as foundational capital," followed by "digital credit" (perpetual preferred shares) and "digital currency" (stablecoins). This model relies on perpetual debt issuance, similar to U.S. Treasuries, assuming Bitcoin’s long-term appreciation. The company claims it would only face liquidity issues if Bitcoin stays below $8,000 for 4-5 years—a scenario that would likely cripple the broader crypto industry. Despite short-term stability, Wall Street remains skeptical. Hedge funds use MicroStrategy to hedge against Bitcoin’s volatility, and short sellers target it as a proxy for crypto downturns. Saylor’s ambition to build a new monetary system based on Bitcoin—while using U.S. dollars for operations—adds irony noted by critics. Ultimately, the market focuses on price movements rather than long-term viability, questioning the sustainability of a business entirely dependent on Bitcoin’s performance.

marsbit02/27 05:40

Why Is Wall Street Collectively Shorting the Crypto Leader Strategy?

marsbit02/27 05:40

GD Culture Group plans 7,500 Bitcoin sale – Panic or strategic reset?

The past few months have revealed the volatility of corporate Bitcoin holdings, with digital asset treasuries (DATs) experiencing both euphoric gains and steep losses. GD Culture Group, the 15th-largest Bitcoin treasury holder with 7,500 BTC, has announced plans to sell its entire Bitcoin position. Some analysts view this as a sign of stress and a potential inflection point following BTC's 30%+ correction. However, the move appears strategic: proceeds from the sale (over $500 million) will fund a share repurchase program aimed at stabilizing its stock price and protecting shareholder value. This could act as a demand floor for its equity and help rebuild institutional confidence. If macro conditions improve, DATs may shift from risk-off mode back to BTC accumulation, restoring the broader institutional narrative.

ambcrypto02/26 13:02

GD Culture Group plans 7,500 Bitcoin sale – Panic or strategic reset?

ambcrypto02/26 13:02

Vitalik Buterin Sells 17,196 ETH, Sparking Market Discussions Amid Ethereum Rally

Ethereum co-founder Vitalik Buterin has sold 17,196 ETH worth approximately $34.96 million, exceeding his previously announced plan to sell 16,384 ETH. The sales occurred amid an 8% price surge for Ethereum over 24 hours, sparking discussions among traders regarding his broader strategy. Buterin stated that these sales are not for personal profit or market timing but to fund long-term projects aligned with his vision for Ethereum. Despite recent gains, with ETH trading around $2,053 and daily volume up 61%, the price remains 30% lower over the month. Significant liquidations, mostly from short positions, and a rise in open interest indicate heightened market activity.

TheNewsCrypto02/26 10:41

Vitalik Buterin Sells 17,196 ETH, Sparking Market Discussions Amid Ethereum Rally

TheNewsCrypto02/26 10:41

XRP Investors Don’t Benefit: Analyst Says You’re Delusional If You Don’t See This

Ripple's recent acquisition of Hidden Road, rebranded as Ripple Prime, has intensified scrutiny over whether the company's expansion benefits XRP investors. Despite corporate developments, XRP's price declined over 25% in two months, fueling frustration among holders who see little return. An analyst criticized the strategy, arguing that acquisitions mainly benefit executives rather than token holders. Ripple’s broader acquisition push—including GTreasury, Rail, Standard Custody, and Metaco—aims to build vertical integration across custody, payments, and financial services. While these moves may establish long-term utility and infrastructure for XRP, short-term price action remains disconnected from corporate growth, leaving investors skeptical about sustained appreciation.

bitcoinist02/25 22:02

XRP Investors Don’t Benefit: Analyst Says You’re Delusional If You Don’t See This

bitcoinist02/25 22:02

DDC Continues to Advance Bitcoin Reserve Strategy, Total Holdings Reach 2,118 BTC

On February 25, 2026, DDC Enterprise Limited (NYSEAMERICAN: DDC) announced the acquisition of an additional 50 Bitcoin (BTC), bringing its total holdings to 2,118 BTC. This marks the company's seventh consecutive week of executing its Bitcoin accumulation strategy. With this holding size, DDC ranks 34th globally among public companies in Bitcoin ownership. Key details include an average purchase price of $84,468 per BTC, a year-to-date BTC return of 49.1%, and a ratio of 0.059286 BTC per 1,000 shares of DDC. Norma Chu, Founder, Chairwoman, and CEO, emphasized the company's long-term, disciplined approach to expanding its Bitcoin reserves to optimize capital efficiency, strengthen the balance sheet, and deliver sustainable value to shareholders. DDC positions Bitcoin as a core strategic reserve asset alongside its primary food business and continues to pursue a methodical accumulation plan to build a robust digital asset treasury.

marsbit02/25 13:07

DDC Continues to Advance Bitcoin Reserve Strategy, Total Holdings Reach 2,118 BTC

marsbit02/25 13:07

Empery’s Bitcoin treasury faces revolt after 49% stock crash

Empery Digital Inc., a major corporate holder of Bitcoin, is facing a significant internal revolt from its shareholders following a 49% crash in its stock price. A key shareholder, Tice Brown, who owns 9.8% of the company, has publicly demanded the immediate sale of the firm's entire Bitcoin treasury, the return of the proceeds to investors, and the resignation of the CEO and Board of Directors. Brown accused management of self-enrichment and criticized a recent share buyback offer as a move to protect their own positions rather than investor capital. The company holds 4,081 BTC, valued at approximately $265.7 million, but is facing a 44% loss on its investment with an average purchase price of $117,000. The value of its Bitcoin holdings has declined by $244 million since October, mirroring the steep drop in its stock price. The shareholder's demand to liquidate the Bitcoin position poses a risk of further depressing BTC's price, which would, in turn, cause additional losses for the company and its shareholders.

ambcrypto02/25 12:04

Empery’s Bitcoin treasury faces revolt after 49% stock crash

ambcrypto02/25 12:04

The Most Underrated Chapter in Dalio's 'Principles': On the Big Cycle, He Explained It Clearly Three Years Ago

The most underrated chapter in Ray Dalio's "Principles" explores the "Big Cycle" of investing, revealing a sobering historical pattern: 7 out of 10 major nations saw their wealth nearly wiped out at least once in the past century. Dalio argues that most investors fail to study these cycles, leading to a distorted perspective skewed by survivorship bias (e.g., focusing only on post-WWII US/UK success). The chapter details how financial wealth (stocks, bonds) expands relative to tangible wealth during cycles of debt and credit growth, eventually leading to crises where promises exceed deliverable value. This results in debt defaults, market crashes, currency devaluation, and even wealth confiscation. Historical data from 1900 shows extreme volatility: many countries experienced decades of negative real returns, market closures, and high taxes. Dalio emphasizes that investors’ biggest risks are not meeting return needs, portfolio destruction, and wealth confiscation—not just volatility. He warns that current conditions (near-zero real yields, high financial wealth vs. tangible wealth) mirror late-cycle stages where cash and bonds offer poor returns. The solution: diversify globally, understand cyclical drivers (growth, inflation, risk premiums), and avoid overexposure to any single environment or narrative.

marsbit02/25 04:59

The Most Underrated Chapter in Dalio's 'Principles': On the Big Cycle, He Explained It Clearly Three Years Ago

marsbit02/25 04:59

Michael Saylor’s ‘Orange Century’ meets skepticism: ‘Leaves much to be desired’

Michael Saylor's company, MicroStrategy, completed its 100th Bitcoin purchase, acquiring 592 BTC for $39.8 million, bringing its total holdings to 717,722 BTC. Despite this milestone, the achievement is met with skepticism and criticism due to the company's massive unrealized losses, estimated at nearly $7 billion from a total investment of $54.56 billion. Prominent Bitcoin critic Peter Schiff and other investors have questioned the strategy, noting that the price often drops after their purchases and highlighting poor timing. This sentiment is reinforced by Bitcoin's recent price decline to around $63,234 and a significant drop in MicroStrategy's stock value. The article also notes similar substantial unrealized losses at Bitmine with its large Ethereum holdings. Overall, market excitement over large Bitcoin acquisitions has waned, replaced by investor fatigue and concern over enduring the current market downturn.

ambcrypto02/24 15:01

Michael Saylor’s ‘Orange Century’ meets skepticism: ‘Leaves much to be desired’