MicroStrategy ( MSTR ), as a leading company in the Bitcoin field, currently holds an astonishing 628,791 Bitcoins, which is approximately 72 billion USD based on current market capitalization, with unrealized gains reaching 25.9 billion. The company's recently released second-quarter financial report shows that operating income, net profit, and earnings per share have all reached historic highs. Over the past year, MSTR's stock price has risen by 170%, even outperforming Bitcoin itself.



However, the source of funds for MSTR's continuous accumulation of Bitcoin is not the profits generated from Bitcoin itself, but rather funds raised from the capital market through issuing bonds and increasing stock. This strategy essentially utilizes capital market funds to purchase digital currencies and does not directly obtain cash flow from Bitcoin.

In contrast, some strategy companies focused on Ethereum, such as BMNR and SBET, although their scale is far less than MicroStrategy, they hold ETH that can be staked, participate in validation, and even run nodes. Through Ethereum's Proof of Stake (PoS) mechanism, these companies can achieve a stable cash flow.

This reflects two different investment strategies:
MSTR bets on BTC, more like a long-term accumulation of digital currency, expecting future valuation increases.
ETH-based strategy companies are deeply involved in the ecosystem, and while holding digital currencies, they can also earn additional income through network mechanisms.

The former mainly relies on market capitalization growth to make profits, while the latter can achieve "self-sustaining" through participation in network operations. In the long run, this strategic difference may lead to increasingly divergent development trajectories for the two types of companies.

As the digital currency market continues to mature, investors may need to pay more attention to the long-term sustainability behind different investment strategies. At the same time, this has sparked a broader discussion: how the balance between the pure value storage function and more practical functionalities in the rapidly evolving blockchain industry will affect future investment decisions.
BTC1.4%
ETH4.69%
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BankruptWorkervip
· 08-06 04:15
Coin Hoarding is useless, you need to participate in the ecosystem.
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TommyTeacher1vip
· 08-04 14:52
Understanding how to play, Coin Hoarding is the way to go.
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CryptoSourGrapevip
· 08-04 14:48
If I had bought MSTR last year... I could probably buy a house in Sanya now... Sigh.
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ApeWithNoChainvip
· 08-04 14:48
Hoard it, gamblers have life and wealth
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AirdropHuntervip
· 08-04 14:46
Hoarding Bitcoin is the right way!
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NotSatoshivip
· 08-04 14:31
Holding it is not as good as staking it.
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