Recently, listed companies have been gradually joining the ranks of purchasing encryption currencies. First, there was an enterprise that acquired Ethereum (ETH), followed by a company investing in Solana (SOL) and TRON (TRX). At first glance, these actions seem to be aimed at participating in the construction of the blockchain ecosystem, but there may be different motives behind them.

这些公司的真实目的可能并非单纯支持加密资产发展,而是试图模仿微策略(MicroStrategy)的商业模式。 通过宣佈购买加密货币,他们希望刺激自身股价上涨,同时为可能陷入困境的企业寻求转机。 毕竟,微策略的前例已经证明这种策略能够带来显有earn。

As time goes by, we may see more and more listed companies taking similar actions. However, the sustainability of this model is questionable. Initially, MicroStrategy was a pioneer in this field, possessing certain uniqueness and innovative value; but as more and more companies imitate this model, market participants gradually realize that this is just another form of speculative behavior.

In the long run, this trend is likely to be unsustainable. When a pattern is excessively replicated, its appeal inevitably declines, and it ultimately becomes just a matter of time before the bubble bursts. More concerning is that when this pattern collapses, it may even affect the micro-strategies that originally pioneered this model. This serves as a reminder for investors to maintain a cautious attitude when facing such seemingly innovative corporate strategies, distinguishing true value innovation from mere market speculation.