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BTC $63,023.42 +0.08%
ETH $1,880.89 +0.01%
BNB $607.10 -0.08%
XRP $1.00 +0.31%
SOL $75.28 -0.08%
TRX $0.3309 -0.44%
DOGE $0.0695 -0.59%
ADA $0.1763 -2.03%
BCH $203.46 -0.56%
LINK $9.46 +5.55%
HYPE $56.87 +0.72%
AAVE $86.14 -0.29%
SUI $0.6766 -0.73%
XLM $0.1579 -0.08%
ZEC $487.56 -1.05%

Michael Saylor:BPS 衡量增长,CEBE BPS 衡量真实风险

2026-06-14 17:16:21

ChainCatcher 消息,Michael Saylor 在 X 平台发文表示,BPS(每股比特币)衡量扣除优先级债权之前普通股对应的比特币数量,反映公司通过发债、发股增持比特币后每股权益的积累速度;CEBE BPS(普通股每股比特币)则衡量扣除所有优先级债权后普通股实际能分到的比特币,为更保守的风险指标。

Saylor 表示,两个指标的相对重要性取决于负债期限结构:负债期限越短,CEBE BPS 越关键;负债期限越长,BPS 越重要。

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