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BTC $77,594.47 -2.97%
ETH $2,436.77 -2.30%
BNB $688.70 -3.05%
XRP $1.38 -3.45%
SOL $103.52 -3.58%
TRX $0.3404 +0.50%
DOGE $0.0849 -3.41%
ADA $0.2007 -4.74%
BCH $246.97 -6.67%
LINK $11.35 -3.46%
HYPE $81.59 -2.16%
AAVE $120.85 -4.47%
SUI $0.7389 -3.30%
XLM $0.1777 -3.88%
ZEC $798.36 +1.01%

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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