该潜在投资旨在构成集团资产多元化配置的一部分。集团将根据加密货币市场的表现及价格等情况，选 择及决定适当的购买时机及所购买的比特币数目。 新火科技控股(01611)发布公告，公司董事会经过全面分析市场环境、行业趋势、集团业务及发展战 略，认为近期全球加密货币市场经过阶段性调整，比特币作为行业标杆资产，具备较强的长期投资价 值。因此，董事会谨此宣布，集团计划于公开市场上的加密货币交易平台进行总金额不超过500万美元 (相等于约港币3900万元)的比特币购买计划。潜在投资的代价将根据比特币在公开市场的买入价釐定， 且将以集团内部资源拨资进行。 截至本公告日期，集团已就潜在投资购入合共约24.29单位的比特币，平均买入价为82,338美元，总代价 约为200万美元(相等于约港币1560万元)。 ...

该潜在投资旨在构成集团资产多元化配置的一部分。集团将根据加密货币市场的表现及价格等情况，选 择及决定适当的购买时机及所购买的比特币数目。 截至本公告日期，集团已就潜在投资购入合共约24.29单位的比特币，平均买入价为82,338美元，总代价 约为200万美元(相等于约港币1560万元)。 智通财经APP讯，新火科技控股(01611)发布公告，公司董事会经过全面分析市场环境、行业趋势、集团 业务及发展战略，认为近期全球加密货币市场经过阶段性调整，比特币作为行业标杆资产，具备较强的 长期投资价值。因此，董事会谨此宣布，集团计划于公开市场上的加密货币交易平台进行总金额不超过 500万美元(相等于约港币3900万元)的比特币购买计划。潜在投资的代价将根据比特币在公开市场的买 入价釐定，且将以集团内部资源拨资进行。 ...

格隆汇11月25日丨新火科技控股(01611.HK)公告，公司董事会经过全面分析市场环境、行业趋势、集团 业务及发展战略，认为近期全球加密货币市场经过阶段性调整，比特币作为行业标杆资产，具备较强的 长期投资价值。因此，董事会谨此宣布，集团计划于公开市场上之加密货币交易平台进行总金额不超过 500万美元(相等于约港币3,900万元)的比特币购买计划(「潜在投资」)。潜在投资的代价将根据比特币 在公开市场的买入价厘定，且将以集团内部资源拨资进行。 该潜在投资旨在构成集团资产多元化配置的一部分。集团将根据加密货币市场的表现及价格等情况，选 择及决定适当的购买时机及所购买的比特币数目。 截至本公告日期，集团已就潜在投资购入合共约24.29单位的比特币，平均买入价为82,338美元，总代价 约为200万美元(相等于约港币1,560万元) ...

自願公告 比特幣購買計劃 本公告由新火科技控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）自願 作出，旨在向本公司股東及潛在投資者更新本集團的最新發展。 香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 之 內 容 概 不 負 責，對其準確性或完備性亦不發表任何聲明，且表明不會就因本公告全部或任何 部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 SINOHOPE TECHNOLOGY HOLDINGS LIMITED 新 火 科 技 控 股 有 限 公 司 （ 於英屬處女群島註冊成立的有限公司） （股份代號：1611） 本公司將遵從上市規則第十四章有關須予公布的交易的規定，在有需要時候作出 進一步披露。 承董事會命 新火科技控股有限公司 執行董事 翁曉奇 香港，二零二五年十一月二十五日 本公司董事會（「董事會」）經過全面分析市場環境、行業趨勢、本集團業務及發展 戰略，認為近期全球加密貨幣市場經過階段性調整，比特幣作為行業標杆資產， 具備較強的長期投資價值。因此，董事會謹此宣佈，本集團計劃於公開市場上之 加密貨幣交易平台進行總金 ...

Liquidation calls from the sidelines are growing louder for Strategy (MSTR) as bitcoin tumbles and the company's common stock has plunged nearly 70% from last year's peak, calling into question — for some — the firm's ability to continue to meet its obligations. Throughout 2025, Strategy has relied on perpetual preferred stock as its primary financing vehicle for bitcoin purchases, while mostly using at-the-market (ATM) common share issuance mainly to cover its preferred dividend obligations. Led by Exec ...

Core Insights - The Bitcoin investment vehicle is experiencing a decline alongside broader cryptocurrency prices [1] - Strategy (formerly MicroStrategy) shares fell 14.4% this week, reflecting the drop in Bitcoin prices, which briefly fell to around $80,000 before recovering to $85,000 [2] - Year-to-date, Strategy's stock is down 43%, while Bitcoin has only decreased by 10% [5] Company Performance - Strategy's market cap is currently $51 billion, with shares trading at $170.50, down from a 52-week high of $457.22 [4] - The company has raised its shares outstanding by 199% over the last five years to fund Bitcoin purchases, resulting in a 667% increase in stock price during that period [4] - The gap between Strategy's stock price and its underlying Bitcoin net asset value (NAV) is narrowing, complicating future fundraising efforts [5] Funding and Financial Strategy - With falling cryptocurrency prices, Strategy is finding it increasingly difficult to raise funds through stock offerings, leading to alternative funding sources [6] - Recently, the company sold preferred stock to raise $700 million, which will increase its cash reserves but also its cost of funding due to a 10% annual interest payment [6] Investment Considerations - The current valuation of Strategy may present a more compelling investment opportunity as the gap between its stock price and underlying assets has closed [8] - However, investing in Strategy may be less straightforward than directly purchasing Bitcoin, given the complexities of its debt and preferred stock structure [9]

盘面上，大型科技股普遍走低，阿里巴巴跌4.65%，腾讯跌1.77%。AI概念相关股今日悉数下挫，中 芯、华虹均跌超6%；广期所对碳酸锂限仓，碳酸锂期货今日跌停，"锂矿双雄"均跌超一成；澳门预期 明年博彩收入2360亿澳门元，博彩股集体承压；加密货币市场抛售潮持续，相关概念股下行；医药、有 色、光伏等纷纷飘绿。另一边，个别内房股逆市上升，富力地产涨5%。 1. 科技股全天承压。截至收盘，中芯国际(00981)跌6.39%，报68.8港元；华虹半导体(01347)跌6.09%， 报73.25港元；阿里巴巴-W(09988)跌4.65%，报147.6港元；腾讯(00700)跌1.77%，报610港元。 智通财经APP获悉，隔夜美股市场上演过山车行情，港股今日随外围向下，恒指及国指跌超2%，恒科 指数则大跌超3%。截止收盘，恒生指数跌2.38%或615.55点，报25220.02点，全日成交额为2857.02亿港 元；恒生国企指数跌2.45%，报8919.78点；恒生科技指数跌3.21%，报5395.49点。全周来看，恒指累跌 5.09%，国指累跌5.09%，恒科指数累跌7.18%。 国证国际指出，当前市场正处于关键 ...

Metaplanet (MTPLF), the largest corporate holder of Bitcoin in Japan, unveiled changes to its capital structure on Thursday centering on the issuance of preferred shares. The Bitcoin-buying firm plans to offer “Mars” and “Mercury” to investors as an additional source of funding, while making regular dividend payments, according to a regulatory filing. Mars will feature a fluctuating dividend rate that aims to minimize the product’s volatility on secondary markets, Dylan LeClair, Metaplanet’s head of Bitcoin ...

智通财经APP获悉，周四，日日煮(DDC.US)涨逾11%，报4.89美元。消息面上，11月20日，日日煮宣布 已达成一项购买协议，将购买300枚比特币，据悉这也是该公司迄今最大单笔比特币收购交易，交易完 成后该公司的比特币总持有量将增加到1383枚，预计公司2025年下半年的比特币收益率将达到99%。 ...

Core Insights - The company raised $136.1 million through the sale of preferred stock and used the proceeds to acquire 8,178 bitcoin at an average price of $102,171 per bitcoin [1][5] Group 1: Preferred Stock Sales - The company sold three series of preferred stock under its at-the-market (ATM) offering program, including 39,957 shares of 10.00% Series A Perpetual Strife Preferred Stock (STRF) for $4.0 million in notional value and $4.4 million in net proceeds [2] - It also sold 1,313,641 shares of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) for $131.4 million in notional value and $131.2 million in net proceeds [2] - Additionally, 5,513 shares of 8.00% Series A Perpetual Strike Preferred Stock (STRK) were sold for $0.6 million in notional value and $0.5 million in net proceeds [2] Group 2: Remaining Capacity and Offerings - As of November 16, the company reported remaining capacity under its ATM programs of $1.64 billion for STRF, $4.04 billion for STRC, $20.34 billion for STRK, $4.13 billion for its 10.00% Series A Perpetual Stride Preferred Stock (STRD), and $15.85 billion for its Class A common stock (MSTR) [3] - The company completed a public offering of 7,750,000 shares of its 10.00% Series A Perpetual Stream Preferred Stock (STRE) at a public offering price of €80.00 per share, generating gross proceeds of approximately €620.0 million (or $716.8 million) [4] Group 3: Bitcoin Acquisitions - The company acquired 8,178 bitcoin during the period from November 10 to November 16 at an aggregate purchase price of $835.6 million, funded by proceeds from the STRE offering and sales of STRF, STRC, and STRK [5] - As of November 16, the company held a total of 649,870 bitcoin, with an aggregate purchase price of approximately $48.37 billion and an average purchase price of $74,433 per bitcoin [6] - In a previous filing covering the period from November 3 to November 9, the company reported selling $50 million across its four preferred stocks and acquiring 487 bitcoin for $49.9 million at an average price of $102,557 per bitcoin [6]