中文翻译
纵观 $BKKT、$ASST 以及可能的 $IREN，其策略如出一辙。围绕热门叙事（比特币库藏、AI 智能体、数据中心）制造巨大的散户炒作热度，等待股价飙升，随后立即通过定向增发(ATM)抛售股份以资助运营并支付高管基于股票的薪酬(SBC)。公司本身没问题，但个体散户股东受到的伤害最大。
· 个股论点
BKKT等公司利用热点炒作后通过ATM减持，散户受损严重。
英文原文
Across $BKKT, $ASST, and maybe $IREN. The strategy has been identical. Generate massive retail hype around a hot narrative (Bitcoin treasuries, AI agents, DCs), wait for the stock to spike, and immediately dump shares via ATMs to fund operations and pay executive SBCs. The companies themselves are fine but the individual retail shareholder is left hurt the most.