{"id":261729,"date":"2025-08-22T12:28:33","date_gmt":"2025-08-22T08:58:33","guid":{"rendered":"https:\/\/zoomarz.com\/?p=261729"},"modified":"2025-08-22T00:10:35","modified_gmt":"2025-08-21T20:40:35","slug":"microstrategy-investment-clarifies-calstrs-indirect-path-to-bitcoin","status":"publish","type":"post","link":"https:\/\/zoomarz.com\/microstrategy-investment-clarifies-calstrs-indirect-path-to-bitcoin\/","title":{"rendered":"\u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u06cc MicroStrategy\u060c \u0645\u0633\u06cc\u0631 \u063a\u06cc\u0631\u0645\u0633\u062a\u0642\u06cc\u0645 CALSTRS \u0628\u0647 \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646 \u0631\u0627 \u0631\u0648\u0634\u0646 \u0645\u06cc\u200c\u06a9\u0646\u062f"},"content":{"rendered":"

\u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u06cc MicroStrategy\u060c \u0645\u0633\u06cc\u0631 \u063a\u06cc\u0631\u0645\u0633\u062a\u0642\u06cc\u0645 CALSTRS \u0628\u0647 \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646 \u0631\u0627 \u0631\u0648\u0634\u0646 \u0645\u06cc\u200c\u06a9\u0646\u062f<\/h2>\n

\u0628\u0647 \u06af\u0632\u0627\u0631\u0634<\/span> \u0632\u0648\u0645 \u0627\u0631\u0632\u060c<\/a> <\/strong>\u0635\u0646\u062f\u0648\u0642 \u0628\u0627\u0632\u0646\u0634\u0633\u062a\u06af\u06cc \u0645\u0639\u0644\u0645\u0627\u0646 \u0627\u06cc\u0627\u0644\u062a\u06cc \u06a9\u0627\u0644\u06cc\u0641\u0631\u0646\u06cc\u0627 (CALSTRS<\/strong>) \u06a9\u0647 \u0633\u0648\u0645\u06cc\u0646 \u0635\u0646\u062f\u0648\u0642 \u0628\u0627\u0632\u0646\u0634\u0633\u062a\u06af\u06cc \u0628\u0632\u0631\u06af \u0627\u06cc\u0627\u0644\u0627\u062a \u0645\u062a\u062d\u062f\u0647 \u0627\u0633\u062a\u060c \u0628\u0647 \u0637\u0648\u0631 \u063a\u06cc\u0631\u0645\u0633\u062a\u0642\u06cc\u0645 133 \u0645\u06cc\u0644\u06cc\u0648\u0646 \u062f\u0644\u0627\u0631<\/strong> \u062f\u0631 \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646 \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u06cc \u06a9\u0631\u062f\u0647 \u0627\u0633\u062a. \u0627\u06cc\u0646 \u0627\u0642\u062f\u0627\u0645 \u0627\u0632 \u0637\u0631\u06cc\u0642 \u062e\u0631\u06cc\u062f \u0633\u0647\u0627\u0645 \u0634\u0631\u06a9\u062a MicroStrategy (MSTR)<\/strong> \u0635\u0648\u0631\u062a \u06af\u0631\u0641\u062a\u0647 \u0627\u0633\u062a\u060c \u0634\u0631\u06a9\u062a\u06cc \u06a9\u0647 \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646 \u0631\u0627 \u0628\u0647 \u0639\u0646\u0648\u0627\u0646 \u062f\u0627\u0631\u0627\u06cc\u06cc \u0627\u0635\u0644\u06cc \u0630\u062e\u06cc\u0631\u0647 \u062e\u0632\u0627\u0646\u0647 \u062e\u0648\u062f \u0646\u06af\u0647 \u0645\u06cc\u200c\u062f\u0627\u0631\u062f. \u0628\u0647 \u0627\u06cc\u0646 \u062a\u0631\u062a\u06cc\u0628\u060c CALSTRS \u0628\u062f\u0648\u0646 \u062e\u0631\u06cc\u062f \u0645\u0633\u062a\u0642\u06cc\u0645 \u0627\u0631\u0632 \u062f\u06cc\u062c\u06cc\u062a\u0627\u0644\u060c \u0628\u0647\u200c\u0637\u0648\u0631 \u063a\u06cc\u0631\u0645\u0633\u062a\u0642\u06cc\u0645 \u062f\u0631 \u0645\u0639\u0631\u0636 \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646 \u0642\u0631\u0627\u0631 \u06af\u0631\u0641\u062a\u0647 \u0627\u0633\u062a.<\/p>\n

\u0627\u06cc\u0646 \u0631\u0648\u0634\u060c \u0645\u0633\u06cc\u0631 \u0627\u06cc\u0645\u0646\u200c\u062a\u0631\u06cc \u0628\u0631\u0627\u06cc \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u06cc \u0645\u0648\u0633\u0633\u0627\u062a \u0628\u0632\u0631\u06af \u0641\u0631\u0627\u0647\u0645 \u0645\u06cc\u200c\u06a9\u0646\u062f\u060c \u0686\u0631\u0627 \u06a9\u0647 \u0635\u0646\u062f\u0648\u0642\u200c\u0647\u0627\u06cc \u0628\u0627\u0632\u0646\u0634\u0633\u062a\u06af\u06cc \u062a\u062d\u062a \u0645\u0642\u0631\u0631\u0627\u062a \u0633\u062e\u062a\u06af\u06cc\u0631\u0627\u0646\u0647 \u0641\u0639\u0627\u0644\u06cc\u062a \u0645\u06cc\u200c\u06a9\u0646\u0646\u062f \u0648 \u0645\u0633\u0626\u0648\u0644\u06cc\u062a \u062d\u0641\u0627\u0638\u062a \u0627\u0632 \u0633\u0631\u0645\u0627\u06cc\u0647 \u0628\u0627\u0632\u0646\u0634\u0633\u062a\u06af\u0627\u0646 \u0631\u0627 \u062f\u0627\u0631\u0646\u062f. \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u06cc \u063a\u06cc\u0631\u0645\u0633\u062a\u0642\u06cc\u0645 \u0627\u0632 \u0637\u0631\u06cc\u0642 MSTR \u0627\u0645\u06a9\u0627\u0646 \u062d\u0636\u0648\u0631 \u062f\u0631 \u0628\u0627\u0632\u0627\u0631 \u06a9\u0631\u06cc\u067e\u062a\u0648 \u0631\u0627 \u0628\u062f\u0648\u0646 \u0645\u0648\u0627\u062c\u0647\u0647 \u0645\u0633\u062a\u0642\u06cc\u0645 \u0628\u0627 \u0646\u0648\u0633\u0627\u0646\u0627\u062a \u0634\u062f\u06cc\u062f \u0641\u0631\u0627\u0647\u0645 \u0645\u06cc\u200c\u06a9\u0646\u062f \u0648 \u0644\u0627\u06cc\u0647\u200c\u0627\u06cc \u0627\u0632 \u062d\u0627\u06a9\u0645\u06cc\u062a \u0648 \u0634\u0641\u0627\u0641\u06cc\u062a \u0631\u0627 \u0628\u0647 \u0647\u0645\u0631\u0627\u0647 \u062f\u0627\u0631\u062f.<\/p>\n

\u0627\u0647\u0645\u06cc\u062a \u0627\u06cc\u0646 \u0627\u0642\u062f\u0627\u0645<\/h3>\n

\u062a\u0635\u0645\u06cc\u0645 CALSTRS \u0686\u0646\u062f\u06cc\u0646 \u067e\u06cc\u0627\u0645 \u0645\u0647\u0645 \u062f\u0627\u0631\u062f:<\/p>\n

    \n
  • \u0627\u0639\u062a\u0628\u0627\u0631 \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646:<\/strong> \u0627\u06cc\u0646 \u062d\u0631\u06a9\u062a\u060c \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646 \u0631\u0627 \u0628\u0647 \u0639\u0646\u0648\u0627\u0646 \u06cc\u06a9 \u062f\u0627\u0631\u0627\u06cc\u06cc \u0642\u0627\u0646\u0648\u0646\u06cc \u0648 \u0642\u0627\u0628\u0644 \u0627\u0639\u062a\u0645\u0627\u062f \u0628\u0631\u0627\u06cc \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u0627\u0646 \u0645\u062d\u0627\u0641\u0638\u0647\u200c\u06a9\u0627\u0631 \u062a\u062b\u0628\u06cc\u062a \u0645\u06cc\u200c\u06a9\u0646\u062f.<\/li>\n
  • \u067e\u06cc\u0634\u06af\u0627\u0645\u06cc \u0635\u0646\u062f\u0648\u0642\u200c\u0647\u0627\u06cc \u0628\u0627\u0632\u0646\u0634\u0633\u062a\u06af\u06cc:<\/strong> CALSTRS \u06cc\u06a9\u06cc \u0627\u0632 \u0628\u0632\u0631\u06af\u200c\u062a\u0631\u06cc\u0646 \u0635\u0646\u062f\u0648\u0642\u200c\u0647\u0627\u06cc\u06cc \u0627\u0633\u062a \u06a9\u0647 \u0628\u0647 \u0637\u0648\u0631 \u0639\u0644\u0646\u06cc \u0686\u0646\u06cc\u0646 \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u06cc \u063a\u06cc\u0631\u0645\u0633\u062a\u0642\u06cc\u0645 \u0628\u0632\u0631\u06af\u06cc \u0627\u0646\u062c\u0627\u0645 \u0645\u06cc\u200c\u062f\u0647\u062f \u0648 \u0645\u06cc\u200c\u062a\u0648\u0627\u0646\u062f \u0627\u0644\u06af\u0648\u06cc\u06cc \u0628\u0631\u0627\u06cc \u0633\u0627\u06cc\u0631 \u0635\u0646\u062f\u0648\u0642\u200c\u0647\u0627 \u0628\u0627\u0634\u062f.<\/li>\n
  • \u0627\u0641\u0632\u0627\u06cc\u0634 \u067e\u0630\u06cc\u0631\u0634 \u0646\u0647\u0627\u062f\u06cc:<\/strong> \u0627\u06cc\u0646 \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u06cc \u0646\u0634\u0627\u0646\u200c\u062f\u0647\u0646\u062f\u0647 \u0631\u0648\u0646\u062f \u0648\u0631\u0648\u062f \u0633\u0631\u0645\u0627\u06cc\u0647 \u0646\u0647\u0627\u062f\u06cc \u0628\u0647 \u0628\u0627\u0632\u0627\u0631 \u06a9\u0631\u06cc\u067e\u062a\u0648 \u0648 \u0627\u062f\u063a\u0627\u0645 \u0622\u0646 \u062f\u0631 \u067e\u0631\u062a\u0641\u0648\u06cc\u200c\u0647\u0627\u06cc \u0633\u0646\u062a\u06cc \u0627\u0633\u062a.<\/li>\n
  • \u062a\u0646\u0648\u0639 \u0646\u0645\u0648\u0646\u0647\u200c\u06a9\u0627\u0631\u0647\u0627:<\/strong> \u0627\u0641\u0632\u0648\u062f\u0646 \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646\u060c \u062d\u062a\u06cc \u0628\u0647\u200c\u0635\u0648\u0631\u062a \u063a\u06cc\u0631\u0645\u0633\u062a\u0642\u06cc\u0645\u060c \u0645\u06cc\u200c\u062a\u0648\u0627\u0646\u062f \u0628\u0647 \u062a\u0646\u0648\u0639\u200c\u0628\u062e\u0634\u06cc \u0648 \u0627\u0641\u0632\u0627\u06cc\u0634 \u0628\u0627\u0632\u062f\u0647 \u0628\u0644\u0646\u062f\u0645\u062f\u062a \u0635\u0646\u062f\u0648\u0642\u200c\u0647\u0627 \u06a9\u0645\u06a9 \u06a9\u0646\u062f.<\/li>\n<\/ul>\n

    \u0686\u0627\u0644\u0634\u200c\u0647\u0627 \u0648 \u0645\u0644\u0627\u062d\u0638\u0627\u062a<\/h3>\n

    \u0628\u0627 \u0648\u062c\u0648\u062f \u0627\u06cc\u0646 \u0645\u0648\u0641\u0642\u06cc\u062a\u060c \u0635\u0646\u062f\u0648\u0642\u200c\u0647\u0627\u06cc \u0628\u0627\u0632\u0646\u0634\u0633\u062a\u06af\u06cc \u0628\u0627\u06cc\u062f \u0646\u06a9\u0627\u062a \u0632\u06cc\u0631 \u0631\u0627 \u0645\u062f\u0646\u0638\u0631 \u062f\u0627\u0634\u062a\u0647 \u0628\u0627\u0634\u0646\u062f:<\/p>\n

      \n
    • \u0646\u0648\u0633\u0627\u0646\u0627\u062a:<\/strong> \u0642\u06cc\u0645\u062a \u0628\u06cc\u062a \u06a9\u0648\u06cc\u0646 \u0645\u06cc\u200c\u062a\u0648\u0627\u0646\u062f \u0634\u062f\u06cc\u062f\u0627\u064b \u0646\u0648\u0633\u0627\u0646 \u06a9\u0646\u062f \u0648 \u0633\u0647\u0627\u0645 MSTR \u0646\u06cc\u0632 \u062a\u062d\u062a \u062a\u0623\u062b\u06cc\u0631 \u0627\u06cc\u0646 \u0646\u0648\u0633\u0627\u0646\u0627\u062a \u0642\u0631\u0627\u0631 \u0645\u06cc\u200c\u06af\u06cc\u0631\u062f.<\/li>\n
    • \u0645\u062d\u06cc\u0637 \u0646\u0638\u0627\u0631\u062a\u06cc:<\/strong> \u0642\u0648\u0627\u0646\u06cc\u0646 \u0631\u0645\u0632\u0646\u06af\u0627\u0631\u06cc \u062f\u0631 \u062d\u0627\u0644 \u062a\u063a\u06cc\u06cc\u0631 \u0627\u0633\u062a \u0648 \u0635\u0646\u062f\u0648\u0642\u200c\u0647\u0627 \u0628\u0627\u06cc\u062f \u0647\u0645\u0648\u0627\u0631\u0647 \u0628\u0627 \u0645\u0642\u0631\u0631\u0627\u062a \u0645\u0648\u062c\u0648\u062f \u0648 \u0622\u06cc\u0646\u062f\u0647 \u0647\u0645\u0627\u0647\u0646\u06af \u0628\u0627\u0634\u0646\u062f.<\/li>\n
    • \u062a\u062d\u0642\u06cc\u0642\u0627\u062a \u0648 \u062f\u0642\u062a \u06a9\u0627\u0641\u06cc:<\/strong> \u0628\u0631\u0631\u0633\u06cc \u062f\u0642\u06cc\u0642 \u0627\u0633\u062a\u0631\u0627\u062a\u0698\u06cc MicroStrategy \u0648 \u0631\u06cc\u0633\u06a9\u200c\u0647\u0627\u06cc \u0645\u0631\u062a\u0628\u0637 \u0628\u0631\u0627\u06cc \u062a\u0635\u0645\u06cc\u0645\u200c\u06af\u06cc\u0631\u06cc \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u06cc \u062d\u06cc\u0627\u062a\u06cc \u0627\u0633\u062a.<\/li>\n<\/ul>\n

      \u0686\u0634\u0645\u200c\u0627\u0646\u062f\u0627\u0632 \u0622\u06cc\u0646\u062f\u0647<\/h3>\n

      \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u06cc CALSTRS \u0645\u06cc\u200c\u062a\u0648\u0627\u0646\u062f \u0646\u0642\u0637\u0647 \u0639\u0637\u0641\u06cc \u0628\u0631\u0627\u06cc \u067e\u0630\u06cc\u0631\u0634 \u06af\u0633\u062a\u0631\u062f\u0647\u200c\u062a\u0631 \u062f\u0627\u0631\u0627\u06cc\u06cc\u200c\u0647\u0627\u06cc \u062f\u06cc\u062c\u06cc\u062a\u0627\u0644 \u062a\u0648\u0633\u0637 \u0645\u0648\u0633\u0633\u0627\u062a \u0645\u0627\u0644\u06cc \u0628\u0627\u0634\u062f. \u0627\u0633\u062a\u0641\u0627\u062f\u0647 \u0627\u0632 \u0648\u0633\u0627\u06cc\u0644 \u0646\u0642\u0644\u06cc\u0647 \u062a\u0646\u0638\u06cc\u0645\u200c\u0634\u062f\u0647 \u0648 \u0634\u0631\u06a9\u062a\u200c\u0647\u0627\u06cc \u0639\u0645\u0648\u0645\u06cc \u0628\u0647 \u0645\u0648\u0633\u0633\u0627\u062a \u0627\u062c\u0627\u0632\u0647 \u0645\u06cc\u200c\u062f\u0647\u062f \u0628\u062f\u0648\u0646 \u0645\u0648\u0627\u062c\u0647\u0647 \u0645\u0633\u062a\u0642\u06cc\u0645 \u0628\u0627 \u067e\u06cc\u0686\u06cc\u062f\u06af\u06cc\u200c\u0647\u0627\u06cc \u0645\u062f\u06cc\u0631\u06cc\u062a \u06a9\u0631\u06cc\u067e\u062a\u0648\u060c \u062f\u0631 \u0628\u0627\u0632\u0627\u0631 \u062d\u0636\u0648\u0631 \u067e\u06cc\u062f\u0627 \u06a9\u0646\u0646\u062f.<\/p>\n

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      \n
      <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

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