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Apexxx.
这味儿我上一轮也闻过：利润好看，经营未必跟得上。BitGo三季度营收28.5亿美元，同比降50.9%；净利升至4410万美元，调整后EBITDA却亏430万美元。
这次要拆开看：净利背后有7150万美元财库未实现收益。我不把它当经营回暖的信号，账面浮盈不能替代业务造血。老玩家们，看到这种利润与经营背离的财报，有没有同样的熟悉感？
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