Bitcoin treasury boom replaces the altcoin season
The growth of corporate BTC reserves positively influences expert assessments
Currently, more than 240 publicly traded companies hold the first cryptocurrency on their balance sheets. In the past month, this number has nearly doubled, and the total reserve volume has increased by 13.4% to 834,779 BTC during the same period.
The pioneering leader of the segment, Strategy, holds 592,345 BTC. This figure was reached on June 23 as a result of the latest purchase of 245 BTC at ~$105,856 per coin, totaling approximately $26 million.
According to analysts at Selwix, investments by public companies in the first cryptocurrency and the formation of corporate digital reserves serve as a certain alternative to the declining altcoin season.
Corporations accumulating digital gold not only positively impact the price of Bitcoin itself, but also increase the value of their stocks. This makes the shares of such companies attractive for investments.
Various tools such as private placements, convertible bonds, and ATM programs can be used to attract additional funds. While these funds do not directly go into Bitcoin, they allow companies to increase their purchases of digital assets, positively affecting its price.
As mentioned above, Strategy was the first to scale corporate investments in Bitcoin, actively attracting equity and credit capital. In October of last year, the company presented a three-year investment plan totaling $42 billion.
Now, the number of companies using this investment model is growing rapidly. Against this backdrop, many experts are already expressing positive expectations regarding the value and overall capitalization of the first digital currency.
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