Big holders of Cryptos.$Strategy (MSTR.US)$In recent years, it can be said that there has been a "double harvest" of face and substance, attracting attention while the stock price has risen by 2529% since 2023.
$Strategy (MSTR.US)$ This has led many enterprises to follow suit: Recently, $Trump Media & Technology (DJT.US)$ it was announced that around $2.5 billion will be raised through private placement, with plans to establish a Bitcoin reserve; $GameStop (GME.US)$ It also indicates that 4,710 Bitcoins will be purchased.
According to the latest data from Bitcointreasuries, there are 217 entities worldwide that hold over 3.39 million Bitcoins, with publicly listed companies holding about 0.8 million coins, and this number continues to grow.
What other large holders of coins have seen their stock prices soar due to MSTR's strategy attracting attention?
The previous Futu News article "Will Bitcoin reach a new all-time high? Trump strongly supports the '1 million BTC reserve bill,' and the trend of Institutions hoarding coins continues to heat up." has pointed out:
"One of the biggest flywheels of this crypto cycle is the connection between stocks and coins. Companies like MSTR utilize stock market premiums to purchase cryptocurrencies as asset reserves, boosting their own Company Valuation; then they issue more Stocks, using the funds raised to further increase their holdings of Cryptos, driving up coin prices; rising coin prices also feedback into the Company's Valuation, creating a self-reinforcing cycle."
In the bull market for Cryptos, $Bitcoin (BTC.CC)$ The price has reached a historic high. $Ethereum (ETH.CC)$ In just the past May, it rose over 40%, and many "crypto whales" have also seen their stock prices soar!
Futu has compiled a list of companies holding Bitcoin, Ethereum, SOL, and XRP for investors' reference:
"Bitcoin version of MSTR": $MARA Holdings (MARA.US)$ 、$Cantor Equity Partners Inc (CEP.US)$ 、$Riot Platforms (RIOT.US)$ 、$Galaxy Digital (GLXY.US)$ 、$CleanSpark (CLSK.US)$ $Hut 8 (HUT.US)$、 $Trump Media & Technology (DJT.US)$ 。
"Ethereum version of MSTR": $SharpLink Gaming (SBET.US)$ 、$BTCS Inc (BTCS.US)$、 $BioNexus Gene Lab (BGLC.US)$、 $M2I GLOBAL INC (MTWO.US)$ 。
The "XRP version of MSTR": $Wellgistics Health (WGRX.US)$ 、 $VivoPower (VVPR.US)$ 。
"SOL version of MSTR": $DeFi Development (DFDV.US)$ 、 $Upexi (UPXI.US)$ 。
The most typical is the Ethereum version of "MSTR".$SharpLink Gaming (SBET.US)$ On May 27, the company announced it would raise 0.425 billion USD to acquire Ethereum, and after 4 trading days, the stock price skyrocketed over 1000%.
After the transaction, ConsenSys founder and CEO, Ethereum co-founder Joseph Lubin, will officially become the chairman of SharpLink's Board of Directors, further strengthening the company's ties with the Ethereum ecosystem. Joseph Lubin stated: "After the transaction, ConsenSys looks forward to collaborating with SharpLink to explore and develop Ethereum's financial strategy, and to support its core business as a strategic advisor. This is an exciting moment for the Ethereum community, and I am pleased to work with Rob and the team to bring Ethereum's opportunities to the public market."
In addition, there is a Hong Kong version of MicroStrategy. $BOYAA (00434.HK)$ Since 2024, it has increased over 1279%. According to the latest data from Bitcoin treasuries, the company holds about 3,350 Bitcoins, with a holding market value of approximately 0.352 billion USD, and the company's current total market value is 4.176 billion Hong Kong dollars.
The hidden dangers behind leveraged gaming.
It is worth noting that many companies on the list had mediocre operations before entering the crypto assets space, and some even fell into financial difficulties. $Upexi (UPXI.US)$ In the second half of 2024, the company's financial revenue will decline, and net losses will expand. However, since indicating the intention to use Cryptos as reserves, its stock price has accumulated an increase of over 300% ...
The path of MicroStrategy is essentially low-threshold, where companies continuously issue Stocks and Bonds to complete financing, then allocate the obtained funds to Cryptos, and subsequently use Earnings Reports as valuation anchors to reflect on stock price performance. The difference lies in who has stronger fundraising capability, which coins to choose for allocation, and whether to opt for staking to obtain returns.
Analysts indicate that if Cryptos account for a 'significant portion' of the company's balance sheet, price fluctuations directly determine the company's financing capability and debt repayment prospects. Once certain key factors are out of control, selling Bitcoin may become an unavoidable reality.
Editor/joryn
