The trend of the Bitcoin Reserve approach has led to at least 61 corporate treasures today holding a combined 3.2% of all Bitcoin who has ever existed, according to the standard chartered.
Listed around the world worldwide now —Btc), The Global Head of Digital Asset Research, Geoff Kendrick, said in a June 3 report that Cointelegraph saw.
According to the report, Kendrick focused on the implications of Bitcoin’s growing popularity as a Treasury owner, which warned about the potential risk that came from the rapid adoption of the corporation.
“Bitcoin’s treasures are increasing in buying bitcoin to buying pressure right now, but we see a risk that can reverse it over time,” the analyst said.
The wealth of Bitcoin as a pressure of the downside price
According to the report, 58 of the reviewed 61 corporate treasures have a net asset (NAV) value of more than 1, which means their market appreciation is greater than the value of their net assets.
“So far, we think it is justified by the ineffectives of the market, including barriers to investor accessing regulation and conservative investment committee processes,” Kendrick wrote, and added:
“But while these efficiency are eventually eliminated, we think Bitcoin’s treasury can be a source of downside pressure and volatility.”
In addition, the volatility of Bitcoin itself can drive the price of BTC below the average purchase prices of many new resources, as 50% of companies have an average purchase price above $ 90,000. The figure is significantly higher than Average cost of 580,955 Bitcoin handling earned by price of $ 70,023 per BTC.
Approach “imitator” double BTC handling for two months
Kendrick also noted that a large portion of the “imitator” approach began with the accumulation of Bitcoin recently, with holdings that increased significantly in recent months.
In particular, the value of Bitcoin held by 60 companies has doubled over the past two months, from below 50,000 BTC to 100,000 BTC, the report said.
Kendrick said such a note of noticeable purchase releases the speed of the purchase by approach, which added 74,000 BTC in the last two months, compared to 47,000 of others.
Canada’s solarbank with the latest adopters
The Standard Chartered report arrives amid a new batch of companies announcing the adoption of Bitcoin approach, including Canadian Energy Solarbank energy developer.
Official Solarbank announced Its Bitcoin treasury approach on June 3, reporting that it filed an account opening application with Coinbase Prime to provide safe care, USDC (USDC) services and a Self-customial wallet For its handling in bitcoin.
Related: Michael Saylor’s approach has offered $ 250m preferred stock to buy more Bitcoin
On the same day, the firm based in Paris Blockchain Group announced a $ 68 million Bitcoin acquisitionFollowing in the footsteps of the Norwegian crypto brokerage firm K33, which Raised $ 6.2 million to buy BTC in late May.
“Not taking risks is a risk in itself,” CZ said
While standard charter concerns are about the risks of increasing corporate bitcoin adoption in the context of volatility may look stressful, approach, the main approach to the bitcoin strategy, will be optimistic about BTC Stash even the price.
According to strategy co-founder Michael Saylor, the company’s capital structure was built to stay firmly even when 90% of Bitcoin collapsed and “stay there for four or five years.”
“This will not be a good outcome for equity holders. People at the top of the capital structure will suffer because they are -lever, but all in the capital structure will be paid,” Saylor told a Financial Times documentary in May.
According to some well -known industry numbers, such as former Binance CEO Changpeng Zhao, companies that add bitcoin to their balance sheets are certainly taking risks, but these risks will be manageable.
“Not taking risks is a risk in itself,” Zhao concluded in an X post on Tuesday.
Magazine: Dangers to us are ‘front run’ in Bitcoin Reserve by other countries: Samson Mow
