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Some call them “endless money for money” and “ticking time bomb”. Welcome to the world of bitcoin treasury, publicly traded companies that rewrite the rules of corporate financing by transforming capital into bitcoins.
These companies use profits to raise the stock price and buy even more bitcoins by means of momentum (BTC). It is a cycle that has so far been wild.
The core of this movement is a strategy – formerly Microstrategy – which holds more than 590,000 BTC worth more than $ 60 billion. The company has become one of the most important business holders of bitcoins. And it’s not alone. More than 130 companies have added cryptocurrency to its balance sheet and the number is growing.
These companies monitor the pioneer Michael Saylor: pick up capital, buy bitcoins, watch the price of stock prices, repeat. But the profits are the risk that few talk about, the vulnerability that could shake the whole crypto ecosystem if things turn south.
Among Bitcoin’s investors and enthusiasts, there were questions about what would happen next. Is it a fuel for Bitcoin’s next bull? Or do we look at a structural risk that could cause another accident?
Check out the channel of YouTube Cointlelegraph for A Detailed division Adoption of bitcoins. Do not forget to like, comment and subscribe to never miss a new episode.
Related: June remains the zone of the dangers of bitcoins while the S&P 500 Eyes Summer Rally
