According to BlockBeats, on December 27th, Wintermute analysts stated that the trend of companies including Bitcoin on their balance sheets may continue until 2025.
Wintermute over-the-counter trader Jake Ostrovskis said in an interview, "I believe that this trend will become an important driving force next year, especially as institutional investors enter and companies begin to participate, especially those listed companies trying to gain exposure to Bitcoin. In addition, you may also see small and medium-sized enterprises (SMEs) joining in
In recent years, MicroStrategy has purchased $27.7 billion worth of Bitcoin and plans to purchase billions more.
Ostrovskis pointed out that Bitcoin mining companies Mara and Riot are examples of following MicroStrategy's footsteps by issuing convertible notes to purchase more Bitcoin. Earlier this week, Metaplanet announced plans to raise $31.8 million through a bond issuance to accelerate Bitcoin purchases.
The core idea behind these actions is that they can boost stock prices while enhancing the company's balance sheet. It can be called MicroStrategy strategy.
He said, "Currently, people are discussing the impact of ETFs, and what really drives this is that now you can have US pension funds and sovereign wealth funds invest cash. But in reality, there is also a large pool of capital from companies, whose liquidity is relatively stronger and may be faster than waiting for pension funds to enter and purchase Bitcoin ETFs
Ostrovskis also stated that traditional hedge funds have been waiting for ETFs to provide access channels for cryptocurrencies, but now they are acting quickly because they see opportunities in the market. （The Block）
