Bitcoin Moves from Speculation to Corporate Strategy
Disclaimer: Your capital is at risk. This is not investment advice.
ByteFolio Issue 152;
After being rejected at the blue 20-day MAX line, Bitcoin has retraced to the $82K level, finding support at the red 20-day MIN line. This pullback comes amid global unease around the anticipation of new tariff announcements by Trump. As uncertainty looms, investors have been fleeing risk assets, especially crypto, while stable and less volatile assets like gold have surged to new all-time highs.
Bitcoin Price – ByteTrend Score of 2
Bitcoin and Gold Take Turns
While Bitcoin has dipped slightly, the Ethereum price (ETH) has taken a bigger hit, recently making a new low of around $1,800.
ETH Price – ByteTrend Score of 0
Subsequently, ETH’s value in Bitcoin terms has now hit its lowest level since May 2020, a discouraging sign for ETH holders.
ETH in Bitcoin
Amid the price action, some much-needed positive news is unfolding that could push Bitcoin’s store-of-value narrative to new heights. GameStop has announced plans to raise $1.3bn through debt issuance to buy Bitcoin, following in the footsteps of MicroStrategy (now Strategy), which pioneered this approach.
Beyond the demand from ETFs, corporations are now actively integrating Bitcoin into their treasuries. According to Bitcoin Treasuries, 89 publicly traded companies collectively hold over 665,000 BTC, while 22 private firms possess an additional 424,000 BTC, together making up a substantial chunk of Bitcoin’s circulating supply.
Even smaller players are joining in. HK Asia Limited, a Hong Kong-listed company, recently acquired 10 additional BTC, bringing its total holdings to 18.8 BTC. While this may seem insignificant, it underscores the growing recognition of Bitcoin as a hedge against inflation and economic uncertainty.
While on the subject of cross-adoption between traditional finance (TradFi) and crypto, there’s another revolution underway that will bring the two closer than ever before: tokenization. Imagine being able to trade shares of Strategy (MSTR) on a blockchain from anywhere in the world or investing in ETFs and bonds seamlessly through decentralised platforms without having to switch between broker accounts. Some companies and crypto protocols are already making this an on-chain reality. In the next section, we will explore how tokenization is set to transform financial markets.
