According to ChainCatcher, according to CoinGape, Bill Barhydt, CEO of digital asset service platform Abra, said that medium-sized companies and non-profit organizations are increasingly converting their assets into Bitcoin. This trend follows the successful strategy implemented by MicroStrategy, which has appreciated its stock price due to its large holdings of Bitcoin.

Barhydt expects that many medium-sized companies and non-profit organizations with large US dollar reserves will convert these reserves into Bitcoin, and the stocks of these companies will follow the rise of MicroStrategy's stock price after acquiring Bitcoin.