According to BlockBeats, on July 13, according to Coingape, Abra CEO Bill Barhydt revealed that medium-sized companies and non-profit organizations are increasingly inclined to convert their assets into Bitcoin to emulate the successful strategy adopted by MicroStrategy (MSTR).

Barhydt predicts that many medium-sized companies and non-profit organizations with large dollar reserves will convert them into BTC, and the stocks of these companies will also replicate the trend of MicroStrategy after hoarding Bitcoin.