$BTC

According to an analyst at market maker Wintermute, the trend of companies incorporating Bitcoin into their balance sheets could rapidly increase in the coming years.

Wintermute OTC trader Jake Ostrovskis said that institutional interest will grow stronger, especially as small and medium-sized enterprises (SMEs) join the trend. Ostrovskis said:

"Next year, corporate investors, along with corporates, will start investing in Bitcoin, which will greatly stimulate this market. Companies entering the market will try to increase their exposure to Bitcoin by expanding their institutional base."

MicroStrategy's path draws attention
MicroStrategy’s Bitcoin investments have been one of the most notable examples in recent years. The company has purchased $10 billion worth of Bitcoin to date, and aims to raise more funds through equity to increase that amount to $42 billion.

Ostrovskis noted that Bitcoin mining companies Mara and Riot also follow a similar strategy, issuing convertible bonds to buy more Bitcoin.

This week, it was announced that a company called Metaplanet planned to accelerate its Bitcoin purchases by issuing $31.8 million in bonds. Ostrovskis noted that such initiatives could boost stock prices while strengthening companies’ balance sheets.

The impact of Bitcoin ETFs
Ostrovskis stated that the impact of Bitcoin ETFs on the market is frequently brought to the agenda, and that this development makes it possible for pension funds and state investment funds to invest in Bitcoin. However, he also emphasized that companies' capital pools can move more flexibly and quickly.

Hedge funds eye Bitcoin and Ethereum opportunities
Ostrovskis said that instead of waiting for ETFs, hedge funds are quickly seizing opportunities in the market and are applying the same old strategies they use in the stock markets to cryptocurrencies.

Finally, Ostrovskis said that it is only a matter of time before some companies start implementing MicroStrategy's Bitcoin-focused strategy with Ethereum, adding, "At some point, we will see a company that turns into an Ethereum-focused investment vehicle. At that time, the MicroStrategy of the Ethereum world will have emerged."