BlockBeats reported that on December 27, Wintermute analysts stated that the trend of companies incorporating Bitcoin into their balance sheets may continue until 2025.
Wintermute OTC trader Jake Ostrovskis said in an interview: 'I think this trend will become a significant driver next year, especially as institutional investors enter, and companies also begin to participate, particularly those publicly traded companies trying to gain Bitcoin exposure. Additionally, 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 buy hundreds of billions more.
Ostrovskis pointed out that Bitcoin mining companies Mara and Riot are examples of following in MicroStrategy's footsteps, issuing convertible notes to purchase more Bitcoin. Earlier this week, Metaplanet announced plans to raise $31.8 million through bond issuance to accelerate Bitcoin purchases.
The core idea behind these moves is that they can boost the company's balance sheet while also elevating stock prices. This can be referred to as the MicroStrategy strategy.
He stated: 'Currently, people are discussing the impact of ETFs, and what really drives this is that you can now allow U.S. pension funds and sovereign wealth funds to invest cash. But in reality, there is also a large pool of capital from corporations, which has relatively stronger liquidity and may act more quickly than waiting for pension funds to come in and buy Bitcoin ETFs.'
Ostrovskis also stated that traditional hedge funds had been waiting for ETFs to provide access to cryptocurrencies, and now they are acting quickly as they see opportunities in the market. (The Block)
