What to know:
- So, apparently these big corporate players are jumping on the Bitcoin bandwagon, right? But, watch out! If the price tanks—like, a big drop—they might have to sell. Panic selling! Classic. 🤷♂️
- Now, 61 companies own a combined 3.2% of all Bitcoin out there. Think about that for a second. What’s next? A corporate Bitcoin hoarding contest? “Hey, I got more Bitcoin than you!”
- And here’s the kicker: If Bitcoin drops more than 22% below their buy-in—boom—they’re outta here, liquidating like there’s no tomorrow. Well, maybe there is. But not for their portfolios! 😂
Corporate Bitcoin treasuries are acting all high and mighty, pushing the price up… for now. But if it tanks? Say goodbye to those digital wallets. Standard Chartered’s Geoff Kendrick says it’s a ticking time bomb, folks! 💣
Forty-one of these companies are holding around 673,897 Bitcoin—that’s a lot of digital gold, or so they say. And Michael Saylor? The man’s got nearly 581K of these things, probably thinking he’s the Bitcoin king. 👑
“If Bitcoin drops more than 22% below their purchase prices,” Kendrick warns, “these guys might just have to sell at fire sale prices.” Classic. Remember Core Scientific? They sold 7,202 coins in 2022 at like, $23,000 each—because, what else do you do when you’re drowning? Sell at a discount, of course!
If Bitcoin dips below $90,000 again, half these companies are probably, what? Underwater? Nice recession-proof strategy, huh?
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2025-06-03 18:19