Macroeconomics and investment expert Lyn Alden (Lyn Alden) explained the growing interest of investors in the shares of companies that buy bitcoins and promising to store the reserves of this asset for a long time.

In 2025, the number of companies buying bitcoin as a backup asset increased sharply. The expert associates the demand of investors for shares of such companies with restrictions on investment funds for direct purchases of cryptocurrencies. Some funds are allowed to invest only in promotions and bonds and it is forbidden to directly buy BTC or share of cryptocurrency exchange funds (ETF).

The restrictions interfere with managing companies that believe in the potential of bitcoin, gain access to cryptocurrency, said Oldden. To get around the restriction, investors have found an alternative solution – the purchase of shares of Strategy (previously Microstrategy) and other corporations, buying bitcoins.

From 2021 to mid -2025, the total yield of Strategy shares was 2850%, and the BTC rate over the same period increased by 816.3%. At the same time, the SPY indicator, an investment fund, whose portfolio consists of shares of companies taking into account the S&P 500 index calculated by only 99.03%. This suggests that Strategy went beyond the shares market and began to be perceived by funds as an indirect way to gain access to bitcoin.

The expert explained the growing demand for the papers of such companies by their ability to produce long -term bonds. Bonds allow to avoid the risk of marin-collars, which is often faced with hedge funds. Typically, hedge funds use marginal borrowings that are able to provoke a forced sale of assets with a sharp drop in bitcoin.

Companies, such as Strategy, produce perennial bonds, due to which they can maintain their positions in the BTC even in conditions of instability. This approach creates safer conditions for the leverage, and companies extract more benefits from the fluctuations in the Bitcoin course, the economist said.

Lin Olden is one of the crypto enthusiasts who believe that in the next decade, Bitcoin will bargain at $ 1 million per coin. Earlier, Olden called Bitcoin “an improved accounting book.”