According to the Standard Chartered report, the main share falls on the company Strategy, which holds 580 955 VTS on its balance sheet (86% of corporate reserves). Experts connect the growth of the share of corporate adoption of bitcoin with the Strategy strategy, which inspired companies such as Metaplanet.
According to Standard Chartered, over the past two months, Strategy Imators have increased their stocks from 50,000 VTS to 100,000 BTC, which enhances the demand for digital assets. However, 58 out of 61 companies have multipliers of a clean value of assets (NAV) above 1, which indicates a reassessment of their bitcoin assets due to market inefficities, including regulatory barriers.
The Standard Chartered noted favorable prospects for crypto industries, which are associated with increasing institutional interest in the flagship cryptocurrency, which can increase the liquidity and cost of bitcoin.
At the same time, they warn that with a sharp drop in prices, for example, 22% lower than the average purchase price of VTS, this can lead the company to the forced elimination of their bitcoin reservations to cover operating losses. So, earlier, Core Scientific announced the sale of 7,202 BTC to cover operating costs.
Source: Bits
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