Why large companies in altcoins

Since the beginning of June, three companies, shares of which are traded on the Canadian and the USA stock exchanges, announced the inclusion of Hyperlique (HYPE) cryptocurrency (HYPE) in the corporate reserve. This may indicate that the trend for adding bitcoin to companies balance has spread to other cryptocurrencies. Experts indicate that buying cryptocurrencies as a reserve for organizations is a driving force for this market cycle, writes RBC Crypto.

“Each cycle, the founders are chasing a stream of hot money. In the last cycle, this meant the launch of token. In this cycle, your token is displayed on the stock market (a la treasury companies). But hot money never remains in place, so treasury companies will not become the ultimate goal. But I would suggest that it will take one or two years until the excitement is subsided, ”wrote Khasib Kureshi, managing partner of Dragonfly Capital.

A similar opinion was expressed by the co-founder of Blockstream and one of the first participants in the Bitcoin community Adam Beck, but only in relation to Bitcoin, and not the cryptocurrency market as a whole: “It is time to change altcoins to bitcoin or to the paper of companies that buy it.”

Back also noted that “this cycle can become quite profitable, but it will stretch for several years”, predicting the growth of bitcoin to $ 1 million amid the trend of purchase by cryptocurrency companies.

Hyperlique and her Hype

On June 23, the American company Eyenovia, traded on NASDAQ under the Eyen Tiker, announced that it attracted $ 50 million by private attracting capital, which allowed it to purchase more than 1 million HYPE at an average price of about $ 34 per token.

The plans to create a HYPE reserve in Eyenovia were announced in mid -June. Since the announcement of June 17, the price of Eyen shares has increased by 83%, to $ 5.6, according to TradingView.

The Hyperlique platform works as a decentralized exchange (DEX) on its own blockchain. It supports trading with the credit shoulder and provides high liquidity, but does not require personality verification. Hyperlique, specializing in derivatives, takes fifth place in the daily volume of trading by unlimited futures and open interest (OI) among all similar platforms after Binance, OKX, BYBIT and BITGET. According to the Laevitas analytical service on May 26, the daily trading volume on Hyperlique is $ 8.2 billion, and an open interest is $ 7.3 billion.

On June 18, another American company, Lion Group Holding (LGHL), also traded on NASDAQ, announced on attracting $ 600 million to create a reserve for creating a reserve, including HYPE cryptocurrency. The price of the shares of this company increased by more than 50% after the announcement, but by the current moment it fell several percent lower than before the announcement.

“Hyperliquid is a natural expansion of the existing LGHL derivatives business to decentralized markets,” said the general director of LGHL Wilson Van, adding that the company also distinguishes SOLANA cryptocurrencies (SOL) as a leader in the field of applications and SUI (SUI) that supports World Liberty Financial Erica Trump.

The first company, which on June 12, which announced the purchase of HYPE for a corporate balance, was the Canadian Tony G Co -Investment – she said that, as part of a long -term digital asset strategy, she acquired 10.4 thousand HYPE tokens at an average price of about $ 42.24. On June 13, the company changed the name to Hylq Strategy (Hylq) – its shares increased in price by 3.5 times, according to June 23, with a peak of growth of more than eight times within three trade days after the application for the purchase of HYPE.

Strategy

It is noteworthy that rebranding on Hylq Strategy is very similar to what the company that is the largest corporate Bitcoin holder has done is Strategy, which also rebranded at the beginning of 2025, changing the name with Microstrategy. But with one important difference – Strategy only buys bitcoin on his balance.

According to June 22, on the balance of Strategy 592 345 bitcoins (about 2.7% of the total issue), the company has spent about $ 41.87 billion at the average purchase price of $ 70,681 per 1 BTC since 2020.

The main distinguishing feature of Strategy was that to buy bitcoin, the company mainly uses debt obligations with a low or zero coupon rate. They can be exchanged for shares with a high premium to the price price – up to 40-50%. It was this strategy of accumulation that was adopted in the stock markets. Already about 150 traditional companies followed the example of Strategy, founded by Michael Saylor and buying Bitcoin (BTC) for balance since 2020. The company’s activities to accumulate the main cryptocurrency coincided with the growth of MSTR shares more than 25 times from the moment of the first purchase of BTC (according to the early June). Even more debts. How 2022 can predict collapse on crypto

Other cryptocurrencies

Despite the fact that many experts do not consider other cryptocurrencies, in addition to bitcoin, as a corporate reserve, the market continues to expand. Initially, the trend covered the largest cryptocurrencies, including Ethereum (ETH) and SOLANA (SOL), and other cryptoactives appear in this market over time.

So, for example, the former heads of the Coral Capital cryptocurrency Head Fund intend to attract $ 100 million for buying BNB Chain (BNB) tokens, Bloomberg writes. They also intend to rename an unnamed company (quoted on NASDAQ) in Build & Build Corporation and start accumulating BNB tokens.

In mid -June, another trading company, SRM Entertainment, announced the plans for creating a reserve from the TRON (TRX) blockchain (TRX) in mid -June. And the founder of Tron Justin San was appointed adviser to the company. Her plans for the accumulation of TRX include attracting $ 210 million.

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