Several companies have made massive commitments to their Bitcoin vouchers this week. K Wave Media plans to acquire 88 BTC, spending hundreds of millions, while DDC and Animoca invest $ 100 million.
Ethereum also notes a renewal of interest, because several business holders spent millions of new acquisitions last night. Nevertheless, Bitcoin is the lightning rod for institutional capital at the moment.
The top of all time of Bitcoin triggered another business race
Bitcoin Treasury’s strategy, where companies invest enormous sums in massive BTC stocks, sweeps the globe. Last week, a wave of new companies began or considerably increased its Bitcoin participations, and others join.
K Wave Media, a South Korean company, announced its intention to make major acquisitions, aimed at holding 88 bitcoins:
“We believe that this financing structure positions us to execute one of the most ambitious bitcoin accumulation strategies in the world. Our goal is clear: to evolve our assets around 10,000 bitcoins as soon as possible while maintaining a strong alignment of investors and full transparency, “said CEO Ted Kim.
Since the Bitcoin price reached a record level yesterday, K Wave tries to build a huge treasure. The company said it joins Anson Funds, an investment company that will provide him $ 500 million in funding.
At least 80% of these products will go to BTC acquisitions, but K Wave can invest up to $ 1 billion.
DDC Enterprise, which has already bought BTC. Today, he announced a partnership with Animoca Brands to invest $ 100 million in the DDC stock.
Animoca, which continued various income strategies, will help manage DDC investments, acquire market experience and part of the return.
In addition, although Bitcoin is certainly the favorite asset, several companies build treasury bills of different altcoins. Solana, for example, has its own microstrategy type whale, and Lookonchain data revealed seven major ETH transactions last night. Several came from corporate buyers and the total quantity of Ethereum reached $ 358 million:
Of course, some of these transactions were anonymous whales, which may have nothing to do with business holders. One was even part of a gmx hack money laundering yesterday. However, this trend shows that the acquisitions of the treasury of companies are not necessarily linked to Bitcoin.
However, the Bitcoin treasure plan raises fears of an imminent bubble.
To what extent is this BTC investment durable? Some corporate crypto holders surpass the assets they have, which may indicate extreme speculation levels.
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