By some they are called “infinite cash” and “ticking clock bomb” by others. Welcome to the world of tax companies Bitcoin, public companies that prescribe the principles of corporate financing by transforming capital into Bitcoin.
These companies employ profits to enhance the price of shares and employ the rush to buy even more bitcoins (BTC). This is a cycle that until now was extremely profitable.
The heart of this movement is the strategy – earlier Microstrategy – which has over 590,000 BTC worth over $ 60 billion. The company has become one of the most outstanding Bitcoin corporate owners. And it is not alone. Over 130 companies have added cryptocurrency to their balances, and this number is growing.
These companies follow the subject of the pioneer of Michael Saylor: raise capital, buy bitcoins, climbing watch, share prices, repeat. But behind the profits are a risk that few talk about, sensitivity that can shake the entire cryptocurrency ecosystem if everything turns south.
Among the Bitcoins investors and enthusiasts, questions are approaching what is happening next. Is this fuel behind the next Bitcoin Bulle? Do we also look at the structural risk that can cause another disaster?
Check the YouTube Cointelegraph channel to get Detailed division Bitcoin corporate adoption. Don’t forget to like, comment and subscribe, so you’ll never miss the fresh episode.
Related: June remains the Bitcoin threat zone, and the summer so S&P 500