Bitcoin treasury frenzy is faced with the first major test, as the market cools down
Since more and more companies are adding Bitcoin to their balance sheets in order to repeat the success of the Early Adopters, the concern is growing that many of these companies may not have the necessary resilience in order to survive a continued downturn of the cryptom market.
The Bitcoin advocate Max Keiser recently questionedWhether new market participants who rely on the Bitcoin trasury strategy can keep up with the discipline of Michael Saylor, whose company is considered a pioneer of large-scale Bitcoin acquisitions. In a contribution to X on May 30, Keizer warned that many of these newbies have not yet come across the true test of a bear market – something that Saylor has survived without sales themselves were even deep in the minus.
Strategy's unshakable commitment contributed to legitimizing Bitcoin reserves from companies, but also triggered a wave of imitators. Dozens of companies have followed this example in the past few months to increase their stock value and to secure themselves against inflation by warding off their treasury assets in BTC.
The rush gained dynamics after the strategy share had reached a historic high at the end of November at the end of November, which companies like Strive-co-founded by the former US presidential candidate Vivek Ramaswamy-and Trump Media and Technology Group to join the trend. TMTG, who is partly owned by President Trump, recently announced a capital supply of $ 2.5 billion for the purchase of Bitcoin.
However, this enthusiasm has led to excessive reviews. MetaPlanet, one of the first users, is currently being acted with an enormous surcharge, whereby his Bitcoin engagement is rated almost six times higher than the Spotmarkt Prize from BTC. Analysts are increasingly skeptical that such surcharges are sustainable, especially if the market cools down or that corporate buyers lose their conviction.
Some forecasts even assume that companies could one day keep more than half of the entire Bitcoin stock. However, if the market conditions change, the determination of these companies could be put to the test for the first time – and the question arises whether these so -called “strategy clones” are willing to keep in the long term, even with volatility, or whether they will panic in the first signs.
