Bitcoin (BTC) Maximalist Max Ciizer recently suspected the capacity of the new bitcoin Treasury companies, following the corporate BTC reserve system, who became popular by the strategy co-founder Michael Sayler, to maintain financial discipline during a long bear market.
According to Bitcoin Maximalist, Michael Solar has faced the previous bear market and continued to deposit BTC with high sentence, a landscape that new BTC Treasury companies have yet to face. Keizer wrote on 30 May Post,
“Strategy clones have not been tested in a bear market. Siler never sold and busy buying, even when their BTC situation was under water. It is foolish to think that the new bitcoin treasury strategy clones would have the same discipline.”
“Strategy is a bitcoin of BTC Treasury plays. Proceed accordingly,” the Keyer wrote in the first X. Post,
Michael Syrorer’s company attracts attention equally from Crypto and traditional financial investors, attracts fresh capital flows and inspires dozens of copying companies.
This spread of BTC Treasury companies can create a situation in which 50% of the total bitcoin supply or more corporations are estimated by some analysts.
Connected: Bitcoin yet to hit $ 150k because outsiders are ghosts – Michael Sayler
Strategy copy scores emerge as stock premium
After a rapid rise in the price of strategy stocks, which raised the company’s shares several times at the high level of all time of $ 543 on November 21, dozens of companies announced a plan to protect the price of their reserves and adopt a bitcoin treasury scheme to increase the price of share.
On 7 May, Strive, an asset management firm founded by former political candidate Vivek Ramaswamy announced that it was becoming a bitcoin treasury company.
https://www.youtube.com/watch?v=ae_enjrbddu
Trump Media and Technology Group (TMTG), a media and online tech company, partly owned by US President Donald Trump, confirmed a $ 2.5 billion increase on 27 May to buy bitcoins.
Metaplanet, a company that previously adopted a bitcoin treasury plan, is trading at a bitcoin premium of about $ 600,000.
This means that investors are paying about six times more for bitcoin exposure, as they just bought bitcoin directly on spot retail markets.
This premium has increased the alarm bell from some analysts, which argue that these high evaluation are not durable.
magazine: Danger signs for bitcoin leaves it in the form of retail: Akash Moot
