Several companies made a massive commitment to Bitcoin’s Treasury this week. K Wave Media has acquired 88 btc and has spent hundreds of millions, while DDC and Animoca have invested $100 million.
Ethereum also sees new interest as several corporate owners spent millions on fresh acquisitions last night. Nevertheless, Bitcoin is now the lightning bolt in the facility’s capital.
Bitcoin’s greatest luxury race ever caused another corporate race
Bitcoin financial strategies, in which companies invest large amounts of money into large BTC stockpiles, are wiping out the world. Last week, a surge in new companies began or effectively increased Bitcoin holdings. More companies are taking part.
Korean company K Wave Media has announced plans to make a massive acquisition with the aim of holding 88 bitcoins.
“We believe this funding structure is set to implement one of the world’s most ambitious corporate Bitcoin accumulation strategies. Our aim is to expand to 10,000 Bitcoin as quickly as possible, while maintaining strong investor alignment and full transparency.”
Considering that Bitcoin prices reached an all-time high yesterday, K Wave is about to build a huge Treasury Ministry. The company claimed it was partnering with Anson Funds, an investment company that provides $500 million in funding.
At least 80% of these revenues will go to BTC’s acquisition, but K Wave could potentially invest $1 billion.
Another company that doubles its Bitcoin Treasury strategy is DDC Enterprise, which has already purchased BTC. Today we announced our partnership with the Animoca brand and invested $100 million in our DDC stockpile.
Pursuing a diverse revenue strategy, Animoca helps you manage your DDC investments and gain some of the market experience and yields.
Moreover, while Bitcoin is definitely a priority asset, some companies have built different altcoin treasury ministries. For example, Solana has its own micro-strategic whales, and Lookonchain’s data revealed seven large ETH transactions last night. Some came from corporate buyers, with Ethereum totaling $358 million.
Of course, some of these transactions are anonymous whales and may have nothing to do with the company holders. One was part of a chain of money laundering from yesterday’s GMX hack. Still, this trend indicates that the acquisitions of the Ministry of Corporate Treasury are not necessarily related to Bitcoin.
But Bitcoin financial plans are causing the horror of an imminent bubble.
How sustainable is this ramp-stretched BTC investment? Crypto holders in some companies are superior to assets held in custody. This could indicate an extreme level of speculation.
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