Bitcoin Gold Rush 2.0? Treasuries Swell With 60 New Players
Companies globally announced 60 Bitcoin-related initiatives from June 9 to 13, indicating increased corporate interest in Bitcoin as a financial asset. Six firms established new Bitcoin treasuries, collectively acquiring 404 BTC, with American Bitcoin Corp leading by purchasing 215 BTC. Ten additional companies, including Mercury Fintech with an $800 million financing plan, expressed intentions to create Bitcoin reserves, while Trump Media registered for a $2.3 billion Bitcoin Treasury deal. Twenty-three firms expanded their existing Bitcoin holdings by acquiring 2,188 BTC, with Strategy purchasing 1,045 BTC during a $979.7 million IPO. Other notable acquisitions included Remxpoint (279.9 BTC) and KULR (118.6 BTC). Nine companies indicated plans for further purchases, potentially generating $1.83 billion in demand. ANAP is set to buy 585 BTC, while GameStop announced a $2.25 billion convertible note for crypto investments. Some firms aim to tokenize assets using Bitcoin as collateral, and the Blockchain Group in France initiated a €300 million capital program with plans to raise up to €10 billion.
