Why Bitcoin Pivots No Longer Guarantee a Stock Pump
The number of publicly traded companies holding Bitcoin (BTC) has increased, with 161 firms collectively owning 989,926 BTC, approximately 4.7% of Bitcoin's total supply. MicroStrategy remains the largest holder with 632,457 BTC. Despite initial stock price surges following Bitcoin strategy announcements, many companies have seen their shares decline post-announcement. GameStop, holding 4,710 BTC, experienced a stock drop of over 27% year-to-date after a brief spike. Empery Digital, previously Volcon, and Sequans Communications also faced similar declines despite Bitcoin investments. Vanadi Coffee's shares surged initially but fell significantly afterward. Ming Shing Group's stock dropped despite plans to acquire more BTC. K Wave Media's shares continued to slide after announcing a Bitcoin strategy. Overall, while some companies have seen temporary gains, announcing a Bitcoin strategy does not guarantee sustained stock price increases.
