According to Odaily, the cryptocurrency market has experienced a significant surge following the appointment of a crypto-friendly financier as the head of the United States' top financial regulatory body by Donald Trump. This development has particularly benefited companies that have adopted a strategy similar to MicroStrategy Inc., which involves selling convertible bonds to raise funds for purchasing Bitcoin.
MicroStrategy's approach has opened the floodgates for investors eager to engage with companies linked to the cryptocurrency sector. This year, MicroStrategy issued convertible bonds worth $6.2 billion, marking the beginning of its latest plan to raise $21 billion through fixed-income offerings. This strategy has inspired other companies to follow suit. For instance, MARA Holdings Inc. has sold assets exceeding $2 billion, also aimed at acquiring Bitcoin. Similarly, Core Scientific Inc. has raised over $1 billion so far this year.
The trend highlights a growing interest among investors in companies that are integrating cryptocurrency into their financial strategies. The influx of capital into these firms underscores the increasing acceptance and potential of digital currencies in the broader financial landscape. As more companies adopt similar strategies, the cryptocurrency market continues to gain momentum, attracting both institutional and individual investors.
