Public companies are hoarding altcoins, are institutional funds starting to look at fundamentals?
Now it's not just Bitcoin that's being targeted: Nasdaq-listed company VivoPower announced a financing of $120 million to hoard XRP, Sol Strategy submitted a $1 billion prospectus to buy SOL, and other companies are reserving ETH—it's clear that institutions are beginning to dive into altcoins with actual applications.
At the Bitcoin conference, Vice President Vance directly stated: 50 million Americans hold Bitcoin, with a goal of reaching 100 million, and he also said BTC is an anti-inflation artifact; the Trump administration wants to abolish all crypto restrictions, which has greatly boosted market sentiment.
However, Trump's tariffs have been halted by the court, which not only prevents new tariffs but also requires refunds for previous ones, and the small package tax exemption policy remains in place. This is a short-term positive, but it depends on how Trump retaliates—after all, the funds that were previously heated up by tariffs may need to find a new outlet.
