A large number of companies bought or planned to buy Bitcoin today, reflecting a rapidly accelerating global trend towards corporate acquisitions. The impact of this growing movement on the Bitcoin ecosystem is not clear.
Last week, public companies spent $275 million on Bitcoin, while Metaplanet alone approached this amount. Companies like Strategy, Semler Scientific, Genius Group, and others also made commitments today.
Companies continue to buy Bitcoin.
The number of companies around the world buying and storing Bitcoin is increasing, even surpassing Bitcoin ETF issuers in their eagerness. Just today, several companies announced massive new acquisitions or plans to do so, giving a glimpse into the enormous scale of this trend.
For example, Strategy (formerly known as MicroStrategy) plans to raise $4.2 billion to purchase BTC:
According to the company's press release, Strategy plans to sell a large amount of its STRD shares, which is a new stock offering, with the aim of purchasing more Bitcoin. The company has purchased Bitcoin worth over a billion dollars several times this year, but this massive commitment exceeds all expectations.
Strategy plans a massive purchase, while other companies are making smaller purchases. Metaplanet, one of the top five public companies in terms of Bitcoin holdings, bought 2,205 Bitcoins today.
At current prices, its spending is about $238.8 million. Last week, total acquisitions of companies reached $275 million, meaning Metaplanet nearly exceeded this figure in one day. For some reason, this trend may be accelerating.
For example, Genius Group raised its Bitcoin target reserve to 10,000 today, up from just 1,000. Last week, the company spent $2.1 million on Bitcoin and plans to use a "balanced mix of funding sources" - including revenues, Bitcoin returns, and equity sales - to significantly expand its operations.
These are some of the most ambitious companies, but the number of ambitious startups is growing rapidly. DDC Enterprises announced the purchase of 230 Bitcoins, while the company previously owned only 122 Bitcoins. Semler Scientific spent $20 million on acquisitions, maintaining a rapid and stable growth rate. Several other companies bought smaller amounts.
All these companies leave the community with one question: what is the impact of this behavior on Bitcoin? Some experts are already raising concerns about a bubble, especially since the performance of some of these companies exceeds that of Bitcoin itself. It is difficult to predict how markets will react to this trend, but there seems to be one thing that is clear.
These companies are accelerating, not slowing down.