‘Hoarding coins’ may be the hottest trading strategy this summer.
Companies from various industries are raising huge amounts of money to purchase cryptocurrencies. According to the latest reports from the Wall Street Journal, hotel operators in Japan, semiconductor manufacturers in France, toy manufacturers in Florida, nail salon chains, and electric bike manufacturers are all investing cash into digital tokens, driving various cryptocurrencies to new highs.
According to data from the encryption consulting firm Architect Partners, since June 1, 98 companies have announced plans to raise over $43 billion to purchase Bitcoin and other cryptocurrencies. Since the beginning of this year, nearly $86 billion has been raised for this purpose.
This figure is more than twice the amount raised by U.S. IPOs in 2025. Any company announcing plans to purchase cryptocurrency is enough to drive its stock price soaring, thereby prompting other companies to consider joining this trend.
Renowned investors have rushed in
This trend has attracted participation from prominent bankers, investors, and others. Mutual fund giant Capital Group, hedge fund D1 Capital Partners, and investment bank Cantor Fitzgerald are all supporting companies in raising massive funds to purchase cryptocurrency.
Venture capitalist Peter Thiel's Founders Fund, Mike Novogratz's Galaxy Digital, and other investors supported a company called Bitmine Immersion Technologies in raising $250 million to purchase Ethereum. Before the coin purchase announcement, the company's market value was only $26 million, but afterward, the stock price soared over 800%, and the company's value exceeded $2 billion.
Former Barclays CEO Bob Diamond stated: 'If you blink, you'll miss a few deals like this.'
Last week, the investment firm Atlas Merchant Capital, co-founded by Diamond, stated that it is collaborating with Paradigm, D1, Galaxy, 683 Capital, and other major investors to establish an entity that will spend $305 million to purchase a seven-month-old crypto token named Hype.
Imitating MicroStrategy's strategy of buying coins
These newcomers are following in the footsteps of MicroStrategy, whose CEO Michael Saylor pioneered the so-called 'crypto asset treasury strategy' in 2020.
The company has been selling stock and debt for years to purchase Bitcoin. Currently, the company is now valued at over $115 billion, with its stock price rising 153% in the past year and 3371% over the past five years.
This may be inextricably linked to the backdrop of relaxed regulation on cryptocurrencies in the U.S. This year, U.S. President Trump has actively embraced cryptocurrencies, vowing to make America the 'cryptocurrency capital of the world.' He has appointed a number of cabinet members who are friendly to cryptocurrencies, and Congress has also pushed forward legislation that could integrate cryptocurrencies into the mainstream financial system.
Risks and doubts coexist
Recently, some companies have gone beyond Saylor's recommendations—they are purchasing obscure or little-known digital currencies not to diversify their portfolios, but to place direct bets on risky tokens.
Even Saylor himself is unsure if this is wise. Saylor stated in an email:
Applying fund management strategies to other crypto assets brings different risks and is often speculative. I have yet to see a compelling reason to do so.
Analysis suggests that even in the best of times, cryptocurrencies are volatile. If a company goes all in and the token price crashes, it may hold assets that are worthless.
Last week, electric bike manufacturer Volcon raised $500 million in just seven days to launch its Bitcoin funding strategy. On the day the news was released, Volcon's stock price soared from $9.22 to over $44 as speculators rushed to buy. Subsequently, the stock price declined daily, closing at $13.40 on Friday. #上市公司囤币潮 $BTC
