Khunsha Khan

A growing trend among publicly traded companies adopting Michael Saylor’s balance sheet strategy may trigger a surge in Bitcoin's price — with Wall Street potentially reaping massive gains.

Bitcoin is once again capturing Wall Street's attention, not for its volatility, but for its remarkable potential as a balance sheet asset. A new research report by NYDIG highlights the powerful implications of what it terms a “10x money multiplier” effect — a model that suggests corporate capital inflows could drive Bitcoin’s price up by an additional $42,000, or approximately 44% above its current spot price of $96,000.

Corporate Bitcoin Buying: A Strategy Paying Dividends

The foundation of this theory lies in the success of companies like MicroStrategy, whose chairman Michael Saylor pioneered the corporate strategy of acquiring Bitcoin as a treasury asset. Saylor’s bold move not only transformed MicroStrategy’s market perception but also inspired other public companies — such as Metaplanet (3350), Twenty One (CEP), and Semler Scientific (SMLR) — to adopt similar strategies. These firms have seen their stock prices and market capitalizations surge, in many cases outperforming benchmarks and drawing investor interest.

This surge, NYDIG notes, allows companies to raise capital by issuing equity at higher valuations, which can then be recycled into further Bitcoin purchases — creating a feedback loop that enhances both stock value and Bitcoin demand.

The Mechanics Behind the '10x Multiplier'

According to NYDIG, the "10x money multiplier" is a heuristic derived from historical data, where every $1 of net new capital entering $BTC Bitcoin markets has historically added roughly $10 in total market capitalization. Applying this multiplier to the potential capital raised by public companies issuing equity, and dividing by $BTC Bitcoin’s capped supply, NYDIG arrives at the estimated $42,000 price uplift per coin.

If these projections hold true, Bitcoin’s spot price could push well past the $135,000 mark in the near term — a compelling narrative for institutional investors and asset managers seeking growth in a volatile macroeconomic environment.

Scarcity Fuels the Bull Case

Bitcoin’s hard-capped supply of 21 million coins further strengthens this analysis. As of now, publicly traded companies hold 3.63% of Bitcoin’s circulating supply, with the majority controlled by MicroStrategy. Including private companies and governments, that number rises to 7.48%, according to data from $BTC BitcoinTreasuries.net.

With such a large portion of the asset already locked up, any incremental institutional demand could dramatically amplify price movements — especially if additional U.S. government strategies emerge to acquire Bitcoin in a “budget-neutral” manner.

What This Means for Wall Street

If the trend continues, Wall Street could see a powerful new chart to show clients — one that reflects outsized gains and a hedge against traditional asset volatility. With institutional money increasingly seeking digital asset exposure and equity markets rewarding firms that embrace Bitcoin, the incentives are aligning.

NYDIG concludes: “The implication is clear: this 'dry powder' in the form of issuance capacity could have a significant upward effect on Bitcoin’s price.”

As the 10x multiplier gains traction, the strategy of converting corporate equity into Bitcoin might not just be a financial experiment — it could become a standard playbook in capital management.