From Yahoo Finance: 2025-05-05 10:42:00

Public companies holding bitcoin may have untapped issuance capacity that could boost BTC’s price, says NYDIG research. Companies could raise new funds and buy more bitcoin, potentially triggering a significant market move. A back-of-the-envelope model suggests a $42,000 per-coin price increase. Twenty One, a new bitcoin accumulation vehicle, is contributing to this market dynamic.

Cantor Equity Partners, SPAC partner of Twenty One, has outperformed the S&P 500 by over 347% since its announcement. 69 public companies hold around $69.6 billion worth of bitcoin. Analysts believe their stock premiums over net asset value could fund even more purchases, creating a feedback loop of equity issuance fueling BTC buying.

The “dry powder” in the form of issuance capacity could have a significant upward effect on bitcoin’s price, according to NYDIG research. Growing interest from institutions and the performance of bitcoin-forward stocks signal a shift in how capital markets approach bitcoin exposure. Companies have the potential to impact bitcoin’s price significantly through their issuance capacity.

Read more: Bitcoin Treasury Firms’ ‘Dry Powder’ Could Push Prices Up Significantly: NYDIG