From Yahoo Finance: 2025-06-09 13:31:00

Corporate adoption of bitcoin as a treasury asset is on the rise, with 110 publicly listed companies now holding the digital currency. These “bitcoin treasuries” have doubled their holdings in two months, accumulating close to 100,000 additional bitcoins. However, newer corporate entrants have purchased at higher average prices, potentially leading to forced selling if prices drop below $90,000.

Standard Chartered’s analysis reveals that approximately half of monitored corporate treasuries would be underwater if bitcoin fell below $90,000, creating a potential domino effect of forced selling during market downturns. Most corporate treasuries have average purchase prices above MicroStrategy’s cost basis, making them more vulnerable to market volatility. Companies holding bitcoin trade at Net Asset Value multiples above 1, but these premium valuations may compress over time.

Corporate treasuries could face significant selling pressure if bitcoin drops more than 22% below their average purchase prices, potentially triggering a feedback loop of further declines. While this trend provides institutional legitimacy and buying pressure, it also poses risks with concentration of purchases at higher price levels. Understanding these dynamics is crucial as corporate treasuries represent a significant portion of bitcoin’s circulating supply.



Read more at Yahoo Finance: Are Companies About to Dump Their Bitcoin? The Warning Signs Are Here