NYDIG: Bitcoin holdings’ “dry powder” could significantly push up prices

PANews reported on May 5 that according to CoinDesk, Greg Cipolaro, global research director of NYDIG, pointed out in his latest report that public companies holding Bitcoin have a lot of "dry powder", that is, the potential to raise funds by issuing new shares. If these companies use the current high stock price to issue new shares and use the proceeds to purchase Bitcoin, it may have a significant impact on market prices. Greg Cipolaro's preliminary estimates show that this capital deployment could cause the price of Bitcoin to rise by about 44% from the current level of nearly $96,000. The report also mentioned that pure Bitcoin companies like Twenty One, whose market enthusiasm and structural advantages may further amplify this potential impact.

Share to:

Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

Follow PANews official accounts, navigate bull and bear markets together
Recommended Reading
1 hour ago
2 hour ago
3 hour ago
4 hour ago
6 hour ago
10 hour ago

Popular Articles

Industry News
Market Trends
Curated Readings

Curated Series

App内阅读