NYDIG: The "Dry Powder" of Bitcoin-Holding Companies May Significantly Drive Up Prices
According to CoinDesk, Greg Cipolaro, Global Head of Research at NYDIG, pointed out in the latest report that publicly traded companies holding Bitcoin have a significant amount of "dry powder," meaning the potential to raise funds through issuing new shares. If these companies issue new shares at the current high stock prices and use the proceeds to purchase Bitcoin, it could have a significant impact on market prices. Greg Cipolaro's preliminary estimates suggest that this capital deployment could increase Bitcoin prices by about 44% from the current level of nearly $96,000. The report also mentions that pure Bitcoin companies like Twenty One, with their market enthusiasm and structural advantages, could further amplify this potential impact.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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