This month, Bitcoin-focused corporate leverage surged, with four listed companies increasing their holdings of billions of dollars in BTC
2024-11-20 03:31
Odaily News November marked the arrival of a new class of Bitcoin investors. Just as the gradual launch of custodial exchanges, publicly traded trusts, futures, and spot ETFs ushered in new types of capital allocators, this month saw the peak of another type of Bitcoin product: corporate leverage. This week alone, four public companies added billions of dollars of collective debt to their balance sheets to purchase Bitcoin: MicroStrategy, MARA Holdings, Semler Scientific, and MetaPlanet. In addition, BlackRock announced the listing of options on its flagship spot Bitcoin ETF IBIT, another form of leverage. Bitcoin has risen 32% since the beginning of the month. (Protos)
Download Odaily App
Let Some People Understand Web3.0 First
