CandleFocus

Will a MicroStrategy Counterpart Emerge for Ethereum?

The growing trend of companies adding Bitcoin to their balance sheets could significantly increase demand for cryptocurrencies in 2025, according to Jake Ostrovskis, an over-the-counter (OTC) trader at market-making firm Wintermute. He noted the increasing interest of corporations, small and medium-sized enterprises (SMEs), and traditional institutions in adopting Bitcoin as a strategic asset. This trend has been fueled by MicroStrategy, which has purchased over $10 billion worth of Bitcoin and plans to buy more. Ostrovskis mentioned examples of firms issuing convertible bonds to fund Bitcoin purchases. He also speculated that it's only a matter of time before someone turns themselves into an Ethereum investment vehicle, similar to MicroStrategy's approach with Bitcoin.

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