Publicly traded companies are increasingly adopting Bitcoin as a treasury asset, following MicroStrategy's lead in incorporating it into its corporate treasury. Cathedra Bitcoin and Metaplanet are among the companies focusing on boosting their Bitcoin holdings per share. Cathedra Bitcoin has shifted from mining to data centers to increase its Bitcoin holdings, while Metaplanet aims to grow its holdings each month and has seen a 587% increase in stock value year-to-date. MicroStrategy remains a pioneer in the space and recently announced a convertible notes offering to redeem high-interest secured notes and buy more Bitcoin.
Analyst Jamie Coutts Says Crypto Market Could Be in the Final Throes of a Bearish Phase – Here’s Why