Standard Chartered Bank: Although the current wave of bitcoin corporate holdings has pushed up buying pressure, it has buried potential selling risks

PANews reported on June 3 that according to CoinDesk, Geoff Kendrick, head of digital asset research at Standard Chartered Bank, warned that 61 listed companies currently hold a total of 673,800 bitcoins (accounting for 3.2% of the total supply), and if the price of bitcoin falls below the average purchase price of 22%, it may trigger companies to be forced to sell.

According to the report, Strategy (MSTR) holds 580,000 of them, accounting for the vast majority. Referring to the precedent of 2022 bitcoin miner Core Scientific being forced to sell 7,202 bitcoins when the price is 22% below cost, if bitcoin falls back below $90,000, half of the company's holdings will face the risk of loss. Although the current wave of bitcoin corporate holdings has pushed up buying pressure, it has also buried potential selling risks.

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