According to BBX, yesterday the global public markets delivered a dominant and stunning performance in the capital engineering and value reshaping of crypto treasuries. The market was no longer engaging in minor, tentative explorations, but rather a devastating attack launched by top listed companies using sophisticated financial instruments.
—Absolute buying power: Strive (NASDAQ: $ASST) has ruthlessly used over $500 million in fiat currency to buy 6,182 BTC last week, pushing its total holdings to a new high of 43,000 BTC, while also holding over $500 million in cash ammunition.
—Giving back to the community: BitMine (NASDAQ: $BMNR) has pushed its ETH reserves to a staggering 4.95% of the total circulating supply and used the huge cash flow generated by staking to complete a stock buyback of nearly $400 million within the year.
The market is showing a clear dual evolutionary trend: "Bitcoin Treasury flagships rely on high-premium issuance of common stock to achieve frictionless spot accumulation of hundreds of millions of dollars" and "Ethereum ecosystem giants use huge on-chain native staking interest to carry out massive stock buybacks in the traditional secondary market".
Source: bbx.com
