Crypto Treasury companies have started seeing stock prices behind stocks for sharing stocks, which analysts say may be a sign that companies are now fighting for credibility.
Thumzup, linked to Trump JR. ,, Which carries Bitcoin (BTC) and Dogoin (Doge), on Wednesday that it increases the purchases of shares from one million dollars to $ 10 million, whose shares (TZUP) sent by 7 % to the session and another 0.82 % after trading hours 4.91 dollars.
Meanwhile, Solana Treasury Defi Development Corp (DFDV) has expanded to retake its shares from one million dollars to $ 100 million, which witnessed its registered gains by more than 5 %, before settling more than 2 % and 1 % after hours of trading at $ 15.50.
The gains come after Coinbase, head of research, David Dong, and researcher Colin Basco in a report on September 10 that public companies that buy encryption enter the “player for the player” to compete more for investor money.
The treasury race has become about credibility
Speaking to Cointelegraph, Ryan McMeeline, chief investment official in the Australian investment director of Crypto Merkle Tree Capital, said that the shares of shares are a sign that the Crypto Treasury race has started to “race credibility”.
“It is no longer enough to say” we keep Bitcoin. “He said that investors want to allocate vocational capital – re -purchases, stocks, and clear treasury strategies.”
“Incorporating companies financing tools with strong digital assets. It indicates that these companies want to judge them not only for bitcoin, but on the returns of shareholders.”
Re -purchases are also a sign of confidence
Not all coded treasury companies with re -purchase promises have benefited, though. Ton Strategy Company, previously known as Verb Technology, took a similar step on September 12, but its shares (TONX) did not react positively and decreased by 7.5 %.
McMillin said the shares of shares represent a “classic reference to confidence”, when the company believes that its shares are denied by less than their value, which is important for the encrypted treasury companies listed because “its assessments often swing with a discount or discount on Bitcoin (MNAV).”
He said: “The re-purchase can tighten this gap by reducing the float and showing discipline-which investors are rewarded. The price can also move as traders are looking for a required volume of demand. Buying more bitcoin increases exposure to fluctuations.”
“On the other hand, the purchase process enhances the value of the shareholders directly, while it still leaves the story of the encrypted treasury.
The encryption treasury ran around the dollar against Bitcoin
Meanwhile, Cointelegraph said that when the company uses cash reserves to buy stocks, there are fewer available to the general public, which leads to scarcity and bullish pressure on the price.
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He said: “Crypto treasury companies are competing to find out what can create the most tempting treasury structure, but what we see is excessive strife, which is a form of channel removal-Pitcoin against the dollar.”
The treasury of encrypted assets does not go away any time soon
Bitbo tracks the companies that added Bitcoin to its public budgets, which contain more than 1.4 million coins, representing about 6.6 % of the total offer.
Michael Celor, the strategy, is the candidate that includes 638,985 Bitcoin and continues to perform regular purchases. Some analysts said that the encrypted purchase companies are saturated and all of them will not survive in the long run.
Stadelmann said he does not believe that the “cabinet phenomenon in Crypto origins” will slow down any time soon, because “an increasing number of companies will allocate part of the cabinet in Bitcoin and other encryption assets, including Fortune 500 Companies.”
“The big question for investors is any companies that Bitcoin is likely to adhere to through thick and gentle, rather than selling among bear markets or panic.”
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