BTC Corporate Treasury is a threat to market stability star-news.press/wp

The Bitcoin (BTC) scheme for this year with the US dollar DXY index makes the blatant contrast. While Bitcoin rose to new horizons, penetrating a $ 120,000 threshold, DXY spent a harsh year – a decrease of 10 % so far – and is expected to continue falling in the foreseeable future. In this environment, it may not be surprising that more and more companies turn into Bitcoin as an alternative origin to support their bonds. But this unprepared trend can quickly turn into a threat not only to the Bitcoin itself, but to the wider financial market.

Just one year ago, $ 100,000 for Bitcoin was still a distant dream, while Crypto was fighting the American organizers and struggling to restore his image after the catastrophic collapse of 2022. But what is happening in the year. He rapidly submitted to this day, and SEC has dropped or the majority of its lawsuits against encryption companies indicated a more absorbing position. Meanwhile, Bitcoin is increasingly adopted as a backup asset by a number of US states and many emerging market governments. The situation towards Bitcoin has completely changed.

Not only that, but the success of the strategy (previously Microstrategy), the first Bitcoin wardrobe, was huge. The company’s share price has increased nearly 900 % in the past two years, almost fully driven by an aggressive bitcoin accumulation strategy. While many companies are moving in difficult market conditions – from tightening margins to stagnant growth – Michael Sailor enjoys returns on early bitcoin purchases. This is an attractive possibility for other companies, especially given that the original purpose of this strategy was the foundation program – far from the bitcoin giant that it has become today. Many believe that they can simulate his success. They, however, are very wrong.

Safety Network in Silor

There are several reasons for that. First, Michael Sailor had a great advantage for the first engine, after Bitcoin began buying a spray in August 2020. $ 70,000About 40 % lower than the current price. As such, he can easily overcome a great correction and publicly mentioned his intention to do so.

The strategy now 601,550 BTC 2.87 % of the total offer. If we assume that the total strategic obligations are present $ 10 -11 billion dollars In payment of debts and shares, this still makes the tie price somewhere about $ 18,000, which is a very likely sale of assets that are now trading near the $ 120,000 sign.

Until then, since a large percentage of purchases were funded through convertible bonds, this debt can be restructured. In addition, unlike the stock exchange or trading company, the strategy is not subject to forced references. Therefore, in actual reality, Silor will definitely overcome any slowdown in the next market easily.

Careful and imitated

Other corporate treasury is not completely positive. Gamestop, for example, bought 4,710 BTC In May 2025 – about $ 513 million – most likely at an average price exceeding $ 100,000. If you choose to continue this strategy now, its average will be calculated at a higher price. Other players coming to the market now buy, such as the Spanish coffee chain, Vanadi Coffee coffee, at similar or higher prices.

BTC price expectations differ, but $ 150,000 is widely considered a reasonable goal. This is only about 25 % of the day level – but more importantly, the sooner Bitcoin reaches this number, the greater the risk of a significant correction. Even before this point, the medium -cycle correction will not be from 30 to 40 % unusual, especially since the fluctuation tends to rise near the top of the market.

Michael Sailor will not hit an eyelid if this happens or when it occurs, because it agreed to very favorable conditions for its financing – including 0 % convertible bonds, structural debts with long benefits and low conversion thresholds. Others, on the other hand, accept much worse conditions on their hurry to copy the strategy. Sequans CommunicationsFor example, it raised $ 384 million to buy Bitcoin through a mixture of reduced stock and guaranteed open debts. The structure increases the risk of shareholders and leaves the company at risk if the price of bitcoin decreases.

A threat to stability

For companies like this – it is possible that others will reveal their bitcoin possesses – a 30-40 % decrease can lead to shareholders ’pressure, credit problems, or even forced liquidation. If enough of these entities is exposed and behaves at one time, they can flood the market in Bitcoin exactly the wrong moment. We have already seen sales that could cut the market: in July 2024, when the German government sold more than 5000 BTC It was seized from the piracy site, the price decreased sharply, and the feelings deviated for weeks.

In addition to already deep correction, this can be reasonably lead to a series of sales and the broader body, which reduces companies that stimulate reckless but also harm the wider financial ecosystem. Whether it is Bitcoin advocates, or not, BTC has become increasingly intertwined with traditional financing.

Spot Bitcoin ETF from Blackrock is now 85 billion dollars The giant, the founders of the founders, from hedge funds to pension plans, add BTC to their governor. Governments and countries explore bitcoin reserves. Once the original reaches this level of systematic exposure, reckless investment in companies becomes a financial stability problem.

The investigation of Bitcoin as a last effort to save the stalled business line is nothing if not reckless. Looking at the continuous bitcoin volatility – even if it decreases compared to previous sessions – things can quickly collapse. So, instead of trying to simulate Michela Silor, the best companies will achieve focus on their products, services, customers and strategy – so they are preparing for economic deflation.