Presto Research: Corporate Crypto Asset Reserves Face Bubble Risks, but These Are Now "More Subtle"

Odaily星球日报2025/06/19 13:16

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

According to analysis by Presto Research, the current “crypto asset reserve strategy,” in which companies include crypto assets in their financial reserves, carries significant bubble risks, but the landscape is more complex and nuanced than in previous market cycles. Presto Research points out that this trend involves potential risks such as market corrections, liquidity crises, and leverage issues. However, compared to the 2017-18 ICO bubble, today’s reserve strategies exhibit more structural differences, such as the use of convertible bond financing, leveraging influential figures to attract capital, and policy-driven incentives. Additionally, analysts warn that if volatility in the crypto market intensifies, these reserve-holding companies could face rapid sell-off pressure, potentially triggering systemic risk. This round of strategies combines Bitcoin reserves with equity financing, leverage instruments, and policy motivations, making it fundamentally different from past purely speculative bubbles. (The Block)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

According to reports, the trading firm JonesTrading is marketing up to $500 million worth of stock shares on behalf of some investors, at a 3% to 5% premium over the IPO issue price. This indicates that investors are already transferring their anticipated IPO allotted shares before the IPO is officially issued.

华尔街见闻•2026/11/10 23:03

Nvidia continues to plummet, losing $430 billion in market value over two days, with Microsoft temporarily reclaiming the world's second place.

On Tuesday, Nvidia closed down 5.5%, a decline significantly greater than other major tech stocks, making it a key factor dragging down the tech sector's performance. During intraday trading on Tuesday, Microsoft's market capitalization briefly surpassed Nvidia, making it the world's second largest publicly traded company by market value. However, after Anthropic released its office suite, Microsoft's losses widened, causing it to fall behind Nvidia once again.

华尔街见闻•2026/11/10 23:01