Public Companies’ Potential Influence on Bitcoin Market Uncovered

A new report from PANews highlights the potential for publicly traded companies holding Bitcoin to influence cryptocurrency prices. Greg Cipolaro, Global Head of Research at NYDIG, emphasized this influence in his recent findings. These companies possess a substantial financial reserve called ‘dry powder’ – their ability to raise funds by issuing new shares. Cipolaro suggests that if they leverage their current high stock prices for new share issuance and allocate these proceeds to purchase Bitcoin, market prices could be significantly affected.