$BTC 💰 Companies with Bitcoin reserves are profitable, but are buying very little.
These companies hold Bitcoin at an average cost of around $80,000, and since September 18, Bitcoin’s price has risen above that level.
When they’re in profit, buying can become self-reinforcing: purchases push prices higher, rising prices boost the value of their shares, and those shares can then fund further purchases.
These companies hold Bitcoin at an average cost of around $80,000, and since September 18, Bitcoin’s price has risen above that level.
When they’re in profit, buying can become self-reinforcing: purchases push prices higher, rising prices boost the value of their shares, and those shares can then fund further purchases.
