{"id":25244,"date":"2025-05-05T15:33:31","date_gmt":"2025-05-05T15:33:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25244"},"modified":"2025-05-05T15:33:31","modified_gmt":"2025-05-05T15:33:31","slug":"bitcoin-treasury-firms-dry-powder-could-push-prices-up-significantly-nydig","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25244","title":{"rendered":"Bitcoin Treasury Firms’ ‘Dry Powder’ Could Push Prices Up Significantly: NYDIG"},"content":{"rendered":"
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Bitcoin-holding public companies may be sitting on a powerful market catalyst: untapped issuance capacity that could meaningfully raise bitcoin\u2019s (BTC) price, according to new research from NYDIG.<\/p>\n<\/p>\n

In a report published this week, Greg Cipolaro, the firm\u2019s global head of research, points to the \u201cdry powder\u201d in the form of share issuance potential among bitcoin treasury companies. If these companies take advantage of their elevated equity valuations to raise new funds and buy more bitcoin, it could trigger a significant upward move in the market.<\/p>\n<\/p>\n

Cipolaro uses a back-of-the-envelope model to estimate the impact: applying a 10x \u201cmoney multiplier\u201d \u2014 a historical rule of thumb describing how capital inflows have historically influenced bitcoin\u2019s market cap \u2014 he projects a potential $42,000 per-coin price increase. That would mark a roughly 44% jump from current levels near $96,000.<\/p>\n<\/p>\n

This market dynamic has gained new urgency following the launch of Twenty One, a bitcoin accumulation vehicle backed by Tether, Bitfinex and Cantor Fitzgerald. Unlike other firms that have folded bitcoin into broader business models, Twenty One exists solely to acquire and hold bitcoin, and has already been seeded with a substantial BTC position.<\/p>\n<\/p>\n

Its SPAC partner, Cantor Equity Partners, has outperformed the S&P 500 by over 347% since the deal was announced.<\/p>\n<\/p>\n

Across the sector, 69 public companies hold around $69.6 billion worth of bitcoin. Cipolaro\u2019s analysis suggests that their current stock premiums over net asset value could fund even more purchases \u2014 effectively creating a feedback loop, where equity issuance fuels BTC buying, which drives up the value of both the bitcoin and the issuer\u2019s shares.<\/p>\n<\/p>\n

\u201cThe implication is clear,\u201d Cipolaro writes. \u201cThis “dry powder” in the form of issuance capacity could have a significant upward effect on bitcoin\u2019s price.\u201d<\/p>\n<\/p>\n

Whether or not these companies pull the trigger, the growing interest from institutions and the performance of bitcoin-forward stocks signal a shift in how capital markets approach bitcoin exposure \u2014 through balance sheets rather than just ETF flows.<\/p>\n

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk\u2019s full AI Policy<\/a>.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin-holding public companies may be sitting on a powerful market catalyst: untapped issuance capacity that could meaningfully raise bitcoin\u2019s (BTC) price, according to new research from NYDIG. In a report published this week, Greg Cipolaro, the firm\u2019s global head of research, points to the \u201cdry powder\u201d in the form of share issuance potential among bitcoin […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25244","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25244","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25244"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25244\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}