{"id":30010,"date":"2025-06-03T14:46:56","date_gmt":"2025-06-03T14:46:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=30010"},"modified":"2025-06-03T14:46:56","modified_gmt":"2025-06-03T14:46:56","slug":"todays-corporate-bitcoin-holders-could-be-tomorrows-forced-sellers-stanchart","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=30010","title":{"rendered":"Today’s Corporate Bitcoin Holders Could be Tomorrow’s Forced Sellers: StanChart"},"content":{"rendered":"
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Corporate bitcoin BTC treasuries are adding to buying pressure at the moment, but a sharp drop in the price of the world’s cryptocurrency could lead to forced liquidations, Standard Chartered analyst Geoff Kendrick said in a research report on Tuesday.<\/p>\n

As many as 61 publicly listed companies have adopted the cryptocurrency as a treasury asset, and these firms now own a combined 673,897 bitcoin as of the end of May, or 3.2% of the cryptocurrency’s total supply, the report said.<\/p>\n

That big number, of course, owes nearly everything to Michael Saylor’s Strategy (MSTR), which by itself holds a total of 580,955 tokens.<\/p>\n

“Based on the 2022 example of Core Scientific (CORZ), we estimate that prices more than 22% below average purchase prices could lead to liquidations,” wrote Geoff Kendrick, head of digital assets research at Standard Chartered.<\/p>\n

In the bear market of that year, the bitcoin miner under considerable financial pressure sold 7,202 bitcoins<\/a> in June 2022 at an average price of $23,000 to raise about $167 million.. <\/p>\n

“The forced sale price (forced in the sense that creditors would no longer fund Core Scientific’s business model) was just 22% below the cost of production,” said Kendrick.<\/p>\n

If bitcoin were to move back below the $90,000 level, half of these bitcoin treasuries would be underwater, he added.<\/p>\n

Read more: Bitcoin to See Additional $330B of Corporate Treasury Inflows by 2029: Bernstein<\/span><\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Corporate bitcoin BTC treasuries are adding to buying pressure at the moment, but a sharp drop in the price of the world’s cryptocurrency could lead to forced liquidations, Standard Chartered analyst Geoff Kendrick said in a research report on Tuesday. As many as 61 publicly listed companies have adopted the cryptocurrency as a treasury asset, […]<\/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-30010","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\/30010","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=30010"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30010\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30010"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30010"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30010"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}