Bitcoin Could Benefit From Company Holdings in Asset — Market Talk

Bitcoin stands to gain from the trend in companies accumulating bitcoin as a core treasury reserve asset, TP ICAP's digital assets director Hina Joshi says. Companies such as MicroStrategy and Metaplanet are positioning themselves as quasi-bitcoin exchange traded funds, she says. "MicroStrategy in particular is very interesting because it's expanded its bitcoin holdings through debt issuance and equity raises." This bitcoin accumulation could help propel the cryptocurrency higher if it continues, she says. Bitcoin falls 2.1% to $117,809 after reaching a record high of $123,153 Monday, LSEG data show. (renae.dyer@wsj.com)