Eyenovia announced last night that it will purchase $50 million worth of $HYPE and stake it all. The news caused a surge of 3.5 times.
I saw this news before bed, and my US stock account was already out of money... so I casually added more $HYPE.
Increasing crypto holdings and various reserve news in the US stock market is undoubtedly a new meta... 😂
Now there’s another branch in the playbook for altcoins; can listed companies serve as reserve assets?
Besides the most commonly seen $BTC, $ETH, and $SOL, there are currently $XRP, $TAO, and $HYPE.
This chaotic dance will be driven by ETFs and various listed companies' speculation 😂
Just looking at the tweet below shows how terrifying the Hyperliquid community is, with 220,000 interactions coming from a smart account with less than 10K followers 👇
Is Sun's TRX included in reserves? SRM skyrocketed over 500% 👀
Just yesterday, SRM signed a $100 million equity financing agreement, initiating the $TRX reserve strategy 🔥 $TRX also rose by 5% in response, but more attention was drawn to SRM's stock price, which surged over 500% 💥
Recently, more and more companies and institutions are choosing to include cryptocurrencies in their reserves. Interestingly, most of these companies are not directly related to cryptocurrency, spanning industries from pharmaceuticals, gaming, education, to health and longevity 🤔
When it comes to crypto reserves, the general impression is mostly about BTC reserves, but after the news about $TRX, it has made everyone realize that not only BTC can be used as a reserve 💪
Coin Research has compiled statistics as of today, regarding major companies announcing they will include crypto assets like BTC, ETH, TRX, etc., in their reserves, including estimated amounts for "initiating reserves" & "signing reserve agreements" 👇
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Summary 🔍
🔹 Total over $6.5B
🔹 More than 15 companies
🔹 $BTC is the preferred asset for companies, others include $ETH, $TRX, $XRP, $SOL
🔹 Companies span various fields
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Stocks related to cryptocurrency concepts are generally rising. Perhaps in the future, the correlation between the US stock market and cryptocurrencies will be greater. Will you choose to buy stocks or continue holding cryptocurrencies? 🤔
On the other hand, is Ark Invest exiting? They have sold nearly $95M of $CRCL over the past two days.
As for the ARK Innovation ETF, there is currently a remaining position of $370M, accounting for 6.13% of the total.
ARK Invest had already purchased $150M of $CRCL before its listing.
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