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Standard Chartered: 61 listed companies hold 673,800 Bitcoins, and if it falls below the average holding price by 22%, it may trigger corporate dumping risk.
On June 3, CoinDesk reported that Geoff Kendrick, head of digital asset research at Standard Chartered Bank, said that 61 listed companies currently hold a total of 673,800 bitcoins (3.2% of the total supply), and if the price of bitcoin falls below the average buying price of 22%, it may trigger companies to be forced to sell. According to the report, Strategy (MSTR) holds 580,000 of them, accounting for the vast majority. Following the precedent of 2022 when Bitcoin miner Core Scientific was forced to sell 7,202 BTC when the price was 22% below cost, half of the company's holdings would be at risk of losing money if Bitcoin fell back below $90,000. Although the current wave of bitcoin corporate holdings has pushed up buying pressure, it has also buried potential selling risks.