NYDIG: The 'dry powder' of Bitcoin holding companies may significantly push up prices

According to CoinDesk, Greg Cipolaro, Global Research Director at NYDIG, pointed out in his latest report that publicly traded companies holding Bitcoin have a lot of "dry powder" potential to raise funds through issuing new shares. If these companies use the current high stock prices to issue new shares and use the proceeds to purchase Bitcoin, it may have a significant impact on market prices. Greg Cipolaro's preliminary estimate suggests that this capital deployment could cause the price of Bitcoin to rise by approximately 44% from its current level of nearly $96000. The report also mentioned that pure Bitcoin companies like Twenty One, with their market enthusiasm and structural advantages, may further amplify this potential impact.