Multiple Listed Companies Purchase Bitcoin as Asset Reserves, Can It Trigger a Bitcoin Buying Spree?

Author: ANDREW SINGER Translator: Zion Editor: Rose October is a season of surprises. On October 8, Square, a mobile payment giant with a market cap of $86.6 billion, suddenly announced that it has invested $50 million in Bitcoin (BTC). Five days later, Stone Ridge Holdings, an asset management company managing over $10 billion in assets, revealed that it has purchased over 10,000 Bitcoin, worth approximately $114 million, as part of its asset reserve strategy.