The Classover Holdings Educational Technology firm (Kidz) said at the beginning of May that it would sell shares worth $ 400 million to buy Solana. His stock exploded higher. The shares of the company that quote vigorously, with a very shy market capitalization of $ 50 million were fired from $ 1.15 to more than $ 7 in just two sessions before resolving the current $ 3.69. .
Classover was not the first company to experience the cryptographic, and it will not be the last.
A growing number of dark companies, from Microcap and Nanocaps is adopting the cryptocurrency, not as a line of business or payment method, but as a general balance article that accompanies the holders. They often follow the same script: an advertisement of a change in the strategy to maintain digital assets such as Bitcoin or Solana, followed by a pop in the price of actions.
Today, GD Culture Group (GDC), a company with a market capitalization of around $ 30 million, announced plans to sell up to $ 300 million in shares to buy Bitcoin and Trumpcoin (Trump), a token of meme theme about the president of the United States, Donald Trump. The company declared that this purchase was part of its new “Crypto Asset Treasury strategy.” The action increased 13% in the news.
Also today, Amber International Holdings (AMBR), valued at just under $ 900 million, said it would assign $ 100 million to a cryptocurrency basket, including Bitcoin, Ethereum Eth$2,484.47solarium, XRP$2.53Binance currency BNB$661.51 and sui Sui$3.95.
Everyone tries to imitate the original corporate cryptographic evangelist: strategy (MSTR). In August 2020, the business software company turned to use Bitcoin as its main treasure reserve asset. Since then, its shares have triggered more than 3,000%, fed not for software sales or product innovation, but the price of Bitcoin. Many retail investors now deal with shares as a proxy for exposure to Bitcoin.
But while the strategy had a long -standing business and a transparent and consistent strategy, in addition to its president, Michael Saylor, emerging early as a Bitcoin defender, these newer companies seem to be taking advantage of the cryptographic exaggeration machine with little history or monitoring.
Take Worksport, a manufacturer of truck covers that are quoted in Nasdaq. Last year, the company announced plans to invest its cash reserves in Bitcoin and XRP. His stock, which had been sliding for years, jumped after the announcement. But the rally did not last, and the action has since returned to the levels prior to the announcement. The company said in April that it had made an initial purchase of six figures.
“We are still optimistic in our initial positions and we have been sustaining. We will consider adding in the future as appropriate,” a spokesman told Coindesk at that time.
The playing book seems simple: find a bustling cryptographic file, announce a strategic purchase or assignment and then make the temporal increase in the attention of retail investors. In many cases, the amount that the company plans to invest greatly exceeds its own market capitalization. That was true for the class and GD culture, which proposed multimillion -dollar assignments despite asserting a fraction of that.
It is not clear if these companies will really make their proposals or how they plan to raise the funds. But market reaction points to a pattern: microcap companies are using cryptography as a megaphone.
Even so, tactics is resulting in the short term. While the market rewards holders related to cryptographic with manifestations of shares, small companies continue to climb to the car.
It remains to be seen if any of them becomes long -term cryptographic believers as a strategy.
However, there are some companies that seem to take the strategy route more seriously and see results. The Japanese investment firm Metaplenet has constantly increased its Bitcoin holdings to 6,796 since it launched its Bitcoin Treasury operations in April 2024, positioning itself as one of the most committed corporate headlines in Asia.
Similarly, the medical devices based in the United States, Semler Scientific, has been buying Bitcoin consistently since he adopted it as a reserve asset. It now has 3,634 BTC in its general balance, which reflects a strategy that reflects Microstrategy’s play book instead of simply borrowing the headlines.
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