Jessy, Golden Finance
The "microstrategy" trend of altcoins will begin in May 2025.
Companies that mimic micro-strategies similar to altcoins like ETH, TRX, SOL, XRP, DOGE, and BNB are springing up like mushrooms after rain.
Unlike the strategy of purchasing Bitcoin through MicroStrategy's single issuance of convertible bonds, the operational pathway is roughly as follows: the stakeholders behind these altcoins buy a shell company on the US stock market and then announce the purchase of a certain token as a reserve. Both the stock price and the token price will experience a surge in the short term.
However, after a brief frenzy in stock prices, these altcoins' micro-strategies have all faced a decline in stock prices. For instance, the price of the Ethereum version of MicroStrategy, Sharplink, reached nearly $80 per share after the announcement, and now the stock price is less than $20 per share. Currently, the largest institution holding Ethereum, Bitmine, has seen its stock price on July 3.