Standard Chartered Bank: 61 listed companies hold 673800 bitcoins. If the average holding price falls below 22%, it may trigger the risk of corporate selling

On June 3rd, according to CoinDesk, Geoff Kendrick, head of digital asset research at Standard Chartered Bank, stated that 61 listed companies currently hold 673800 bitcoins (3.2% of the total supply). If the bitcoin price falls below the average buying price of 22%, it may trigger companies to be forced to sell. The report points out that Strategy (MSTR) holds 580000 of them, accounting for the vast majority. Referring to the precedent set by Bitcoin mining company Core Scientific in 2022, which was forced to sell 7202 bitcoins at a price 22% below cost, if Bitcoin falls below $90000, half of the company's holdings will face the risk of losses. Although the current trend of Bitcoin enterprise holdings has pushed up buying pressure, it also poses potential selling risks.