BiyaPay analyst: Crypto project accelerates backdoor listing on US stock market, with cryptocurrency price not rising and stock price leading the way

According to BlockBeats, on July 30th, recent cryptocurrency projects have accelerated their layout in the US stock market, with a significant trend towards backdoor listings. After MicroStrategy achieved a stock price increase through Bitcoin investment, over 100 listed companies have disclosed their allocation of Bitcoin assets, and some companies have also included ETH, XRP, SOL, TRON, BNB, DOGE and other tokens in their plans. Market data shows that the price of shell resources in the US stock market has doubled in the short term. Some major token holders convert their cryptocurrency assets into assets of listed companies by acquiring shell resources, disclosing their holdings, and creating market value effects through holding companies, promoting the phenomenon of "coin prices not rising, stock prices rising first". In this context, BiyaPay provides a channel that supports USDT trading of US stocks, providing a convenient entry point for investors to participate in the trend of "token capitalization".