Bitcoin (CRYPTO: BTC) has seen the treasury company trend accelerating, though the surge in interest isn’t translating into higher prices.
What Happened: Despite a surge in Bitcoin treasury holdings by public companies and 100% in asset value, the price of Bitcoin hasn’t meaningfully benefited.
The crypto king remains 8% below its all-time high and only 19% up year-to-date, only modestly outperforming the S&P 500.
The main reason is that much of the activity is Bitcoin shifting from private to public treasuries, not fresh inflows.
When both public and private …