Will 1 in 4 S&P 500 Firms Go Bitcoin?

Financial experts believe that by 2030, around 25% of S&P 500 companies could adopt Bitcoin.

Here's what we've got for you today:

  • One in Four S&P 500 Firms Could Hold Bitcoin by 2030

  • MARA Holdings Plans Huge $2B Stock Offering to Buy More Bitcoin

  • CoinFund Predicts $1 Trillion Stablecoin Market by 2025

  • DeFi Protocol SIR.trading Loses Entire $355K TVL in ‘Worst News’ Possible

Financial experts believe that by 2030, around 25% of S&P 500 companies could adopt Bitcoin as part of their corporate treasuries.

  • Elliot Chun predicts that by 2030, around 25% of S&P 500 companies will hold Bitcoin on their balance sheets due to the pressure on treasury managers to capitalize on Bitcoin's potential.

  • Currently, only Tesla and Block hold Bitcoin among S&P 500 firms. This means that Chun’s forecast will require at least 123 more companies to adopt Bitcoin.

  • Globally, 89 public companies already hold Bitcoin, with Strategy leading the way. GameStop is also considering adding Bitcoin to its balance sheet after a recent $1.3 billion funding round.

MARA Holdings Inc (MARA) plans to sell up to $2 billion in stock to buy more Bitcoin. 

  • MARA Holdings filed with the SEC to sell up to $2 billion worth of its stock through an at-the-market agreement with firms like Cantor Fitzgerald and Barclays.

  • The company plans to use the proceeds for general corporate purposes, including buying Bitcoin and boosting working capital.

  • MARA’s strategy is very similar to that of MicroStrategy, which famously used stock offerings to accumulate more than 506,000 BTC valued at $42.4 billion.

David Pakman predicts that the global stablecoin supply could climb to $1 trillion by the end of 2025.

  • CoinFund’s David Pakman predicts that the global stablecoin market could grow to $1 trillion in supply by the end of 2025, up from the current $225 billion.

  • Pakman believes this growth will be a major driver for broader cryptocurrency adoption and the expansion of decentralized finance (DeFi).

  • He firmly believes that a trillion-dollar stablecoin market will bridge traditional finance and DeFi, unlocking greater liquidity, utility, and yield opportunities.

The hack could be one of the first real-world attacks targeting the transient storage that was introduced during Ethereum’s Dencun hard fork.

  • Ethereum-based DeFi protocol SIR.trading was hacked on March 30, which resulted in the loss of its entire $355,000 total value locked (TVL).

  • Blockchain security firms TenArmorAlert and Decurity first detected and reported the hack, and warned users on X.

  • SIR.trading’s founder, Xatarrer, acknowledged the severity of the attack but indicated plans to continue the project despite the huge loss.

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