KOSDAQ-listed company BitMEX announced on the 19th that it has purchased an additional 28 bitcoins. With this purchase, BitMEX’s bitcoin holdings increased to a total of 165, reinforcing its strategy of focusing on digital assets as core strategic assets. BitMEX is reducing the gap in bitcoin holdings with domestic listed company WeMade, which holds 223 bitcoins, by 58, and continues to expand its company strategy centered around digital assets.
This purchase is noteworthy as it was made at a time when forecasts suggest that the price of bitcoin could rise to $120,000. Recently, global bank Standard Chartered (SC) indicated a second-quarter target price for bitcoin of $120,000 and an end-of-year target of $200,000 in its report.
Bitcoin is establishing itself as a strategic asset for major global companies, beyond being a mere speculative asset. Companies like GameStop in the U.S. and Metaplanet in Japan have seen their stock prices surge after incorporating bitcoin as a key asset.
An industry insider commented, “This indicates that the market is evaluating this strategy positively,” and added, “Bitcoin is attracting attention as an alternative for asset diversification and inflation hedging from a corporate perspective.”
BitMEX’s ongoing acquisition of bitcoin aligns with this global trend. They are structuring an asset portfolio similar to BlackRock and MicroStrategy, pursuing a mid-to-long-term strategy that recognizes digital assets as new value stores rather than focusing on short-term profits.
A BitMEX representative stated, “Beyond mere holding, we are pursuing a sophisticated asset management strategy that encompasses sequential purchases based on market trends and financial stability,” explaining that this is a strategy to build a more stable asset structure in response to the high volatility and uncertainty of the virtual asset market.
The representative continued, “We also plan to enhance credibility by clearly disclosing our virtual asset holdings through major announcements.”
Experts analyze that listed companies with significant bitcoin holdings can receive positive evaluations concerning long-term growth potential and investor trust. In a situation where global economic uncertainty is increasing, relying solely on fiat currency reveals its limits, and holding digital assets is gaining attention as an alternative to strengthening financial soundness.
A company official noted, “Bitcoin still shows high volatility, but the prevailing forecast is that the price will likely continue to rise in the mid to long term due to increasing global demand and supply restrictions resulting from halving.”
The official concluded, “This additional bitcoin purchase is part of a mid-to-long-term strategy considering these trends and will contribute to the future increase in company value.”