Ah, Bitcoin (BTC), that elusive creature of the digital realm, is now being herded into the pens of centralized institutions. The influence of publicly traded companies, private firms, and even governments is swelling like a summer river after a storm.
Recent developments this week suggest that this trend is not merely a trickle but a torrent, raising both opportunities and concerns for the future of our beloved Bitcoin. Who knew that the future of money could be so dramatic? 🎭
Mercurity Fintech, Evertz Pharma Reveal Bitcoin Reserve Plans
In a move that could make even the most stoic investor raise an eyebrow, US-listed Mercurity Fintech Holding Inc. has announced plans to raise a staggering $800 million to build a long-term Bitcoin treasury reserve. Yes, you heard that right—$800 million! 💸
Mercurity Fintech Announces $800 Million Financing Plan for Bitcoin Treasury; Achieves Preliminary Inclusion in the U.S. Russell 2000 Index
MFH today announced its plans to raise $800 million to establish a long-term Bitcoin treasury reserve. Read full PR
— Mercurity Fintech Holding (@MFH_Holding) June 11, 2025
According to the company, these funds will transition part of its corporate treasury into Bitcoin, integrating it into a blockchain-native digital reserve system. Because, why not? Who needs cash when you can have digital gold?
In its official statement, Mercurity aims to establish a yield-generating, blockchain-aligned reserve structure. This would reinforce a long-duration asset exposure and balance sheet resilience. Sounds fancy, doesn’t it? 🏦
The initiative includes deploying institutional-grade custody, liquidity protocols, and staking-enabled capital efficiency tools. Because if you’re going to play with Bitcoin, you might as well do it with the big boys’ toys!
“We’re building this Bitcoin treasury reserve based on our belief that Bitcoin will become an essential component of the future financial infrastructure,” said CEO Shi Qiu. Well, that’s reassuring! 🙄
The announcement coincides with Mercurity’s preliminary inclusion in the Russell 2000 Index, which could increase institutional exposure. The company’s stock surged following the news, reflecting a growing investor appetite for firms integrating Bitcoin into their business models. Who knew Bitcoin could be so appetizing? 🍽️
Meanwhile, in Europe, Evertz Pharma has become the first German company to officially hold strategic Bitcoin reserves, purchasing an additional 100 BTC in May, worth roughly €10 million ($11.5 million). Talk about a beauty and the Bitcoin beast scenario!
The cosmetics company began accumulating Bitcoin in December 2020, allocating corporate profits to BTC. According to company management, Bitcoin’s scarcity, storage-free nature, and inflation hedge potential make it a superior reserve asset to gold. Who needs gold when you have Bitcoin, right? 💎
“Bitcoin is a strategic component of our stable business vision,” PANews reported, citing the firm. Stability? In the world of Bitcoin? Now that’s a plot twist!
One-Third of Bitcoin Now Held by Centralized Entities
A new report by Gemini and Glassnode reveals that centralized treasuries, including governments, ETFs, and public companies, control 30.9% of Bitcoin’s circulating supply. This marks a significant milestone in the institutionalization of the pioneer crypto. Who knew Bitcoin would grow up to be so… responsible?
Additionally, over 75% of adjusted Bitcoin transfer volume now occurs through centralized exchanges, US spot ETFs (exchange-traded funds), and regulated derivatives platforms. This is a stark contrast to the asset’s early peer-to-peer (P2P) roots. Ah, the good old days of wild west Bitcoin! 🤠
This institutional dominance has led to declining volatility, with annualized realized volatility decreasing since 2018. Because who wants excitement when you can have stability, right?
“I still wish Bitcoin never got an ETF. It moves slower than most stocks and has lost its appeal to trade. We replaced exciting volatility with boring stability, just what the suits and institutions wanted,” analyst IncomeSharks said recently. Well, that’s one way to look at it!
While Bitcoin is still a risk-on asset, its integration into traditional finance (TradFi) has made price action more stable and less speculative. Stability? In Bitcoin? What a concept!
Retail FOMO cycles are over
This is the institutional cycle
— Quinten | 048.eth (@QuintenFrancois) June 12, 2025
President Donald Trump signed an executive order in March to explore a US Strategic Bitcoin Reserve, further cementing BTC’s role in sovereign finance. Because nothing says “trust me” like a government-backed Bitcoin reserve!
According to Gemini, each $1 invested by such entities could generate up to $25 in short-term market cap expansion and roughly $1.70 in long-term structural value. Sounds like a great deal, doesn’t it? 😏
These developments highlight a critical point for Bitcoin. As large institutions and governments take control of more BTC, the network’s original ethos of decentralization faces pressure. But hey, who needs decentralization when you have institutional backing?
Yet, for many market participants, this trend represents a necessary growth legitimizing Bitcoin as a strategic macro asset. Because nothing says “legitimacy” like a bunch of institutions getting involved!
With public companies like MicroStrategy (now Strategy) and Tesla setting early examples, and newcomers like Mercurity and Evertz Pharma joining, the Bitcoin accumulation wave appears far from over. It’s like a never-ending party, and everyone’s invited! 🎉
Taken together, the report’s findings suggest that Bitcoin is moving beyond its retail-driven experiment status to becoming embedded within the global financial system. However, this comes at the cost of growing centralization. Who knew Bitcoin would grow up to be so… mainstream?
“There once was a dream that was Bitcoin… this is not it,” one user on X lamented. Ah, the nostalgia!
The concern is that institutional dominance contradicts Bitcoin’s founding ethos of decentralization. With growing institutional influence, TradFi players risk centralizing control in a space designed to empower individuals over institutions. But hey, who doesn’t love a good irony?
Read More
2025-06-12 10:57