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RT Bitcoin For Corporations (@BitcoinForCorps)JUST IN: 🇯🇵 Metaplanet (3350.T) adds 5,419 BTC (~¥93.6B) to its corporate treasury.💰 Total holdings: 25,555 BTC⚡ BTC Yield: 395.1% YTD@Metaplanet_JP's largest single purchase ever cements them as a Top-5 global corporate #Bitcoin holder. https://t.co/IhNlFIWKW0 ...

Summary of Key Points from the Conference Call Industry Overview - The focus is on the **Chinese equity market**, particularly the recent rally in onshore equities and the factors influencing it [8][35]. Core Insights and Arguments 1. **Drivers of the Rally**: The recent rally in Chinese onshore equities has been primarily supported by: - Domestic retail margin traders - Inflows from foreign retail investors - Speculative investors via CSI 300 futures contracts - Short covering has played a minimal role [8][35]. 2. **Margin Purchases**: The ratio of margin purchases as a share of the free float in the onshore Chinese equity market currently stands at **3.6%**, which is below the local peak of **3.8%** in early April and well below the record high of **6.4%** in 2015 [8][24]. 3. **Market Liquidity**: The rally has likely been amplified by a deterioration in market liquidity conditions in CSI 300 futures, indicating that liquidity issues may have contributed to the price movements [8][35]. 4. **Institutional Investor Activity**: Domestic institutional investors, such as insurance companies, have played a significant role in the rally up until mid-2025 [19]. 5. **ETF Flows**: Onshore ETFs have seen relatively flat overall flows year-to-date, with modest outflows since July. Offshore ETFs have resumed inflows, particularly those tracking broader indices like MSCI China [13]. 6. **Short Interest Trends**: Despite the rally, short interest in Chinese equities has increased modestly, suggesting that short covering has not significantly contributed to the recent price increases [21]. 7. **Leverage Trends**: NYSE margin account leverage continues to drift higher but remains below previous peaks seen in mid-2018 and end-2021 [36]. 8. **Bitcoin Volatility**: Bitcoin's price appears low compared to gold, with its volatility dropping to historically low levels of **30%** from nearly **60%** at the beginning of the year. This decline in volatility is attributed to increased purchases by corporate treasuries [67]. 9. **Corporate Treasury Activity**: Corporate treasuries are increasingly acquiring Bitcoin, with significant purchases reported, such as a **$679 million** acquisition by Kindly MD, which is positioning Bitcoin as a primary treasury reserve asset [70]. 10. **Valuation Implications**: The current volatility ratio of Bitcoin to gold is around **2.0**, indicating that Bitcoin consumes twice as much risk capital as gold. This suggests that Bitcoin's market cap would need to rise by **13%** to match gold on a volatility-adjusted basis [77]. Additional Important Insights - The report highlights the importance of monitoring flows and liquidity conditions as they can significantly impact market dynamics. - The analysis of ETF flows provides insights into investor sentiment and market trends, particularly in the context of Chinese equities and global markets. - The ongoing trends in leverage and corporate treasury activities indicate a shift in how institutional and corporate investors are approaching risk and asset allocation. This summary encapsulates the key points discussed in the conference call, focusing on the Chinese equity market, the dynamics of margin trading, and the implications of corporate treasury activities in the cryptocurrency space.

Stock Performance - Caliber stock increased by 150% [1] Corporate Treasury - Caliber announced a LINK corporate treasury [1] Market Sentiment - The market shows positive sentiment towards Caliber, referring to investors as "Link Marines" [1]

Corporate Bitcoin Adoption - Companies like @Strategy, @Tesla, and @Coinbase have allocated Bitcoin to their corporate treasuries [1] Publicly Traded Companies - The report highlights the largest publicly traded companies holding $BTC [1]

💡 Key Takeaways:🔹 Watch corporate treasury trend expanding into Solana🔹 Monitor Hong Kong retail trading impact on liquidity🔹 Track @KaminoFinance Season 4: $5.1M KMNO incentives liveStay informed, stay ahead: https://t.co/kNvqfvpY0E6/6 ...

$558m corporate treasury just bought 5% of TON supply• 87m US users got native wallet access• 2.8m holders already• zero team/vc allocationsretail: "but how's the defi yields looking" ...

Bitcoin Adoption - MicroStrategy is considering building the largest corporate treasury stash ever, potentially including Bitcoin [1] - Metaplanet is raising $3.7 billion for a Bitcoin buying spree [1]

GameSquare just announced plans to increase its ETH Corporate Treasury from $100M to $250MIncluding a $10M allocation to NFTs 🤯 https://t.co/85vXxJjsFE ...

uk govt considers dumping 5b in btc while mstr sits on 71bsovereign wealth and corporate treasury playing different games• govt needs quick cash for deficits• corps building forever positions• 10b whale choosing eth over btcbalance sheet wars are getting spicy ...