Several companies, including CaliberCos and Eightco Holdings, experienced extraordinary stock price increases following announcements of digital asset purchases, exemplifying a trend of market frenzy and extreme investor greed in the digital asset space, despite the assets' limited tangible value.
Eightco Holdings' stock surged 5,600% after Dan Ives, a well-known analyst, joined as chairman and announced a focus on acquiring Worldcoin, a crypto created by Sam Altman, with an initial investment of $250 million, highlighting the growing trend of corporate crypto treasury strategies in 2025.
Former BitMEX CEO Arthur Hayes predicts a 30% correction for Bitcoin, expecting it to drop to $33,600 and form support between $30,000 and $35,000. He plans to invest in Solana and WIF once Bitcoin hits this bottom, and believes that the cessation of the Bank Term Funding Program (BTFP) could cause a mini-financial crisis, leading to a rate cut, tapering of Quantitative tightening, and a resumption of money printing via quantitative easing (QE). Hayes dismisses the argument that Grayscale’s GBTC outflows were responsible for Bitcoin’s recent decline, citing the inflows into newly listed Spot Bitcoin ETFs.