Bitcoin-holding public companies may be sitting on a powerful market catalyst: untapped issuance capacity that could meaningfully raise bitcoin’s (BTC) price, according to new research from NYDIG.In a report published this week, Greg Cipolaro, the firm’s global head of research, points to the “dry powder” in the form of share issuance potential among bitcoin treasury companies. If these companies take advantage of their elevated equity valuations to raise new funds and buy more bitcoin, it could trigger a significant upward move in the market.Cipolaro uses a back-of-the-envelope model to estimate the impact: applying a 10x “money multiplier” — a historical rule of thumb describing how capital inflows have historically influenced bitcoin’s market cap — he projects a potential $42,000 per-coin price increase
source: https://www.coindesk.com/markets/2025/05/05/bitcoin-treasury-firms-dry-powder-could-push-prices-up-significantly-nydig