On July 18, Animoca Brands Research released its latest report called "Altcoin Strategic Reserves", stating that companies gain exposure to cryptocurrencies through financial instruments such as convertible bonds and equity issuance, usually aiming to gradually increase their holdings per share of cryptocurrency. The strategy was initially promoted by companies such as MicroStrategy, which holds more than 600,000 bitcoins, which use BTC as a hedge against inflation and currency devaluation. Nowadays, altcoins have also entered the corporate vision. Companies that add assets such as BNB, TRX, HYPE and FET to their balance sheets are providing scarce investment entrances for investors who want to invest in these tokens but lack convenient channels such as spot ETFs. The stock market reacted strongly to such news. According to Animoca, the stock price of companies that announced holding altcoins rose by an average of 150% in a single day, 185% in a week, and 226% in a month. However, these strategies are risky: Altcoins are generally more volatile, less liquid, and more technologically experimental than Bitcoin, and may amplify losses when the market goes down. The report believes that if these tokens are used for pledges or other web-based functions, they may improve the liquidity, security and legitimacy of the entire ecosystem, making altcoin reserves a potential catalyst for wider adoption of cryptocurrencies.