# Equity İlgili Makaleler

HTX Haber Merkezi, kripto endüstrisindeki piyasa trendleri, proje güncellemeleri, teknoloji gelişmeleri ve düzenleyici politikaları kapsayan "Equity" hakkında en son makaleleri ve derinlemesine analizleri sunmaktadır.

Wall Street's Top Quantitative Firm Jump Trading Enters the Prediction Market, Is the Era of Retail Investors Over?

Wall Street quantitative trading giant Jump Trading is entering the prediction market sector through strategic partnerships with leading platforms Kalshi and Polymarket. In exchange for providing liquidity, Jump will receive equity stakes in both companies—a fixed share in Kalshi and a performance-based stake in Polymarket tied to its U.S. trading volume. Prediction markets have faced persistent liquidity challenges, with platforms often experiencing shallow order books and wide bid-ask spreads outside of major events. While Kalshi previously engaged SIG as a market maker and Polymarket relied on decentralized incentives and algorithmic traders, both platforms have struggled to maintain stable, deep liquidity consistently. The equity-for-liquidity model aligns incentives: platforms gain access to Jump’s sophisticated, low-latency market-making capabilities, while Jump positions itself to benefit from the sector’s growth—Kalshi and Polymarket are valued at approximately $11B and $9B, respectively. Market making in prediction markets offers potential profits from spreads, incentives, and arbitrage, but it also carries significant risks, including event-driven volatility, limited hedging options, and regulatory uncertainty. While Jump’s advanced infrastructure and cross-asset experience may allow it to capture alpha and leverage equity upside, smaller players face high barriers to entry. The move signals a maturation of the prediction market space, with institutional participation likely to improve liquidity but also centralize influence among top-tier firms.

marsbit02/10 14:39

Wall Street's Top Quantitative Firm Jump Trading Enters the Prediction Market, Is the Era of Retail Investors Over?

marsbit02/10 14:39

From Holding to Controlling: When Bitcoin Starts 'Buying Listed Companies'

From Holding to Controlling: When Bitcoin Starts "Buying Listed Companies" In a landmark event, Bitcoin has entered the capital structure of a publicly traded company as a form of capital contribution for the first time. On February 4, Nasdaq-listed insurance brokerage Tianruixiang Holdings announced that an undisclosed investor would contribute 15,000 Bitcoin in exchange for equity in the company. Valued at approximately $1.125 billion (based on Bitcoin's price of $75,000 at the time), this transaction marks a historic shift. This is not about buying a Bitcoin ETF, holding BTC, or issuing debt to purchase Bitcoin. It represents a direct exchange of Bitcoin for equity in a listed company. Over the past two years, a profound change has been underway: Bitcoin is systematically entering the balance sheets of public companies. Companies like MicroStrategy (now Strategy) have fundamentally altered traditional corporate logic. They no longer operate solely based on their core business but function as financial vehicles, continuously issuing stock and convertible bonds to raise capital for purchasing Bitcoin. This has given rise to a new type of entity: the **Bitcoin Treasury Company**. Other examples include Japan's Metaplanet, and U.S.-based firms like Twenty One Capital and Bitcoin Standard Treasury. A significant阵营 (camp) of publicly traded companies now holds substantial Bitcoin, including: * Strategy (formerly MicroStrategy): over 710,000 BTC * Major miners like MARA, Riot, and Hut 8 * Exchanges like Coinbase and Bullish * Bitcoin treasury companies * Tech and payment firms like Tesla and Block Their commonality is that they have integrated Bitcoin as a fundamental part of their capital structure. The Tianruixiang deal represents an evolution of this trend. Upon completion, the company would hold more Bitcoin than Coinbase, making it a top-tier Bitcoin treasury. Crucially, this isn't a case of "using fiat to buy Bitcoin," but rather resembles using Bitcoin to effectively "acquire a Nasdaq-listed shell company." This structure transforms the transaction from a simple investment into a form of **reverse merger by crypto assets into traditional capital markets**. Bitcoin is no longer merely held; it is being used to **restructure ownership itself**. A clear path is emerging: from MicroStrategy's massive holdings to miners, exchanges, and treasury companies, and now to direct equity-for-Bitcoin swaps, **Bitcoin is reconstructing the "public company network."** When this system becomes large enough, Bitcoin will evolve beyond a "crypto asset" into a financial infrastructure embedded within the global capital system. *Content is for informational purposes only and not investment advice. Markets are risky; investments should be made cautiously.*

marsbit02/06 10:57

From Holding to Controlling: When Bitcoin Starts 'Buying Listed Companies'

marsbit02/06 10:57

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