For 39 public firms holding Bitcoin, Bitcoin returns are the dominant driver of their stock returns, with only brief episodes where the stocks influence Bitcoin, as measured by transfer entropy.
Bitcoin price falls below $6,000 as sell-off continues.BBC News, February 2018
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Cryptocurrencies in the Balance Sheet: Insights from (Micro)Strategy -- Bitcoin Interactions
For 39 public firms holding Bitcoin, Bitcoin returns are the dominant driver of their stock returns, with only brief episodes where the stocks influence Bitcoin, as measured by transfer entropy.