The number of companies that buy bitcoin to hold on their balance sheet has grown in recent weeks, helping the leading cryptocurrency hit its recent all-time high. But that newfound corporate support could soon become a downside risk to bitcoin's price, according to Standard Chartered. While Strategy , formerly MicroStrategy, is the poster child for the bitcoin acquisition strategy by corporate treasuries, "imitators" have been gaining ground, Standard Chartered said in a report out Tuesday. Holdings by bitcoin treasuries have doubled over the past two months to just below 100,000 bitcoins, but their average purchase prices are far higher than Strategy's in most cases, the note said. Reversal risk "Bitcoin treasuries are adding to bitcoin buying pressure for now, but we see a risk that thi

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