BlockBeats news, on June 2, reported by Bloomberg, it turns out that buying Bitcoin to boost stock prices may not be the panacea for companies as it once seemed. In recent weeks, some companies, including Trump Media & Technology Group Corp., have announced plans to invest cash—sometimes even borrowed funds—into Bitcoin, joining the strategy pioneered by Michael Saylor of Strategy (formerly MicroStrategy).
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Bloomberg: The stock performance of Strategy imitators is poor as the speculative frenzy gradually fades.
BlockBeats news, on June 2, reported by Bloomberg, it turns out that buying Bitcoin to boost stock prices may not be the panacea for companies as it once seemed. In recent weeks, some companies, including Trump Media & Technology Group Corp., have announced plans to invest cash—sometimes even borrowed funds—into Bitcoin, joining the strategy pioneered by Michael Saylor of Strategy (formerly MicroStrategy).