Second, it's too unstable for them. That has turned most of the big money going into crypto into technology-focused venture funds and some family offices.
Off course you know the invested is either from family, friends or debentures. These monies would be paid back and before the repayment, some profits are also expected to have made. Hence, these big companies would rather invest the money in a physical space that they can visit daily to monitor, take accounts rather something they see as not stable in value. I'm not surprised too but I know that the future will be attractive to them when they see that the investors are not suffering from any collateral damage.