Re: MicroStrategy Buys $250M in Bitcoin, Calling the Crypto ‘Superior to Cash’
I don't exactly know what an Ethereum Strategic reserve is, but today Sharplink NASDAQ: SBET announced some clarification over their ETH trasury plans.
Stock down 70%.
I guess this is a warning for every corporation willing to pump their share price by announcing silly Bitcoin Strategy Plans, without a clear rationale, implementation, and procedures, like Staregy has been building over the years.
Stock down 70%.
I guess this is a warning for every corporation willing to pump their share price by announcing silly Bitcoin Strategy Plans, without a clear rationale, implementation, and procedures, like Staregy has been building over the years.
but other companies are still trying and will try to pump their share price by announcing their treasury strategy plans using altcoins like ETH, SOL, XRP and others. recent examples are Sol Strategies with plans to buy SOL with $500 million and Trident Digital with plans to buy XRP with $500 million.
but look at their shares performace during last days:
as we see this announcing doesn't help much their shares and companies will be too dependent on price of selected altcoins. as we know alts are very volatile so and the price of the shares of such companies will be volatile too.