Green Minerals plans $1.2B Bitcoin buy as it says it will raise $1.2 billion to buy Bitcoin ...
With this, it really seems like this is the trend now among companies, they won’t spend their current assets, but instead raise capital from investors just to buy Bitcoin. Isn’t that basically transferring the risk to the investors? Because for sure, there’s always a clause stating that the funds are purely intended for Bitcoin.
And of course, a stable company wouldn’t risk buying that much if they didn’t know how to manage the risk. But the question is. if the Bitcoin investment fails, will the business still operate as usual?, answer is yes because bitcoin investment is separate, hence it has a separate impact.