We can see that companies can be as retarded as individuals to believe that it is a good idea to invest into a shitcoin such as ETH and to act as if such shitcoin has any reason to be valuable or even a good idea to hold any of it..
I was of a belief that companies risk tolerance are lower than individuals.
I don't know who's even worse the company that gambled with ETH or the investors that was convinced into it.
See lots of companies are now joining to have ETH reserve and hopefully they won't regret their decision.
They would regret, so hopefully wouldn't change anything.
Placing hands in fire and hoping you won't be burnt wouldn't change anything.
Is it that they didn't do their homework on the crypto market or they just wanted to get in hand with some cheap priced coins that they could burst in profits in the shortest term
The biggest reason is uncontrolled greed. The aim is to make higher qnd quicker profit and be the first mover like MSTR.
This is gambling and not investment.