Not a very smart move. Larry Fink does not approve.
MS had tens of billions in cash to invest. Would it have killed them to allocate
just a tiny bit, maybe $10 million or so to bitcoin?
You are underestimating the size of MS. Even if they risked $1 billion and it turned to dust, it would make absolutely no impact at them at all.
So why would any sane person want to hold that shit? I swear the MS Board of Directors
and shareholders are dumb as dirt. Meanwhile their worthless bonds are losing value faster
than a melting ice cube.
This was a very stupid decision and it shows. However, perhaps there are deeper interests and all kinds of kickbacks involved here that we don't see. Help the government with bonds, we help you with something else kinda thing.