Public Shell Firms Ramping Up Altcoin Buys Draws Skepticism: FT
Main Idea
The content provided does not contain any article or substantive information to summarize.
Key Points
Description
A number of public companies may be about to build hoards of altcoins in an attempt to pump their share prices. Such companies are attempting to replicate the model mastered by Michael Saylor's Strategy (MSTR) which has now accumulated 2.9% of all the bitcoin (BTC) that will ever exist. Since it embarked on its BTC treasury strategy in 2020, MSTR share price has increased by over 3,000%. The bitcoin treasury strategy has been copied by a string of different companies and in recent months there h...
$AVAX
$24.11
+4.42%
$BTC
$117328.2
+1.75%
$LTC
$113.29
+1.96%
$TON
$3.3241
+7.48%
Latest News
- Analysts See XRP Hitting $4, Solana $250 as ETF Buzz Builds2025-07-26 05:28:28
- Bitcoin Rebounds After Galaxy Completes Sale of $9B BTC From Satoshi-Era Whale2025-07-25 22:27:03
- DOJ Considering Criminal Charges Against Dragonfly Capital Employees for Years-Old Tornado Cash Investments2025-07-25 22:26:54
- XRP, DOGE, SOL Lead Crypto Selloff, But Altcoin Season Still in Play if This Happens2025-07-25 20:20:44
- Revolut Makes Crypto Staking Available in Hungary After Restricting Services2025-07-25 18:30:34