Are Crypto Treasury Companies Selling Air? Inside An $80Billion Bubble
MIAMI, FLORIDA – JUNE 04: MicroStrategy CEO Michael Saylor walks through the Bitcoin 2021 … More
The crypto treasury company trend has exploded since MicroStrategy first bought bitcoin in 2020. Companies like SharpLink Gaming (SBET), which announced a massive $425 million private placement to fund an ethereum treasury, and dozens of others have followed suit. Yet despite billions flowing into these vehicles, crypto prices haven’t moved much beyond what you’d…
