Crypto Treasuries Gamble on Fringe Tokens, Stoking Volatility Fears
As companies focused on buying bitcoin and major cryptocurrencies face challenges from market oversaturation and negative sentiment, new players are exploring less popular, riskier tokens, raising concerns about volatility. Following U. S. President Donald Trump’s supportive stance on cryptocurrencies and the success of Michael Saylor’s investment strategy, the number of public companies investing in cryptocurrencies has surged. By September, there were over 200 digital asset treasury (DAT) companies, primarily invested in bitcoin, with a total value of around $150 billion, tripling from the previous year according to DLA Piper.
Many new companies, often penny stocks looking for profit increases, are emerging daily. As bitcoin…
