🚀 Listed companies speculate in cryptocurrencies, is it a wealth code or a new way to cut leeks?
Recently, US listed companies have collectively tried new tricks - putting Bitcoin, Ethereum and even various altcoins into company accounts. 30 companies followed suit and entered the market, with the stock price soaring by 400%+! But is this carnival reliable?
1⃣ The gambler mentality of small companies: the main business is not good, so speculate in cryptocurrencies. Some companies have come back to life by buying ETH, but what if there is a big drop?
2⃣ Naked cutting of leeks: Some companies have reserve targets higher than their own market value, and it is obvious that they are raising the stock price to let retail investors take over.
3⃣ True belief or riding on the popularity? MicroStrategy has withstood the bear market, but the companies that follow the trend are afraid that they will run away if they fall by 20%.
💡 Leek reminder:
Retail investors should not get too excited! First check if the company's wallet address dares to be public
See if the project owner is just busy pumping the market or building an ecosystem
Don't let cryptocurrency speculation become a new disguise for financial fraud
In a word: Only when the tide recedes can you tell who is swimming naked