Small Food Company Buys 21 BTC to Join Bitcoin Treasury Trend – Stock Still Drops 12%
A small-cap food company has taken a bold step into the crypto space, purchasing 21 bitcoin as part of a new treasury strategy. The move echoes a growing trend among firms diversifying reserves with digital assets like BTC.
Despite this high-profile crypto buy, the company's shares slid more than 12% during Friday’s trading session. Investors appear skeptical, possibly viewing the pivot as a risky or unconventional use of funds, especially amid broader market uncertainty.
Still, the firm plans to continue accumulating bitcoin over time, aiming to align with the likes of MicroStrategy and other BTC-forward businesses. The purchase also highlights bitcoin’s growing appeal beyond tech firms and financial institutions.
Will this strategy pay off long term? Or is it a case of too much risk, too fast?
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