Author: Prathik Desai
Compiled and edited by: BitpushNews
A little over a year ago, becoming a digital asset vault seemed like an easy decision for many companies looking to boost their stock prices.
Some Microsoft shareholders rallied, demanding that the board assess the benefits of including a portion of Bitcoin on its balance sheet. They even mentioned Strategy (formerly MicroStrategy), the largest publicly traded Bitcoin (DAT).
There was a financial flywheel at the time that attracted everyone to follow it.
Buy large amounts of BTC/ETH/SOL. Watch the stock price exceed the value of these assets. Issue more shares at a premium. Use that money to buy more cryptocurrency. The cycle repeats. This financial flywheel supporting publicly…