Author: Prathik Desai
Compiled and organized by BitpushNews
More than a year ago, becoming a digital asset treasury seemed like an easy decision for many companies seeking to boost their stock prices.
Some Microsoft shareholders rallied to demand that the board evaluate the benefits of including a portion of Bitcoin on its balance sheet. They even referenced Strategy (formerly MicroStrategy), the largest publicly listed Bitcoin DAT.
At the time, there was a financial flywheel attracting everyone to follow.
Purchase large quantities of BTC/ETH/SOL. Watch the stock price rise above the value of these assets. Issue more shares at a premium. Use the proceeds to buy more cryptocurrencies. Repeat the cycle. This financial flywheel supporting…