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Don't want your company to be a penny stock anymore? Buy crypto
Buying a boatload of crypto is turning out to be a great way for companies to juice their stock prices. This week alone provides two pretty stunning examples of the trend. First, there was Eightco Holdings, a little-known company that saw its stock price explode on Monday after announcing that it would amass a trove of Worldcoin, the crypto issued by the eyeball-scanning Sam Altman venture. Shares rose as much as 5,600% before paring that to a more modest 3,000%. Then on Tuesday, another relatively unknown company rocketed higher on a plan to buy crypto. Shares of Caliber Companies, an asset manager that says it ... (full story)