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Crypto treasury companies pivot to fringe tokens, stoking volatility fears
As companies focused on stockpiling bitcoin and other major cryptocurrencies come under pressure amid market saturation and souring sentiment, new entrants are pushing into less popular tokens, stoking worries over increased volatility. Buoyed by U.S. President Donald Trump‘s crypto-friendly stance and inspired by the meteoric success of Michael Saylor’s Strategy, the number of publicly-traded companies investing in cryptocurrencies in the hopes they will appreciate has boomed. As of September, there were at least 200 digital asset treasury, or DAT, companies - mostly focused on bitcoin - with a combined ... (full story)
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