Babe wake up!
New random company no ones ever heard of has woken up and decided to stack 500 Bitcoin on their balance sheet. Ming Shing the Hong Kong-based construction company with a $104 Million market cap spends US$47 million on Bitcoin
Stonk is up 38%
This is only the beginning of these random companies. Smart too it attracts bitcoin investors who want to outperform the underlying asset.
I think so too, if you're the first company in your country or industry that gives investors Bitcoin exposure you're automatically more attractive now, and if that gives you a pump in stock and allow you to raise cheap debt you can stack sats and grow your business
I am sure this game will also see a host of passive index funds pushing flows into companies like this in the near future
