Every company that does this spikes, without fail.
It would seem to me this would be a great tactic if your business was failing and/or mgmt needed to hit some grow targets for bonuses to juice this avenue.
Probably gonna get messy.
Discussion
Oh for sure, this BTC reserve strategy seems to be the new we're adding AI to our company stock premium, but a lot more tangible, won't fix broken business models ofcourse, some will just be pump and dumps for sure
But honestly looking at this trend, I think you could really make bank looking for companies that generate free cash flows and have a sizable cash position relative to their market cap, throwing a $100 in a bunch of mid cap and low cap companies with a sideways stock for the past 3-5 years that fit that description waiting for them to do a BTC announcement, could be the trade of 2025
Interesting idea! The Bitcoin equivalent of gambling on memecoins.
Could probably enhance your positions by looking at companies whose C-level follows Saylor and other Bitcoiners on Xitter as that would likely be predictive of who might make the play.