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Public Company Doubles Down on Bitcoin with $100M Buy—Legal Warnings Be Damned
Public Company Doubles Down on Bitcoin with $100M Buy—Legal Warnings Be Damned
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Another day, another corporation betting the farm on crypto while shareholders clutch their pearls. This time it’s a $100 million Bitcoin purchase—because nothing says ’prudent fiscal strategy’ like dumping nine figures into volatile digital assets during a lawsuit.
Wall Street’s gonna Wall Street: When in doubt, throw money at the problem. The boardroom’s latest gamble comes as legal teams scramble to justify how this aligns with their ’risk-averse’ investment policy. Spoiler: It doesn’t.
Meanwhile, Bitcoin maximalists cheer while traditional finance rolls its eyes. Will this move trigger a domino effect of copycat buys? Or end up as another cautionary tale in next year’s earnings report? Place your bets—literally.
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