Microcap Defies Nasdaq With $300M Crypto Splurge—Bitcoin and Trump Coin Grab Raises Eyebrows
Nasdaq compliance warnings? Not today. A microcap firm just doubled down on crypto—announcing a $300M buying spree split between Bitcoin and the politically-charged ’Trump Coin.’
Wall Street’s compliance officers are clutching their pearls as the company shrugs off regulatory scrutiny. ’Diversification’ or desperation? The move reeks of either diamond-handed conviction or a last-ditch Hail Mary.
Meanwhile, traders eye the playbook: when small caps zig into crypto, hedge funds start shorting. Bonus jab: Nothing solves a balance sheet problem like gambling with shareholders’ money—on meme-tier assets.