Bloomberg: Strategy Copycats Underperform as Speculative Frenzy Fades

BlockBeats News, on June 2, according to Bloomberg, it has been proven that buying Bitcoin to boost stock prices may not be the panacea for companies as it once seemed.

In recent weeks, several companies, including Trump Media & Technology Group Corp., have announced plans to invest cash—sometimes even borrowed funds—into Bitcoin, joining the ranks of this strategy pioneered by Michael Saylor of Strategy (formerly MicroStrategy).