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Blockchain

From 2600% Gain to 86% Wipeout, Crypto’s Hottest Trade Collapsed

What started as a lucrative investment strategy for public companies, where they bought Bitcoin and other digital tokens to boost their share prices, has drastically reversed course. After seeing gains as high as 2600%, these companies now face an average decline of 86% in their stock values, marking a significant collapse in this once-prominent trend.

From 2600% Gain to 86% Wipeout, Crypto’s Hottest Trade Collapsed

Credit: Livemint

Key Highlights

  • Public companies initially saw gains of up to 2600% by investing in Bitcoin.
  • The strategy involved using corporate cash to buy digital tokens to inflate share prices.
  • Currently, these companies are experiencing an average stock value decline of 86%.
  • Michael Saylor's strategy became a popular model for over a hundred firms.
  • This trend has resulted in significant financial losses in the public markets.
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Sources

  1. From 2600% Gain to 86% Wipeout, Crypto’s Hottest Trade Collapsed
  2. From 2600% Gain to 86% Wipeout, Crypto’s Hottest Trade Collapsed

This quick summary is automatically generated using AI based on reports from multiple news sources. The content has not been reviewed or verified by humans. For complete details, accuracy, and context, please refer to the original published articles.

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