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42 sats \ 4 replies \ @Satosora 8 Mar \ on: Activist investor pushes struggling companies to save themselves with bitcoin Stacker_Stocks
Are a bunch of zombie/useless companies going to buy bitcoin and just use that to survive? Turn into a company like Microstrategy and become an exchange?
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31 sats \ 3 replies \ @k00b OP 8 Mar
Survival is the bare minimum every company must do.
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0 sats \ 2 replies \ @Satosora 8 Mar
Isnt a company supposed to put out a product people actually want to buy? If you hold bitcoin, will the company want to spend it if it is doing so well as an investment? I feel they would probably suffer long term if they are just investing in bitcoin instead of their own company.
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10 sats \ 1 reply \ @k00b OP 8 Mar
Hard to do that if your company doesn't exist because you stored the fruits of your last innovation in fiat.
You can't deploy lots of capital well and fast. At least, it's harder than it looks.
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15 sats \ 0 replies \ @Satosora 8 Mar
That is true. I guess the ceo and boards need to find a healthy balance.
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