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50 sats \ 0 replies \ @02a9a61fdc 21 Mar \ on: Publicly Traded Biotech Firm, Atai, Is Starting a Bitcoin Treasury Stacker_Stocks
There is a blog post by the founder of atai Life Sciences: https://christianangermayer.substack.com/p/why-bitcoin-can-be-a-valid-part-of
It´s worth reading! He makes the point that especially for drug developing companies Bitcoin is a great tool. Development of a new drug usually takes around 10 years. During this time the company doesn´t earn anything but sits on tons of cash from investors that is being devalued by inflation. I especially like this take:
"...if there’s one constant in life, it’s that there will always be some degree of political mismanagement."