The MicroStrategy Effect It all started with MicroStrategy. Now, it seems like every week another publicly traded company announces plans to hoard Bitcoin or other cryptocurrencies. But here’s the catch: Investors are willing to assign these companies hefty valuation premiums simply because they’re buying Bitcoin. What happens if their stocks don’t rise as a result? Metaplanet’s Premium Puzzle Consider Japan’s Metaplanet, which has replicated Michael Saylor’s Bitcoin frenzy at MicroStrategy. ...

The MicroStrategy Effect It all started with MicroStrategy. Now, it seems like every week another publicly traded company announces plans to hoard Bitcoin or other cryptocurrencies. But here’s the catch: Investors are willing to assign these companies hefty valuation premiums simply because they’re buying Bitcoin. What happens if their stocks don’t rise as a result? Metaplanet’s Premium Puzzle Consider Japan’s Metaplanet, which has replicated Michael Saylor’s Bitcoin frenzy at MicroStrategy. ...

A once-obscure, nearly delisted small-cap U.S. stock, SharpLink Gaming, has suddenly become a focal point in the crypto market after securing a $425 million private investment from heavyweight Ethereum backers—including ConsenSys—and announcing plans to adopt ETH as its primary treasury reserve asset.A $425M Bet on ETH: From Penny Stock to Crypto DarlingOn May 27, SharpLink revealed it had raised $425 million via a private investment in public equity (PIPE) deal. The company will issue 69.1 m...

A once-obscure, nearly delisted small-cap U.S. stock, SharpLink Gaming, has suddenly become a focal point in the crypto market after securing a $425 million private investment from heavyweight Ethereum backers—including ConsenSys—and announcing plans to adopt ETH as its primary treasury reserve asset.A $425M Bet on ETH: From Penny Stock to Crypto DarlingOn May 27, SharpLink revealed it had raised $425 million via a private investment in public equity (PIPE) deal. The company will issue 69.1 m...