The Wall Street Journal

Businesses Are Bingeing on Crypto, Dialing Up the Market’s Risks

About 60 companies with no prior ties to the crypto market have embraced the so-called bitcoin treasury strategy popularized by Michael Saylor

Michael Saylor has turned his software company Strategy into a warehouse for bitcoin.
Michael Saylor has turned his software company Strategy into a warehouse for bitcoin. Photo: Roger Kisby for WSJ

Buying bitcoin is becoming a fad for a growing list of companies that have nothing to do with crypto but believe digital assets can boost their stocks. 

The problem, some industry insiders say: This could expose crypto to new risks, amplifying selloffs in moments of turbulence.

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