Crypto firms raise billions for treasuries, but aren’t really buying crypto: report

A growing number of publicly traded companies, including SharpLink Gaming and Upexi, have raised hundreds of millions to establish crypto treasuries. However, insider contributions are common, with these firms not directly purchasing from the market.

Analyst Ran Neuner emphasizes that this approach could echo previous investment bubbles, risking losses for retail investors. Experts are skeptical about the longevity of this Bitcoin treasury trend, highlighting potential dilution risks for shareholders.