Public companies are loading up on cryptocurrencies such as US President Donald Trump’s memecoin, HYPE token and litecoin, as they branch out into hoarding digital currencies beyond bitcoin in an attempt to drive up their own share prices.
Issuing shares or bonds in order to buy bitcoin has become a hot trend globally this year as companies seek to emulate billionaire Michael Saylor’s $116bn company Strategy in stockpiling the digital currency.
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