⚯ Michel de Cryptadamus ⚯<p>Wall Street Journal piece on the "borrow money to buy bitcoin" industry</p><p>> "Companies are raising tens of billions of dollars, not to invest in their businesses or hire employees, but to purchase bitcoin and more obscure cryptocurrencies. A Japanese hotel operator, a French semiconductor manufacturer, a Florida toy maker, a nail-salon chain, an electric-bike maker—they’re all plowing cash into tokens, helping to send all kinds of digital currencies to record levels. News that a new company plans to buy crypto is enough to send its shares flying—spurring others to consider joining the frenzy."</p><p>* WSJ: <a href="https://www.wsj.com/finance/currencies/crypto-treasury-e7ae573c" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://www.</span><span class="ellipsis">wsj.com/finance/currencies/cry</span><span class="invisible">pto-treasury-e7ae573c</span></a><br>* no paywall: <a href="https://archive.ph/ML7Xg" rel="nofollow noopener" translate="no" target="_blank"><span class="invisible">https://</span><span class="">archive.ph/ML7Xg</span><span class="invisible"></span></a></p><p><a href="https://universeodon.com/tags/uspol" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>uspol</span></a> <a href="https://universeodon.com/tags/crypto" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>crypto</span></a> <a href="https://universeodon.com/tags/bitcoin" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>bitcoin</span></a> <a href="https://universeodon.com/tags/MSTR" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>MSTR</span></a> <a href="https://universeodon.com/tags/microstrategy" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>microstrategy</span></a></p>