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Money-losing companies with colorful histories have pivoted to crypto
Yahoo Finance· 2025-10-22 11:14
The success of MicroStrategy, which has rebranded as Strategy, has spawned dozens of imitators. The first wave of crypto treasury companies focused on bitcoin while more recently companies have started buying large stakes in more niche and unproven forms of cryptocurrency.In 2020, the tech firm MicroStrategy became the first DAT when it started accumulating bitcoin, the world’s oldest and most popular cryptocurrency. Led by ultra bitcoin evangelist Michael Saylor, the company’s stock price has been one of t ...