Analyst: Small businesses that blindly adopt Bitcoin strategies may become "zombie companies"

2025-02-12 07:52

Odaily News Mark Palmer, senior equity research analyst at New York investment bank The Benchmark Company, said that small companies' blind adoption of Bitcoin strategies could turn them into "zombie companies" that use their core businesses to drive their Bitcoin holdings.
He explained: “Companies whose stock prices are struggling…are often because their business models aren’t particularly compelling in the eyes of many investors, so they choose to follow MicroStrategy’s lead.” (Fortune)

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Analyst: Small businesses that blindly adopt Bitcoin strategies may become &quot;zombie companies&quot;

Avenir Group&#39;s Bitcoin ETF holdings rose to $1.189 billion, maintaining its position as Asia&#39;s largest institutional holder for the fifth consecutive quarter.