BIOTECHS TURN TO DIGITAL COINS, CRYPTO TO BOOST STOCK PRICES
https://s.yimg.com/ny/api/res/1.2/cdwubETdLpB5XZTMWvM2.A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD03MjQ-/https://media.zenfs.com/en/bloomberg_holding_pen_162/9ad0e4ca601460f8ba9c498fada11d57
✍️ Some small biotech companies are pivoting to cryptocurrencies to boost their stock prices and attract investors, despite the risks and uncertainties.
👉 At least 10 biotechs have announced a pivot into digital assets in 2025 👉 The announcements frequently spark frenzied, but short-lived, spikes in shares 👉 Companies risk losing original investors who made investment decisions based on biotech ideas 👉 There are risks of declining crypto prices and diverted funds
-- #MikeTaylor #McAndrewRudisill #MichaelLebowitz #DavidWindley #MichaelSaylor #business
Loading quoted post…
