So, the biggest Bitcoin basher, Peter Schiff, has decided to spice up his Twitter feed with some choice words about the corporate crypto craze. He’s basically saying these companies are like a bunch of clowns 🤡 trying to fool other clowns into thinking they have a solid business plan. Classic Peter, always the party pooper at the crypto ball.
And boy, is the timing perfect! This week has been a wild ride for corporate crypto buys. 🎢
Over 100 public companies are now holding Bitcoin, collectively sitting on a whopping 852,467 coins. BlackRock and Saylor’s Strategy alone have nearly 1.3 million Bitcoin — that’s 6% of the total supply, folks! 🤯
The logic behind Bitcoin or Ethereum treasury companies is to take advantage of foolish investors who are willing to pay larger premiums to buy stock in companies with no real business model. The problem is the fools looking to take advantage of other fools are fools themselves.
— Peter Schiff (@PeterSchiff) July 10, 2025
But it’s not just the U.S. where the crypto fever is hitting hard. Japan’s Remixpoint raised $215 million for Bitcoin acquisitions, Germany’s Nakiki SE became the first German public company to adopt the Bitcoin standard, and China’s Nano Labs made a $50 million BNB purchase while considering buying up to 10% of BNB’s entire circulating supply. Sweden’s companies are also in on the fun — H100 Group bought 46.9 BTC, while Hilbert Group raised 200 million SEK for Bitcoin purchases. 🇸🇪💰
The activity keeps rolling with DeFi Development Corp adding 690,420 SOL and SharpLink Gaming purchasing 7,689 ETH just in recent days. KULR Technology is raising another $20 million for Bitcoin, and France’s Blockchain Group added 116 BTC to their holdings. 🇫🇷🔥
The latest examples are GameSquare, which picked up 1,818 ETH and announced plans to invest another $100 million in Ethereum, and BIT Mining, which is working on raising $300 million specifically for Solana purchases. 🚀
Schiff’s criticism might have a point, but corporate America seems determined to keep dipping their toes in the crypto pool, regardless of his warnings. 🏊♂️🤔
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2025-07-10 19:41