MicroStrategy copycats out of control as Canadian vape company joins fray

If the latest microstrategy -style imitator indicator, the bull summit of the crypto market may be entering the speculative madness.

On Monday, a little-known Canadian Vape company saw the increase in stocks in his plans to enter the crypto treasure game-but this time Binance Coin (BNB)The fourth largest crypto currency according to the market value except Dollar-Pegged Stablecoin Tether (USDT)According to Coingecko.

Shares CEA IndustriesAt a point traded under the Ticket Stock, he threw more than 800% rockets After explaining the company plans. With the investment company 10x Capital and Yzi Labs, the CEA said it would offer a private settlement of $ 500 million to increase the purchase revenues of Binance mine for its corporate treasury. The stocks gave an increase of approximately 550%to the company a market value of approximately $ 48 million.

This year, considering the more crypto -friendly regulatory environment, it adopted more public companies. Microstrategy To buy Bitcoin in new records to try to increase shareholding returns, the game book to use debt finance and self -serving sales.

Now, S&P 500 In the new records, trade, the revival of the breast Mania and the crypto industry, a pro -crypto White House, investors are looking at the crypto risk spectrum, hoping greater gains.

In recent months, investors are from Bitcoin and etherThis led to an explosion of a company looking for a similar treasury strategy around the ether. Sharplink gameJoe Lubin, the founding partner of Ethereum, chaired by the Board, was one of the first of the movement. Like other companies Defi Development CorpIt was renamed from Janover, they make similar movements Solana.