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Crypto Treasury Firms Pivot to AI in Bid to Win Back Investors

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Crypto Treasury Firms Pivot to AI in Bid to Win Back Investors The implosion of the once-hot market for cryptocurrency treasury stocks is prompting a number of firms to pivot to artificial intelligence in an attempt to win back investors. So far, it isn’t working.

Crypto Treasury Firms Pivot to AI in Bid to Win Back Investors The implosion of the once-hot market for cryptocurrency treasury stocks is prompting a number of firms to pivot to artificial intelligence in an attempt to win back investors. So far, it isn’t working. K Wave Media Ltd., a former Bitcoin accumulator that shifted to data center development, has seen its shares fall 71% since rebooting in May. Lixte Biotechnology Holdings Inc.’s shares have fallen 33% since agreeing to merge with a battery firm in June. And AlphaTON Capital Corp., which held alternative cryptocurrencies, has dropped 33% since it rebranded as Alpha Compute Corp. in April.
Win Back Investors Crypto Treasury Firms Pivot to AI (ORG) Win Back Investors (ORG) K Wave Media Ltd. (ORG) Bitcoin (ORG) Lixte Biotechnology Holdings Inc.’s (ORG) AlphaTON Capital Corp. (ORG) Alpha Compute Corp. (ORG)
Originally published by Bloomberg Markets Read original →