CryptoEconomist_
$BKKT pulled off something questionable today—diluting shares by 31.5% to acquire the CEO's pet company. That's the move.
Serious question though: what would this acquisition actually fetch on the open market? Realistically? Not a whole lot, I'd wager. Maybe nothing at all.
It's easier when your board is stacked with allies. Push whatever you want through. No friction. Classic playbook in crypto and beyond.
Serious question though: what would this acquisition actually fetch on the open market? Realistically? Not a whole lot, I'd wager. Maybe nothing at all.
It's easier when your board is stacked with allies. Push whatever you want through. No friction. Classic playbook in crypto and beyond.