🚀 Gate.io #Launchpad# Initial Offering: #PFVS#
🏆 Commit #USDT# to Share 10,000,000 #PFVS# . The More You Commit, the More $PFVS You Receive!
📅 Duration: 03:00 AM, May 13th - 12:00 PM, May 16th (UTC)
💎 Commit USDT Now: https://www.gate.io/launchpad/2300
Learn More: https://www.gate.io/announcements/article/44878
#GateioLaunchpad#
CEX has considered emulating MicroStrategy by accumulating Bitcoin multiple times, but ultimately gave up due to potential risks.
On May 10, CEX Global Inc., the largest crypto assets trading platform in the United States, considered emulating Michael Saylor's strategy of heavily buying Bitcoin, but ultimately deemed the plan too risky and abandoned it. Company co-founder and CEO Brian Armstrong revealed in a video talk on the X social platform last Friday: "Over the past 12 years, we have indeed considered multiple times whether to allocate 80% of our balance sheet to crypto assets—especially Bitcoin." Brian Armstrong stated that CEX ultimately rejected this risky plan, as doing so could deplete cash reserves for a startup and even lead to the company headquartered in San Francisco experiencing a 'death spiral.' However, according to the latest shareholder letter released on Thursday, CEX still purchased $153 million in crypto assets (primarily Bitcoin) for its portfolio in the first quarter. As of the reporting period, the company holds $1.3 billion worth of crypto assets (most of which are Bitcoin) as investments.