Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
National
Alan Suderman

Money-losing companies with colorful histories have pivoted to crypto

Crypto Treasury Companies - (Copyright 2025 The Associated Press. All rights reserved.)

A marketer of shark-repellant sunscreen. A maker of chocolate-flavored whiskey. A seller of a drink that promises to quickly lower blood-alcohol levels.

Until recently, these businesses had significant losses and floundering stock prices in common. Now, they’re members of a legion of publicly traded companies helping to power one of the biggest trends in markets and the crypto industry.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.