Over the years, corporations have embarked on a myriad of ways to stage a turnaround in their fortunes or grab the attention of the market to get a share price pop. While in the times around the pandemic, SPAC listings were quite common; the recent fad is of companies turning into Bitcoin (BTCUSD) or other cryptocurrency treasury companies to find relevance.
Now, no less than the Trump family has found a new avenue to pocket a cool $500 million from a circular deal that would provide a boost to its own cryptocurrency, World Liberty Financial (WLFI), as well.
