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Why Tesla Cybertruck sales are falling short of expectations

A record number of public companies are shoveling crypto onto their balance sheets—ostensibly to diversify their holdings, hedge against inflation and attract new investors. The unstated reason, of course, is management’s desire to boost their stock price. In recent months, just announcing a so-called “crypto treasury” strategy has been enough to add premiums to trading prices.

The real bonanza however, is flowing to the picks-and-shovels merchants of this latest gold rush: custodians, brokers, asset managers and investment banks collecting fees on every trade, transfer and storage deal.

So, who’s getting rich off the $100 billion crypto treasury boom?
Find out: https://trib.al/TKuOw1q

(Illustration: Samantha Lee for Forbes; Images: DNY59, Malerapaso via Getty Images)

Buffett may be cashing in stocks ahead of a storm, and could buy them back after it hits, top strategist says Warren Buffett has cashed in a net $177 billion of stocks because he expects a downturn and plans to capitalize, Wedbush's Paul Dietrich said.