alt Hacker NewsI did! If they invested it in themselves it would have been a 50-75% loss, same with doing a buyback (return the cash to stockholders) at a high stock price.
Dunno what better proxy I could use for how it would have went other than their actual stock price. Unless we are to think their next best idea that they didn’t invest in would have done better than all the other things they did invest in. But that’s very speculative.
Instead they got a blended 300% gain on btc.
Should have sold the entire company for cash and bought bitcoin at the timelines they did.
Maybe if they'd invested in themselves they would have been able to expand (eg. they could have hired more sales people or spent more on advertising).
If they truly were unable to find a reliable investment then they should have given the money back to shareholders instead of speculating on a non-productive non-asset with awful negative externalities.