Cathie Wood-backed crypto stock drops over 90%

The Michael Saylor "treasury model" is a dangerous trap for companies trying to replicate it with Solana. Solmate pivoted to a crypto treasury with Cathie Wood’s backing, only to see its stock crater 93% while the board faces self-dealing lawsuits. Despite this total collapse and investors being unable to sell, shareholders still re-elected the entire board. Is the crypto treasury strategy a legitimate business model or just a desperate mask for corporate failure? What’s your take?
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