According to the *Financial Times*, crypto treasury companies are turning to a new type of high-risk equity tool to quickly raise cash. Many of these companies are emulating the Strategy model, using cryptocurrencies like Bitcoin as core reserves. In the past, they relied on equity premium issuance and convertible debt financing. However, with the current market cooling off and Bitcoin underperforming, they’ve started adopting riskier financing methods like PIPE (Private Investment in Public Equity), discounted equity issuance, and structured equity products to inject liquidity and continue accumulating crypto assets. Industry insiders point out that while this move may ease short-term financial pressure, it also raises concerns about shareholder dilution, stock price volatility, and systemic risks. https://www.(wublock123.com)/news/news-61929