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The fact that some publicly traded companies have started investing in altcoins to increase their stock values has raised concerns in financial circles.
In the cryptocurrency market, the profits that companies obtained by buying Bitcoin (BTC) and Ethereum (ETH) have recently started to be applied to smaller altcoins as well. Especially, the more than 3,000% increase in stock prices following MicroStrategy's BTC investment has attracted the interest of other companies. However, experts warn that this situation may not be applicable to altcoins.
According to a report by the Financial Times, Avalanche is trying to attract investor interest by selling AVAX through a publicly traded company on the (AVAX) platform. Canada-based RSV Capital aims to raise $200 million for the TON altcoin.