Nasdaq Company Drops 50% After BONK Treasury Bet — Risky Crypto Move

I believe the Nasdaq-listed company’s stock decline — roughly a 50% drop — is directly tied to its decision to allocate treasury funds into the BONK memecoin. I see this treasury play as a high-risk crypto exposure that rattled investors, triggering a steep sell-off in the share price and sparking concerns about corporate governance, liquidity risk, and balance-sheet prudence.

From my perspective, the move to hold BONK in the corporate treasury signals an aggressive, speculative crypto strategy that many traditional equity holders may not have anticipated. The market’s quick negative reaction underscores how sensitive public equities are to volatile memecoin allocations and highlights the broader risks of mixing speculative crypto positions with corporate treasuries.