Canadian online meal delivery service, Goodfood, is following in the footsteps of Strategy by betting on Bitcoin. Goodfood CEO Jonathan Ferrari believes that investing in Bitcoin could be the company's saving grace after suffering significant losses during the COVID-19 pandemic. Following Strategy's success, which earned favor from investors and plans to raise funds for more Bitcoin purchases, Ferrari is planning to invest a "significant" amount of Goodfood's remaining cash in Bitcoin. While several companies are increasing their Bitcoin investments, concerns have been raised about the volatility of cryptocurrencies and the potential impact on corporate treasury holdings.



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