Hacker News Reader

The 300M received will 100x itself in the cryptospace though, must look to the future not the now.

according to square's leadership anyway

How is that relevant?

"In addition, the Transaction enables the launch of new businesses by moving forward with investments in fields including blockchain, AI, and the cloud," Square Enix said.

You're not going to underprice a sale because of that. Even if you believed that you could take the money and "100x itself in the cryptospace"", why not 100x $500M, instead of 100x $300M?

(Unless you disagree with the parent's point, that is, and think that that is a fair price for what was sold. I'm not commenting on that, only that "investing the proceeds in crypto" doesn't make sense in this argument.)

> Square Enix says the transaction (which was only $300 million) "enables the launch of new businesses by moving forward with investments in fields including blockchain, AI, and the cloud."

~ https://twitter.com/Wario64/status/1521017861803704321

Reply on news.ycombinator.com