Its a reasonable question: a lot of these articles (which I dont necessarily disagree with otherwise) uses phrases like this one does:
"raised a record $144M" and "raising 9-digits cash"
Which isn't true. They raised 0 USD, and selling whatever the equivalent of ETH they did raise would likely crash the value significantly, such that they'd never see $100M+.
If they sold slowly, and if ETH value stayed relatively stable during that time, and if the exchanges were reliable for large, frequent withdrawls, and if all of this didn't raise huge red flags with the banks and governments in their jurisdictions, there might be something to it. That's a lot of ifs.
"raised a record $144M" and "raising 9-digits cash"
Which isn't true. They raised 0 USD, and selling whatever the equivalent of ETH they did raise would likely crash the value significantly, such that they'd never see $100M+.
If they sold slowly, and if ETH value stayed relatively stable during that time, and if the exchanges were reliable for large, frequent withdrawls, and if all of this didn't raise huge red flags with the banks and governments in their jurisdictions, there might be something to it. That's a lot of ifs.