Who’s Getting Rich Off The $100 Billion Crypto Treasury Boom
From Anchorage Digital to BitGo and Morgan Stanley, a growing cast of financial firms are reaping big fees riding the tidal wave of corporate bitcoin buying.
A record number of public companies are shoveling crypto onto their balance sheets—ostensibly to diversify their holdings, hedge against inflation and attract new investors. The unstated reason, of course, is management’s desire to boost their stock price. In recent months, just announcing a so-called “crypto treasury” strategy has been enough to add premiums to trading prices.
The real bonanza however, is flowing to the picks-and-shovels merchants of this latest gold rush: custodians, brokers, asset managers and investment banks collecting fees on every trade, transfer…
