This Crypto Treasury Claims It Raised $401 Million. The Real Amount Is $13.7M
ZeroStack claimed it raised $401 million for its AI + crypto digital asset treasury. But according to SEC filings reviewed by Unchained, the actual new money raised was just $13.66 million.
Unchained Executive Editor Steven Ehrlich joins Laura Shin to walk through the accounting gimmicks, explain why this structure may offer early liquidity to insiders, and contextualize what it means for the increasingly saturated DAT (Digital Asset Treasury) space.
