What Does Kerrisdale’s Short Position Mean for Crypto Treasury Models?
Could it be that the age of easy profits in crypto treasury models has come to a close? The recent action by Kerrisdale Capital to short Bitmine has sent tremors through the cryptocurrency landscape, raising pertinent concerns about whether Digital Asset Treasury (DAT) models can sustain themselves. What’s more is that institutional backing for Ethereum has only strengthened. To see what this means, we need to dissect the potential repercussions, historical lessons, and how fintech startups might find ways to evolve treasury management.
What does taking a short position on Bitmine mean for crypto treasury models?
Kerrisdale Capital’s short position on Bitmine Immersion Technologies (BMNR) sends a clear signal: Digital Asset Treasury…
