How insiders are cashing in on a ‘complicated’ crypto treasury trend – DL News
- Strategy has enjoyed a booming stock since it began its Bitcoin plan.
- More companies are following the same path.
- But how early investors make money is causing alarm bells to ring.
Bitcoin treasuries are having a moment, but the buzz is hiding how insiders are quietly cashing in while retail investors foot the bill, according to some market stakeholders.
Rob Hadick, general partner at crypto venture capital firm Dragonfly, reckons that the sudden wave of companies launching corporate Bitcoin vehicles is a sign of trouble, not triumph.
“The crypto treasury trend is complicated,” Hadick said in a July 21 interview with Coinage Media. “I got six calls about new treasury vehicles over the weekend. That tells you the froth.”
And it’s…
