Past Midnight, The Crypto Treasury Party Is Just Getting Started
Acolytes of Michael Saylor’s Strategy have had a great run and are bracing for what comes next
Over coffee in Hong Kong last week, a crypto hedge fund manager asked if I could introduce any “quality companies” to him. Given that tastes differ, I asked what a quality company meant to him.
“We’re looking for companies with a tiny market capitalization, a business that is failing, management that is coachable, and a board of directors open to new ideas,” he replied. “Oh, and they need to be current with their SEC filings so we can raise a lot of capital fast.”
SYMBOL – 23 April 2024, Baden-Württemberg, Rottweil: The logos of the cryptocurrencies Bitcoin (BTC), Ethereum (ETH), the stablecoin Tether (USDT), Binance Coin (BNB)…
