@web3pro
🪅 Corporate digital asset treasury firms have sharply reduced crypto purchases since October 10
🔸Only a few still buy, mostly focusing on $ETH. Meanwhile, ETHZilla filed with the SEC to sell $40M worth of $ETH to fund a stock buyback. The firm still holds around $400M in $ETH but plans to keep selling until its NAV premium stabilizes
At this rate, some “crypto treasuries” might soon run out of crypto altogether
0 reply
18 recasts
23 reactions