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Stock impact report

Multicoin Capital's Kyle Samani asks BlackRock and Fidelity to choose Solana [Yahoo! Finance]

Forward Industries, Inc. (FWDI) 
Company Research Source: Yahoo! Finance
Founded in 2017, Multicoin Capital is a thesis-driven investment firm that invests in crypto assets, tokens, and blockchain companies. In a recent conversation with TheStreet Roundtable , Samani pushed back hard against the idea that the MSCI (Morgan Stanley Capital International) was considering removing companies holding more than 50% of their treasury in digital assets from its indices. Related: Kyle Samani says tokenization of U.S. equities will be a turning point for crypto regulation Such a move is an attempt by "boomers" controlling TradFi to gatekeep finance at a time when blockchain-based finance is rapidly evolving, Samani said. "The boomers that control TradFi are fighting against the new regime. It just seems kind of silly." Samani addressed the MSCI's argument that these firms are functioning primarily as crypto holders and lack any real operating businesses. He took the example of Michael Saylor's Strategy (Nasdaq: MSTR), the leading Bitcoin (BTC) treasury c Show less Read more
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