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0.000231677391596221 -0.000713944614919094 -0.0049692436442381 0.0103971139616361 0.00897868095186301 -0.0141890582077626 -0.00307799963120747 0.0150495742336916
Stock impact report

Galaxy Digital's Zac Prince questions Bitcoin treasury firms' model [Yahoo! Finance]

Galaxy Digital Inc. - Class A common stock (GLXY) 
Company Research Source: Yahoo! Finance
During a recent conversation with TheStreet Roundtable and The Wolf of All Streets host Scott Melker , Galaxy Digital's retail trading venture Galaxy One's managing director, Zac Prince, dissected one of crypto's latest trends, the rise and fall of Bitcoin Treasury companies. These are firms that raise capital to hold Bitcoin on their balance sheets, promising to outperform the asset itself by generating “yield.” Melker didn't mince his words. “I was the first vocal skeptic of the Bitcoin Treasury Company idea after MicroStrategy ,” he said. “Bitcoin doesn't have a native yield — trying to beat Bitcoin means taking on risk. So why not just buy Bitcoin?” Related: Analyst predicts 55% Bitcoin surge, issues warning on crypto treasuries Prince agreed, noting that the market seems to have rendered its verdict. “It reminded me of the old Bitcoin yield schemes,” he said. “Companies would talk about staking or generating yield from a protocol, but inevitably they just created Show less Read more
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