Everyone is talking about Digital Asset Treasury companies.
The first batch PIPE deals unlock between now and Aug (SBET started on 26th of June). I guess we will see how will market responds to the first wave.
The second wave expands from BTC, ETH to other assets (Sol, Ton, BNB) as well to other markets (London, Hong Kong, Singapore, Thailand) etc.
what are people's hypothesis about how this might play out?
a few things will happen
1) underlying assets price will surely go up with these arms race. definitely short to medium term. long term will only work for a few assets.
2) It's a winner takes all game- liquidity begets liquidity , size begets size. The winners will emerge.
But how do you identify the winners?
1) capability to raise big money and get to lead by size is stage 1
2) leverage the amassed digital asset to develop new business model, to generate superior yield, and to yield power in governance will be lasting advantage.
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