Strive CEO: Tokenized Stocks Won't Threaten Bitcoin Treasury Companies
Strive CEO Matt Cole says tokenized stocks won't impact Bitcoin treasury companies. He believes that investors who buy shares in digital asset treasuries end up with more Bitcoin than they could hold on their own.
Cole explained that the same principle applies to any company, 'Why would you want to own dollars when you can own a company that tries to take dollars and earns more dollars?' he said.
Strive never sold a single Bitcoin during the bear market and kept buying. The company's holdings now stand above 26,000 BTC, making it one of the top 10 public Bitcoin treasury companies, according to data from BitcoinTreasuries.net.
Cole noted that timing and structure went wrong elsewhere, with some treasury companies launching 'straight into the bear market' last year.