Galaxy Digital CEO Mike Novogratz expressed concern about cryptocurrency treasury companies, urging them to create shareholder value beyond just owning assets. These companies are trading below their net asset value between 80% and 95%, unless management transforms them into operational entities. Novogratz emphasized the importance of generating shareholder value through innovative strategies.
Novogratz highlighted the shift away from hyping stock prices through premium sales, citing Michael Saylor and Tom Lee as exceptions. He emphasized the need for treasury companies to evolve into operationally focused entities to create sustainable shareholder value. Novogratz and Anthony Scaramucci discussed the importance of strategic transformation to drive long-term growth and success in the cryptocurrency space.
Cryptocurrency treasury companies have gained popularity, with over 200 firms collectively valued at around $150 billion. However, these companies face criticism for investing in obscure, volatile tokens. Moody’s Ratings Analyst Cristiano Ventricelli warned that equities of such companies face increased pressure during market downturns. The rise of these firms reflects the growing interest in digital assets and blockchain technology.
EnergyX offers early-stage investors exposure to lithium production through its Lithium Ion Transport and Separation technology, catering to the clean energy transition. The company allows investors to diversify beyond traditional stocks and bonds with a minimum investment of $1,000. EnergyX presents an opportunity to participate in the green economy’s growth through innovative lithium production solutions.
Fundrise’s venture capital offering enables individual investors to access private technology companies with low minimums and diversified holdings. By focusing on long-term growth before public markets, Fundrise provides a simple way for investors to gain exposure to private tech ventures. The platform supports diversification into innovative tech companies starting with minimal investments.
Arrived Homes, backed by Jeff Bezos, offers fractional ownership of single-family rentals and vacation homes with a low entry barrier. Investors can start with as little as $100, diversifying into real estate without the need for direct property management. Arrived Homes provides an accessible way for everyday investors to build wealth through real estate investments.
Read more at Yahoo Finance: ‘Not Going To Get Shareholder Value Just By…’
