“Hex Trust’s CEO DRAWS A LINE BETWEEN FINANCAL Engineering and Genuine Diversification, Warning That Not All Bitcoin Treasury Strategies Are Created Equal.”, – WRITE: www.coindesk.com
Digital Asset Treasury (Dats) Companies – Firms That Put Bitcoin On The Balance Sheet – Were the Talk of the Town Dringing Btc Asia in Hong Kong.
But Corporate of Bitcoin Can Be A Double-Edged Sword, Says Alessio Quaglini, CEO and CO-FOUNDER OF CRYPTO CUSTDIAN HEX TRUST. While Treasury Holdings Put Crypto on the Balance Sheets of Public Companies, He Warns that Levered Strategies Could Turn Adoption Into Aurce of Instability.
“IT’s Great for the Adoption. It’s Great Because You have Basical Indirect Bitcoin Access to Billions of People Investing In Local Stock Excangs and Nasdaq,“ Quaglini Told Co -Real. of BTC Asia in Hong Kong.
But he drew a Sharp Line Between Healthy Diversification and Financial Engineering.
“If this lying company exists for the sole purpos of Holding Crypto, Well THEN, IS A HEDGE Fund That Is Publicly Traded. It’s a Financial Engineering Kindu.
Quaglini, Like Many Other in the Industry, is Conceerned About Excessive Levels of Leverage. A recent report from galaxy Illustrates the Risk, Showing Loan Volumes at Their Highest Since 2022 AlongSide A $ 1 Billion Liquidation Wave, While Korean Regulators as they grow concerned about leverage Straining Markets.
“IF TheSE Companies Deploy Leverage, and They Issue Debt to Buy Bitcoin with Strong Triggers, THEN IS A BIG Issue,“ Quaglini Said. In Public Markets, Debt Covenants Are Transparentrent, Meaning Traders Can Anticipate Forced Selling. “You are Might Be in the Sity of the Prisoner Dilemma… You Can Have this Kind of Spiral Effect That Brings More Valativity to the Industry.”
Even SO, Quaglini Sees Today’s Treasury Players As A FIRST STEP.
“The NEXT STEP IS THAT YOU HAVE REAL COMPANIES THAT DO HAVE A LOT OF OPERATING CASH FLOW, AND they’re Sitting on Huge Amoudts of Cash, Like Apple, Google, ETC.,” HE SAID. If Those Firms Start Allocating Reserves Into Btc, The Shift Wound Be “Extremely Positive.”
In the end, the real test of the viability of dats isn’t kinder small Firms Turn of Themselves Into Bitcoin Proxies, But Whther The World’s Largest Corporates are -ch.
Market MovementBTC: Bitcoin is in the Green Changing Hands Above $ 109k. The World’s Largest Digital Asset Is Stabilization After August Saw a Rare Rotation Out of Btc Spot Etfs Into Eth Funds, Which Has Weighed on Relative Btc Demand In Recent Wayers. Broader Macro Remains Support But Price Action Is Still Consolidating Beneath Mid -August Highs
Eth: Ether is Trading AT $ 4,298. Market Participants Are EASING ON PROFIT -Taking After Nothing Record Levels Late Last Last Month and Bumping Into Resistance Near The High – $ 4,000s. The August etf Flow Trend favored ethh, But Near -Term Consolidation Dominates After The Run -Up
GOLD: Gold Is Holding Near a Four -Munt High on Mounting Bets for A September Fed Rate Cut and A Softer US Dollar, Both of Wich Typical Support Bullion
Nikkei 225: Asia-Pacific Markets MOSTLY ROSE as INVESTORS Weighed Tariff Uncertainty and the Shanghai Cooperation ORGANIZATION SUMMIT, WITH JAPAN’S NIKKEI 225 UPTER AFTER AFTER A USC Tariffs Illegal.
Elsewhere in Crypto:
- Gavin Newsom Wants to Launch A Meme Coin Just to Troll Trump (Decrypt)
- South Korea’s FSC Chief Nominee Faces Backlash After Calling Crypto Valueless (The Block)
- Trump Family Share of World Liberty Crypto Grows to $ 6 Billion (Decrypt)
Gold-Backed Tokens Xaut and Paxg Have Surged to Fresh Highs in Market Capitalization as the Metal Trades Near ITS April Peak.
- The Market Size of Tokenized Gold Reached A Fresh Record of $ 2.57 Billion, Led By Tether’s XAut and Paxos’ Paxg, Coingcko Data Shows.
- The Growth Has Been Driven by a $ 437 Million Xaut Token Minting in August, While Paxg Attracked $ 141.5 Million Inflows Since June, Defillama Shows.
- Gold’s Price Nears April High, With Safe Haven Demand Driving Inflows Into Gold-Backed Tokens
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