We have over 10 million cash on hand. Now we are in a bear market. Could some money be allocated to a btc/ treasury ? Or eth? Thanks mar
Like a investment arm . Or target some heavily discounted alts
Or buy some blue chip nfts bored apes or crypto punks or kongz ?
Hi Marmar, thanks for proposing. We are constantly evaluating opportunities across the crypto market, and have been investing at small cheque sizes (couple of digidaigaku NFTs for example). Despite the massive drawdown from ATH and the high likelihood of bottoming, we are more inclined to deploy our stables upon confirmation, or when really high expected value opportunities arise
Happy to hear more on your thoughts!
My thoughts are we have a lot of dry powder if 25% was put into btc treasury . With the rate of spending and the excellent gains we have been getting in this bear market.The 10million cash is going to take a very long time to spend. The long play in btc could help when new investors look at path dao the various investments we have ?