“There’s no free money forever”: Twenty One Capital’s new CEO warns the Bitcoin treasury playbook is dying
Raphael Zagury, the newly appointed CEO of Bitcoin-focused public firm Twenty One Capital, says the premium-funded mannequin behind Bitcoin treasury corporations can’t present simple returns ceaselessly. His reply is to construct cash-generating companies round the firm’s BTC stability sheet. In a July 22 fireplace chat furnished to the SEC, Zagury described issuing shares above the…
