The Chief Investment Officer of Bitwise stated that treasury companies and holding companies hold and stake ETH in the form of "equity packaging," addressing the long-standing "value narrative issue" of Ethereum and attracting more TradFi capital. He pointed out that this model can provide investors with a familiar return structure but also reminded companies to manage debt and basis risk cautiously to avoid being forced to sell assets due to excessive leverage.
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The Chief Investment Officer of Bitwise stated that treasury companies and holding companies hold and stake ETH in the form of "equity packaging," addressing the long-standing "value narrative issue" of Ethereum and attracting more TradFi capital. He pointed out that this model can provide investors with a familiar return structure but also reminded companies to manage debt and basis risk cautiously to avoid being forced to sell assets due to excessive leverage.