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Michael Hubbard doesn’t mince words about the future of digital asset treasuries. The SOL Strategies interim CEO believes most crypto treasury companies are built on hype rather than sustainable business models, and staking ETFs will soon make them obsolete. “Our thesis is that there’s no sustainable market for digital asset treasuries,” Hubbard told reporters this…
SOL Strategies (SOLS), a key player in Solana infrastructure and treasury management, saw its shares experience a tumultuous first week of trading on the Nasdaq Exchange, plunging a significant 43% from its debut price. The Canadian-based firm, which manages Solana validators and holds a substantial SOL treasury, expanded its public market presence last Tuesday from…
