In a world where the only constant is change, and the only certainty is uncertainty, Anatoly Yakovenko, the co-founder and CEO of Solana Labs, has decided to weigh in on the latest crypto conundrum. “This is so dumb… Why would anyone want a team to buy and hold bitcoin for them when they can do it themselves? Why pay for all those coconuts,” he quipped on social media, adding a 🥥 for good measure. 🤷♂️
According to Yakovenko, the real magic lies in projects holding just enough money to cover up to 36 months of operating expenses in low-risk assets, like U.S. treasury bills. Because, let’s face it, who needs the thrill of a rollercoaster when you can have the comfort of a well-padded savings account? 🏦
converting $100 million in ADA into Bitcoin and stable assets. Hoskinson, ever the optimist, believes this strategy will not only not hurt Cardano but will actually help it thrive. “If that program is successful, then we can actually continue that strategy on an annualized basis,” he said, with a twinkle in his eye. 🌟
But not everyone is convinced. Jeff Park, head of alpha strategies at Bitwise Invest, was left scratching his head. “Subpar altcoins ditching their own assets to build a BTC treasury was not on my 2025 bingo card,” he mused on X, adding a 🤔 to emphasize his confusion. 🤔
Hoskinson, however, remains undeterred. “We will not allow the maxi and the Bitcoin ecosystem to take it from us,” he declared, as if preparing for a grand battle against the crypto overlords. 🛡️
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2025-06-16 09:00