✨️🌀🌀 XRP and Solana Join Bitcoin in New Wave of Public Crypto Treasuries
‼️Read Below ‼️
Public companies expand crypto treasury models, adding XRP and Solana to Bitcoin, signaling growing institutional interest in altcoins. VivoPower and Classover Holdings partner with BitGo and Solana Growth Ventures to acquire XRP and Solana, respectively, for their treasuries. Critics warn that altcoin-based public crypto vehicles (PCVs) may fuel speculative stock surges without long-term value, similar to past market frenzies.
🌟 Quick Take:
Critics and observers warn of financial engineering dressed up as crypto adoption. Web3 analyst Hitesh.eth on X argues that PCVs are now used to drive speculative stock surges, even without delivering long-term value. He added that institutional investors and VCs are now trying to recreate the “Saylor effect” using altcoins such as Solana (SOL).
Specifically, they issue stock to raise capital for crypto buys, then drive hype via influencers and on-chain equity narratives. Warning that not everyone can be Saylor, Hitesh notes that retail investors could be left with no exit liquidity if the game turns speculative. Others see parallels with past market frenzies, with one user on X likening this moment to the SPAC boom of 2020 and the meme stock mania of 2021. The general divide is that these new XRP and SOL treasury moves may be long-term strategic bets or short-term stock catalysts.