Circle trading at $10+ billion valuation generating $250 million of cash (roughly a 2-3% cash flow yield)
Maker trading at $1 billion FDV generating $100 million of cash (10% cash flow yield)
It seems better to IPO than launch a token?
Hyperliquid
Maker trading at $1 billion FDV generating $100 million of cash (10% cash flow yield)
It seems better to IPO than launch a token?
Hyperliquid