Holdings | Crypto

Michael Saylor’s Strategy has disclosed a 430 BTC buy for $51.4M at ~$119,666, taking holdings to 629,376 BTC. The firm has outlined aggregate cost of $46.15B (avg $73,320) and refined ATM rules below 2.5× mNAV to manage debt service, dividends, and selective treasury deployment.   The post Michael Saylor’s Strategy Adds 430 BTC, Holdings Hit 629,376 – What’s the Catch? appeared first on Cryptonews.

Many crypto startups are losing out on venture capital opportunities due to their valuation-to-revenue ratios being excessively high, an industry executive said. Too many crypto startups are pricing themselves out of venture capital funding by chasing valuations far exceeding their revenues, according to Dan Tapeiro, the CEO of crypto-focused venture capital firm 10T Holdings. “For some reason, founders and CEOs think that they should be raising capital at 50 to 80 times revenue. So that makes it very hard for us to make a return for our liquidity providers,” Tapeiro said while speaking in a panel discussion at the Consensus conference in Toronto on May 14. 10T Holdings has passed on over 200 companies for similar reasons, including the now-bankrupt FTX, BlockFi and Celsius, Tapeiro said.  Read more