Okay, so Vitalik Buterin-yeah, that guy, the Ethereum one, skinny, looks like he just discovered Wi-Fi-he’s out there saying, “Eh, public companies with Ether in their treasuries isn’t the *worst* idea in the world.”
He’s chatting it up on Bankless, tossing a bone to these crypto treasury firms. Like, hey, if you’re one of these companies hoarding ETH like a squirrel on Red Bull, good for you! More options for investors, more doors open. Whatever. Mazel tov. 👏
But then, and you knew there’d be a “but”-because there’s always a but with this guy-he’s basically like, “Let’s not turn this into a circus.” Leverage! He’s worried about leverage. Too much of it, and *boom!* Everything goes kablooey. Ethereum gets whacked harder than a piñata at a toddler’s birthday party.
Are ETH Treasuries good for Ethereum?
Vitalik’s like: “Yeah, companies holding ETH? Sure, why not. Options are good. But if you fast-forward three years and tell me treasuries killed ETH, my bet is leverage did it.”
That’s a quote, kind of. Close enough.– Bankless (@BanklessHQ) August 7, 2025
Look, crypto treasury firms are popping up everywhere. These guys are like crypto’s answer to Costco: big, public, and buying up all the ETH they can find. Some big numbers here-BitMine Immersion holding over 800,000 ETH, which is, apparently, a *lot* of money. SharpLink Gaming… that’s a real company, I guess.
The problem? People start borrowing on top of borrowing, and then the price drops, and then it’s Free Fallin’-only Tom Petty isn’t singing, everyone’s just crying.
Vitalik’s basically saying: “If you tell me down the line Ethereum crashed, my money’s on this leverage nonsense. Don’t turn this into Terraform Labs, okay? No Do Kwon shenanigans.” 🧨
Anyway, it’s the usual crypto story: we want to be taken seriously by Wall Street, but we also don’t want to bring in all the dumb stuff from Wall Street. We want more people in the pool, but *without* someone peeing in it. Not a lot to ask, is it?
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2025-08-08 06:55