Crypto Treasury Rush Don Reach Im Peak, Galaxy Novogratz Dey Warn
Galaxy Digital CEO Mike Novogratz yan say investors for di firm Q2 earnings call say di crypto treasury rush don probably reach dia peak. E talk say, “We don probably pass di peak time wey companies dey issue treasury,” and e note say companies wey dey keep digital assets for dem balance sheets no go grow fast again. Dis crypto treasury rush wey make companies dey issue treasury to hold crypto, dey slow down now. Novogratz also talk say e good make we watch the existing treasury-focused companies wey fit grow to become market leaders.
Neutral
Announcements sey crypto treasury rush don reach im peak mean sey corporate crypto adoption don mature. Even if dis fit slow down momentum for new entrants, e no dey directly affect asset prices. Short term, traders fit see less volatility as fewer companies dey issue new treasuries. Long term, attention go shift to established players, fit support stability plus selective bullish bets. Dis one mirror di institutional fund issuance slowdown after DeFi launch craze, wey market consolidate instead of expand.