Altcoins News
By James Thorp
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Financial Discipline vs. Bitcoin Exposure. The Solana executive believes that crypto projects should prioritize long-term survival through…
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Cardano’s Charles Hoskinson Proposes Bitcoin Allocation. Yakovenko’s criticism appears to be a direct response to a recent proposal by Charles Hoskinson,…
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Analysts and the Community React. The proposal received mixed reactions. While some in the community see it as a step toward…
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A Larger Conversation About Crypto Treasury Strategy. As more crypto projects mature, treasury management has become a central topic.
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The Debate Isn’t Over. It’s clear that the conversation around crypto treasury strategy is far from settled.
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Final Thoughts. The disagreement between Anatoly Yakovenko and Charles Hoskinson highlights a key tension in the…
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In a recent social media post, Anatoly Yakovenko, the co-founder and CEO of Solana Labs, openly criticized the trend of altcoin projects using part of their treasury to purchase…
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Yakovenko questioned the reasoning behind a project acquiring Bitcoin on behalf of its community, describing the idea as “so dumb” and fundamentally flawed.
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“Why would anyone want a team to buy and hold Bitcoin for them when they can do it themselves?” Yakovenko wrote on X. “Why pay for all those coconuts?”
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His sarcastic tone and sharp wording brought attention to what he sees as a misplaced strategy—project teams holding an entirely different asset rather than supporting their own…
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“Anything beyond that opens you up to unnecessary risk,” said Yakovenko. “Treasuries earn decent yield, they’re predictable, and they let you focus on building.”
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His argument centers around financial prudence. Projects should have access to emergency funds that won’t fluctuate wildly with market conditions.
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According to Hoskinson, this approach would create a more stable foundation for the Cardano ecosystem.
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“If that program is successful, then we can continue that strategy on an annual basis,” Hoskinson noted, suggesting that yields from the Bitcoin and stablecoin holdings could be…
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Hoskinson framed this as a “strategic reserve” approach—one that uses Bitcoin’s established store-of-value reputation to strengthen Cardano’s treasury.
The Currency Analytics
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