Solana Co-founder Slams Cardano’s Bitcoin Treasury Strategy as Misguided Move – Blockonomi
TLDR: Solana co-founder said blockchain projects shouldn’t hold Bitcoin on behalf of communities. Cardano plans to convert part of its $1.2B treasury into BTC and stables to generate yield. Critics argue the move could pressure ADA’s price, while others view it as strategic maturity. Institutional watchers are monitoring the execution and regulatory response to the…