@mikebucellaJun 30, 2025 · 12:24 PM

"Bucella is the new Coachella"... I only wish I was that cool @KellyCNBC 😂 A fun, rapid-fire segment on all things crypto with Kelly Evans and Brian Sullivan (@SullyCNBC) on @CNBC's @PowerLunch on Friday. We dove into the impact on Bitcoin and broader cryptocurrency markets from the rapid expansion of crypto treasury companies in the traditional public markets (see appendix below), debated valuation frameworks for @circle ( $CRCL) and @coinbase ( $COIN), and the pronunciation of my last name: Boo-cheh-luh (doing this also tends to help 🤌) --- APPENDIX Crypto Treasury companies (>$50M mkt cap): Bitcoin ( $BTC): - @MicroStrategy ( $MSTR): @saylor (aka, The OG) - 21 Capital ( $CEP): @jackmallers / @cantorfitzgerld / @tether / @SoftBank - @nakamoto ( $NAKA): @DavidFBailey / @_btcinc - @ProCapFinancial ( $CCCM): @APompliano Ethereum ( $ETH): - @sharplink ( $SBET): @ethereumJoseph / @Consensys Solana ( $SOL): - @UpexiTreasury ( $UPXI): @GSR_io - @defidevcorp ( $DFDV): former @krakenfx execs - @solstrategies (TSX: $HODL): @LeahWald Hyperliquid ( $HYPE) - @HyperionDeFi ( $EYEN) I would expect more to be announced in the coming months in assets ranging from those above to $XRP, $AVAX, $BNB, $TON, $STX, $ADA, $SUI and many others. Caution to all - STRUCTURE MATTERS - particularly down the stack. Ensure you do your diligence when looking at any of these entities or deals, as the structuring of these companies (as much as the underlying asset) will determine the winners and losers. None of the above constitutes a recommendation or financial advice. DYOR. https://t.co/VDgtIWWWrb https://t.co/1HvsrE92KY