Scan to download
BTC $77,213.20 +2.93%
ETH $2,423.83 +3.38%
BNB $640.12 +0.59%
XRP $1.48 +2.33%
SOL $89.18 +0.37%
TRX $0.3271 +0.31%
DOGE $0.1002 +0.93%
ADA $0.2614 +0.95%
BCH $454.79 +2.02%
LINK $9.66 +0.88%
HYPE $44.16 +0.56%
AAVE $117.37 +2.22%
SUI $1.01 +1.90%
XLM $0.1734 +4.04%
ZEC $330.59 -3.81%
BTC $77,213.20 +2.93%
ETH $2,423.83 +3.38%
BNB $640.12 +0.59%
XRP $1.48 +2.33%
SOL $89.18 +0.37%
TRX $0.3271 +0.31%
DOGE $0.1002 +0.93%
ADA $0.2614 +0.95%
BCH $454.79 +2.02%
LINK $9.66 +0.88%
HYPE $44.16 +0.56%
AAVE $117.37 +2.22%
SUI $1.01 +1.90%
XLM $0.1734 +4.04%
ZEC $330.59 -3.81%

zero

The founder of Hyperliquid once rejected a $1 billion valuation funding proposal, insisting on a "zero external investment" approach

According to market news, Hyperliquid founder Jeffrey Yan received an investment intention based on a valuation of about $1 billion and a scale of about $100 million less than a year after the project went live. However, after careful consideration, he ultimately chose to reject the investment terms.Reports indicate that before and after the financing proposal was made, the team had been continuously using personal funds to maintain operations, consuming the founder's personal finances each month to cover project costs. During the investor's engagement, Jeff communicated with several entrepreneurs and VCs about the nature and significance of financing, but he was never convinced that external capital could enhance its intrinsic value. Ultimately, he clearly informed the team on Monday that he would reject the financing proposal.Relevant insiders described that the team members managing funds were shocked by this decision, as several preparations had already been made around the financing. Jeff's core reason was that Hyperliquid is not a traditional company but an on-chain protocol that needs to maintain neutrality. He believed that once external equity capital was introduced, it could undermine the protocol's permissionless and neutral positioning, conflicting with its long-term design goals.He had previously stated that if Bitcoin had accepted VC financing in its early days, its neutrality narrative might have been weakened. Following the same logic, he chose to continue maintaining Hyperliquid's investor-free structure and to support part of the operating expenses with personal funds in the long term. On January 28, 2024, he summarized the project's principles on social media: · No investors · No paid market makers · No fees charged to the development team (or the development team does not take fees) · No insiders (or internal privileged participants). This statement is also seen as a core footnote to Hyperliquid's extreme decentralization/decapitalization approach.

$50 million increase in budget, zero debt milestone, and 100% output retention

According to BBX data, global listed companies made key progress in "health optimization" of their treasury structures yesterday:$50 million addition: Boyaa Interactive (0434.HK) announced yesterday that the board has approved an additional budget of $50 million for increasing its holdings in Bitcoin and Ethereum. So far, the group has invested over $250 million, aiming to establish itself as the largest digital asset treasury entity in Asia.Officially entering "debt-free holding": TeraWulf (NASDAQ: $WULF) announced yesterday that it has used cash flow generated from its high-performance computing business to pay off the last of its high-interest debt. As one of the most energy-efficient mining companies globally, the company reiterated that it has entered the "100% output retention" phase as of yesterday.Computing power as net reserves: HIVE Digital (TSX-V: $HIVE) disclosed yesterday that the profits from its AI data center in Sweden have fully covered global operating expenses for two consecutive months. This means that all Bitcoin produced yesterday is recorded as "net reserves," with no need for any market sell-off.$10 million procurement settled: Acurx Pharmaceuticals (NASDAQ: $ACXP) confirmed yesterday that its first $10 million strategic procurement of Bitcoin has been fully completed. As a biopharmaceutical company, ACXP plans to use this asset as a "value anchor" for its clinical research and development funding over the next five years.Automated treasury upgrade: Public.com launched an "automated treasury balancing" suite for small and medium-sized enterprises globally yesterday, supporting the automatic proportional conversion of idle corporate funds into BTC, with the first-day subscription scale exceeding $80 million.
app_icon
ChainCatcher Building the Web3 world with innovations.