Anatoly Yakovenko, co-founder and CEO of Solana Labs, has rejected the idea of altcoin projects holding Bitcoin. 

"This is so dumb…Why would anyone want a team to buy and hold bitcoin for them when they can do it themselves? Why pay for all those coconuts," he said on social media. 

Yakovenko argues that projects should only hold enough money to be able to cover up to 36 months of operating expenses in low-risk assets like U.S. treasury bills.  

HOT Stories 'Stop Overpaying': Ripple CTO Proposes Game-Changing Fee System Michael Saylor Sends Bullish Message to Top Bitcoin Treasury Giant Exchange Giant Binance Issues Fresh Scam Alert 'So Dumb': Solana Founder Slams Idea of Altcoin Projects Holding Bitcoin

The comment comes after Cardano co-founder Charles Hoskinson proposed converting $100 million in ADA into Bitcoin and stable assets. 

Hoskinson is convinced that such a move will not materially impact Cardano. 

By securing yield on an annual basis, it would be possible to purchase more ADA and replenish the treasury over time. 

You Might Also Like
Sun, 06/15/2025 - 18:28 Hedge Fund Legend Lambasts Bitcoiners as 'Ponzi Cultists' ByAlex Dovbnya

"If that program is successful, then we can actually continue that strategy on an annualized basis," Hoskinson said. 

This could create "a stable floor" for the ecosystem in the future, according to the Cardano co-founder. 

Some analysts were puzzled by Cardano's sudden embrace of Bitcoin. "Subpar altcoins ditching their own assets to build a BTC treasury was not on my 2025 bingo card," Jeff Park, head of alpha strategies at Bitwise Invest, commented on X. 

Hosknson previously stated that Bitcoin no longer had the right to be considered the only sound money blockchain. "We will not allow the maxi and the Bitcoin ecosystem to take it from us," he said. 

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。