Samara Asset Group CEO Calls Bitcoin Treasury Firms a 'Disservice to Shareholders'

A chief executive whose firm keeps Bitcoin as its main treasury asset said he dislikes the label "Bitcoin treasury company," adding that investors are turning down all pure treasury strategies apart from Strategy. Samara Asset Group's Patrick Lowry spoke with Grace Remington and Sean Hagan about why calling Bitcoin "digital gold" was "stupid marketing," a framing that made it an investment rather than money, and why that very framing causes Bitcoin to fall whenever the Federal Reserve discusses raising rates. Lowry explained that Samara uses Bitcoin as working capital, parking venture fund commitments in the cryptocurrency and selling it when capital calls arrive, regardless of the price.

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