The Crypto Treasury Playbook With Ben Forman & Josh Solesbury From ParaFi Capital

27 snips

Jul 14, 2025

Guest

Josh Solesbury

Guest

Ben Forman

In this engaging discussion, Ben Forman, the founder of ParaFi Capital, and Josh Solesbury, a specialist in crypto treasury strategies, dive deep into the evolving world of digital assets. They explore the significance of Digital Asset Treasuries and how companies like MicroStrategy leverage Bitcoin. The duo also highlights the complexities of navigating crypto investments, discussing market implications and the future of corporate treasury strategies. Plus, they examine innovative blockchain technologies and the rise of new financial products shaping the capital markets.

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INSIGHT

Why Crypto Vehicle Premium Exists

The premium for Bitcoin held by public companies exists because they can increase Bitcoin per share via capital markets moves.
This dynamic enables these companies to potentially outperform holding spot Bitcoin over time.

INSIGHT

Drivers Behind Crypto Treasury Growth

Regulatory clarity and institutional adoption have created a conducive environment for crypto treasury companies.
Public companies with shells and management teams increasingly copy MicroStrategy's strategy, especially those less established in traditional business.

ADVICE

Criteria to Evaluate Treasury Companies

Evaluate treasury companies by analyzing their capital markets, management quality, and long-term alignment.
Prioritize teams with financial sophistication and commitment to sustained Bitcoin accumulation.

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Gm! Ben Forman and Josh Solesbury from ParaFi Capital join Yano for this episode to dive into all the details, developments, the good and the bad and the future for publicly traded crypto vehicles!

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Chapters:

(00:00) Intro

(01:58) Parafi Investor Letter

(02:54) Digital Asset Treasuries Overview Today

(10:10) Ads (Skale, Katana)

(11:57) Why Q2 + Q3 For Public Crypto Treasuries?

(17:09) Largest Convertible Issuer

(23:51) Scale of Public Crypto Treasury Vehicles

(25:23) Ads (Skale, Katana)

(27:11) Green Flags To Launch A Treasury Company

(40:00) Reputational Risks

(43:25) Why don't Treasury vehicles Impact native token price action

(51:26) Ads (Mantle, Zenrock, ,LEDN)

(53:56) Crypto Treasury Vehicles For Top 50

(01:01:05) Low Capital Market Crypto Liquidity

(01:03:15) Top Signals

(01:10:09) The End Game

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Disclaimer: Nothing said on Empire is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.