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Author Topic: A quick comment on the 'crypto treasury' concept....  (Read 36 times)
The Sceptical Chymist (OP)
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June 13, 2026, 08:19:02 AM
Merited by Charles-Tim (1)
 #1

It's the biggest load of excrementitious nob-gobblery I've ever witnessed come out of presumably intelligent human beings' brains.  Go ahead and ask me what I really think.

Here is a particularly retarded example, Leap Therapeutics.  From the main page of their website:



All good for a small drug design biotech company, right?  Cancer's their goal, and that's a noble one.  But then you scroll down and look at the news releases:



Most of it is about fucking ZCash!  Do the people who make the big bucks in the corporations with crypto treasuries even know what a mission statement is?  Doubtful, but someone ought to teach them and at the same time suggest they might not want to stray too far from it.
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But the most egregious example of this crack-brained corporate chicanery is Nakamoto (formerly known as KindlyMD).  If you read what's written on the page linked there, you'll see a bunch of jargony, buzzword-filled cryptobabble that should still leave you asking what the fuck the company actually does aside from owning bitcoin.  But take a closer look at the news section--in particular a press release from 5-20-25.  It's obvious at a glance that Nakamoto just wants to swallow up KindlyMD as though it were the key to bitcoin nirvana.  And KindlyMD?



Following the link to www.kindlymd.com from that screenshot brings us here:



Well fuck all of that medicine practice and helping patients--take two bitcoin and



FUCK THESE CRYPTO TREASURY COMPANIES.

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Sobz
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June 13, 2026, 08:53:02 AM
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This is no longer a healthcare company; there is a big shift from the biotech company. It is only disguising itself as a healthcare company but is a crypto fund. I think they lack transparency. It would have been better if the primary focus were on health, or if they wanted to go into crypto completely, they should have opened up completely.
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