BTCS CEO: Frequent Disclosure of Cryptocurrency Holdings May Not Align with the Best Interests of Public Company Shareholders
According to ChainCatcher, Charles Allen, CEO of the Nasdaq-listed Ethereum treasury company BTCS, stated on the X platform: While cryptocurrencies emphasize real-time transparency, public companies typically follow a quarterly rhythm and are required to disclose major events within four days, as per current regulations.
Of course, public companies can choose to disclose information more frequently, as long as they avoid using GAAP metrics that require audit review. However, more frequent data disclosure is not necessarily in the best interests of shareholders, since the board has a fiduciary duty—after all, revealing all your cards while playing poker is not the secret to winning.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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