Robert Leshner, CEO and co-founder of the tokenization firm Superstate, said he bought a predominantly public stake listed in e-commerce retail LQR House alcohol (YHC)planning to have the embattled company.
Leshner bought a 56.9% stake control at the firm for $ 2.03 million, according to a document Filed in Sec. The transition sent LQR shares up to 45% on Monday of trading.
The LQR House runs CWSpirits.com, an online selling a set of premium wine products. In November, the firm Damn Bitcoin
As a Treasury owned, approval of a up to $ 1 million allocation of BTC and enabling crypto payments on its platform.
In a post on xLeshner said he did not conduct a “extensive hard work” in the company, which he described as having “somewhat shady history.” The company’s sharing price has fallen over 90% since March.
However, his intent is clear: clean house and the business can be overhaul.
According to the SEC filing, Leshner plans to remove all current directors and install a new board to pursue “strategic alternatives” and “explore potential for strategic transactions.”
“There are signs that the company is up to no good,” Leshner said in his post. “I am fixing them, but please be careful with any low -market cap companies.
“I can lose all my investment and you can, too,” he added.
It is not immediately clear if Leshner has any plans for digital assets in his circular plans. However, the acquisition fits into a growing trend of well -known figures in crypto circles that take the rudder of companies that are publicly exchanged.
Joseph Lubin, Ethereum
Co-founder and CEO of Development Firm Consensys, became Chairman of Sharpink Gaming (SBET) When that company is pivoted with an ETH treasury approach. Thomas Lee, head of research on Fundstrat and well -known commentator on Wall Street, joined Bitmine Immersion Technology (BMNR) As chairman to lead the company’s crypto plans.
Leshner is a founder of early decentralized finances (Defi) Lending Protocol Compound
Before focusing on the asset tokenization with a superstate.
