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Vitalik Buterin says public companies that buy and hold Ether broaden the token\u2019s access to a wider range of investors, but cautioned on leveraging too heavily.<\/p>\n
Ethereum co-founder Vitalik Buterin has thrown support behind so-called Ether treasury companies, but warned the trend could spiral into an \u201coverleveraged game<\/a>\u201d if not handled responsibly.<\/p>\n In an interview with the Bankless podcast released<\/a> on Thursday, Buterin said the growing number of public companies buying and holding Ether (ETH<\/a>) was valuable as they expose the token to a broader range of investors.<\/p>\n \u201cThere\u2019s definitely valuable services that are being provided there,\u201d Buterin said. He added that companies buying into ETH treasury firms instead of holding the token directly gives people \u201cmore options,\u201d especially those with \u201cdifferent financial circumstances.\u201d<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n