Robert Leshner, CEO and co -founder of the Superstate Tokenization firm, said he bought a majority participation in the electronic commerce liquor retailer that is quoted on the bag House (YHC)planning to review the company in conflict.
Leshner bought a control participation of 56.9% in the company for $ 2.03 million, according to a document presented to the SEC. The measure sent LQR shares up to 45% during Monday’s negotiation.
LQR House runs cwspirits.com, an online seller of a range of premium liquor products. In November, the firm embraced Bitcoin
As a treasure asset, approving a BTC allocation of up to $ 1 million and enabling cryptographic payments on its platform.
In a publication about X, Leshner said it has not carried out an “extensive diligence” in the company, which described as a “somewhat gloomy story.” The price of the company’s shares collapsed more than 90% since March.
Even so, its intention is clear: Clean House and Business Review.
According to the presentation of the SEC, Leshner plans to eliminate all current directors and install a new meeting to search “strategic alternatives” and “explore the strategic transactions potential.”
“There are signs that the company has nothing good,” Leshner said in its publication. “I will solve them, but be very careful with low market capitalization companies.
“I can lose all my investment and you could too,” he added.
It was not clear immediately if Leshner has any plan for digital assets in his response plans. However, the acquisition conforms to a growing trend of prominent figures in cryptographic circles that take the rudder of companies that are publicly negotiated.
Joseph Lubin, Ethereum
The co -founder and CEO of the Consensys Development Firm became president of Sharplink Gaming (Sbet) When that company turned to a treasure strategy ETH. Thomas Lee, Chief of Research of Fundstrat and well -known Wall Street commentator, joined Bitmine Immersion Technology (BMNR) as president to lead the firm’s cryptographic treasury plans.
Leshner was the founder of the first decentralized finances (Defi) Loan protocol compound
Before focusing on asset token with the supersed.
