2026-01-12 16:34:45

$BKKT pulled off something questionable today—diluting shares by 31.5% to acquire the CEO's pet company. That's the move.

Serious question though: what would this acquisition actually fetch on the open market? Realistically? Not a whole lot, I'd wager. Maybe nothing at all.

It's easier when your board is stacked with allies. Push whatever you want through. No friction. Classic playbook in crypto and beyond.

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WhaleWatcher

· 10h ago

31.5% dilution to acquire the CEO's private assets, that's a brilliant move... Basically, it's just moving money from one pocket to another.

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PhantomHunter

· 14h ago

This 31.5% dilution... Oh my, a classic self-trading play, a board full of their own people just like this.

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SmartContractDiver

· 14h ago

A typical crypto circle sweetheart deal, with the board full of insiders doing whatever they want.

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ContractFreelancer

· 14h ago

31.5% dilution to change the chairman of the toy company, this move is truly outrageous... The board is all insiders and does whatever they want, this is how Web3 is.

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LayoffMiner

· 14h ago

31.5% dilution to buy the CEO's own company? That's really outrageous.

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SillyWhale