1confirmation founder: The ETH institutional holding structure is healthier than that of BTC

ChainCatcher message, Nick Tomaino, founder of the crypto venture capital firm 1confirmation, stated on social media, "The fatal flaw of the strategy is that Michael Saylor holds 10% of the company's shares but controls 45% of the voting rights, while the company holds 3.3% of the total Bitcoin supply, and he appears daily in the media as a 'Bitcoin spokesperson.' Wall Street clearly does not want him to become richer.

In contrast, Tom Lee's shareholding is far less than Michael Saylor's, and companies like SBET, ETHZ, and GAME are making progress, with no one monopolizing Ethereum holdings. This is also why Wall Street and the public will support ETH in a way that is different from BTC."