PRIMATES GOING PUBLIC?: Yuga Labs CEO Garga And Animoca Brands Chairman Yat Siu Float The Idea Of An $Ape Public Treasury Company!

ApeCoin may be going public soon after Animoca Brands Chairman Yat Siu and Yuga Labs CEO Garga both floated the idea of an $Ape public treasury company that holds ApeCoin, similar to how MicroStrategy holds Bitcoin!

 

“The institutions are buying” is no longer just a meme. On Friday, Bitcoin soared to a new all time high of $118,000, largely on the backs of big banks, hedge funds, and accredited investors ape-ing in like never before thanks to the rise of public treasury companies that offer investors a new avenue to get exposure to Bitcoin through traditional markets!

 

 Seeing this, everyone from the swamp to Wall Street is taking notes and $Ape might be the next cryptocurrency to make it to the Squawk Box!

“Who would like to see an @apecoin $APE listed public treasury company,” Yat Siu tweeted yesterday. “@animocabrands has been involved in a number of  them most recently @ddcbtc_and @DigitalXLtd all of them have done well for $BTC like, comment, tag and RT and lets see if we can make it happen!”

 

 

Following Siu’s tweet, Garga took to the timeline, backing the idea and adding that the company should also join the Bored Ape Yacht Club!

“Personally, would love to see an $APE treasury company,” he tweeted. “Bonus points if it also buys and holds Bored Ape NFTs Should we make it happen?””

 

 

After Siu and Garga’s tweets, the Gazette reached out to BAYC member and MVCO Holding Company CEO Ryan Schadel to get his thoughts on the idea as someone who’s been in this type of business for a while.

“I was an early believer in what APE could become and the yuga ecosystem. MVCO took a huge position in APE and a few dozen yuga based NFTs. The challenges then would be a little different now,” he said. “The SEC was not having it. I think now it would be easier from a regulatory standpoint. The bigger issue is this, your average stock investor doesn't know what APE, ApeChain, BAYC, or Yuga is. I spent a lot of time trying to sell the idea but it just didn't attract many investors into it, including BAYC holders. MSTR bitcoin treasury works because Saylor is able to raise capital to buy bitcoin. Garga might be able to do it with APE, but if it’s not him its gonna have to be someone with a BIG following and a very clear vision for the company.”

At this time, nothing about an $Ape public treasury company is confirmed, and it’s only in the idea stage as far as this paper knows. But one thing is clear, BAYC members want to see it happen!

 

 

The Bored Ape Gazette will continue to follow this potential primate public treasury company and will let you know if and when it happens. Stay tuned for updates!