What You Should Know
- Robert Leshner, CEO of Superstate, has taken over a controlling interest in the liquor marketplace LQR House, with the goal of implementing significant changes to its operation.
- Following the announcement, LQR House’s shares rose by 45%.
- The company had previously revealed its plans to incorporate up to $1 million in Bitcoin as part of its treasury and enabled crypto transactions on its platform.
Leshner disclosed he acquired a 56.9% share of LQR House for $2.03 million, as noted in a SEC filing. The significant acquisition lifted LQR’s share price during trading hours.
Robert Leshner, CEO of Superstate
In a recent statement, Leshner expressed plans to replace the current board of LQR House and explore potential strategic alternatives to rejuvenate the business strategies. Despite the firm’s current challenges, he seems determined to reform its direction amid caution regarding low market cap companies.
Joseph Lubin, co-founder of Ethereum, also made headlines by taking a leadership role in another firm that adopted a cryptocurrency strategy. This trend illustrates a growing involvement of crypto experts in the management of publicly traded entities.
Please be cautious and aware that investments could involve risks.
