1confirmation Founder: Ethereum's Institutional Ownership Structure Is Healthier Than Bitcoin's

BlockBeats News, August 24th, Nick Tomaino, founder of crypto venture firm 1confirmation, wrote that the "fatal flaw of Strategy is that Michael Saylor holds 10% of the company's stock but controls 45% of the voting rights, while the company holds 3.3% of the total Bitcoin supply. He appears on TV every day as a 'Bitcoin evangelist.' Wall Street obviously does not want him to get richer."

"In contrast, Tom Lee's stake is far less than Michael Saylor's, and companies like SBET, ETHZ, GAME are making progress without anyone monopolizing Ethereum holdings. This is also why Wall Street and the public will support ETH in a way different from BTC."