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Decentralized Finance pioneer Leshner invests in LQR House, triggering exploration of new capital operation models.
Decentralized Finance pioneers may lead a new round of capital operations
Recently, news about Compound founder Robert Leshner making a significant investment in LQR House has attracted widespread attention in the market. The Miami Beach-based liquor retailer has recently experienced drastic stock price fluctuations, which hide an intense battle for control.
SEC filings show that Leshner purchased approximately $2.03 million worth of shares, acquiring 56.9% of LQR House and becoming the company's largest shareholder. This move caused LQR House's stock price to double in the short term, but it also triggered a series of complex corporate governance issues.
Leshner has publicly stated plans to change the board of directors and explore new strategic directions, but this intention seems to have encountered resistance. LQR House subsequently announced a stock issuance, while the company's shareholder Kingbird Ventures LLC filed a lawsuit against the current management for misconduct. Meanwhile, market rumors suggest that the company may adopt a "poison pill" strategy to prevent Leshner's acquisition.
Despite facing numerous challenges, Leshner has still garnered support from some investors. A certain investment firm announced the acquisition of a 0.1% stake in LQR House and initiated a campaign against the current CEO.
Leshner chose LQR House as an investment target for several reasons: First, LQR House, as a listed company, already qualifies to enter the traditional capital market; second, the company's equity structure is loose, with a low threshold for controlling stakes; finally, LQR House has previously ventured into the crypto business, laying a foundation for future development.
It is worth noting that Leshner, in addition to being the founder of Compound, also founded Superstate, which focuses on on-chain funds and compliant tokenized assets. This may hint at his potential plans for LQR House.
LQR House may become Superstate's showcase window in the public market, providing a compliant secondary market channel for its on-chain products. This layout differs from simple corporate holdings; it attempts to embed on-chain funds and tokenized assets into the traditional financial system, creating a new model for the integration of Decentralized Finance and traditional finance.
The final outcome of this acquisition case is still unclear, but it will undoubtedly have a profound impact on the integration of crypto finance and traditional capital markets. Market participants are closely monitoring the developments of this situation, hoping to see more innovative capital operation models emerge.