Tesla bull Dan Ives now chairs a company hoarding a Sam Altman-linked cryptocurrency. He’s not the only big name to enter the treasury race

Group 1 - The recent trend in the cryptocurrency market involves notable figures from various industries joining boards of digital asset treasury companies, which focus on accumulating cryptocurrency [1][3] - Dan Ives, a prominent analyst from Wedbush Securities, has been appointed chair of a small publicly traded company aiming to enhance its balance sheet with cryptocurrency [1][3] - Eightco Holdings has raised $250 million through a private share offering to acquire Worldcoin, a cryptocurrency associated with the project backed by OpenAI cofounder Sam Altman [2] Group 2 - The digital asset treasury companies are attempting to stand out in a crowded market, with 209 companies planning to raise over $145 billion for crypto treasury strategies since January [5] - The concept of crypto hoarding was popularized by Michael Saylor of Strategy (formerly MicroStrategy), who added Bitcoin to his company's balance sheet in 2020, leading to a surge in its stock price as Bitcoin's value increased [6] - There is a growing trend of treasury companies not only focusing on Bitcoin but also on other cryptocurrencies like Ethereum, Solana, and XRP [7]