Deleverage risk exposure on the treasury balance sheet

Background: During these months we had a lot of income and different transactions using the money at the treasury, and there hasn’t been a rebalancing transaction on line with our financial goals, and risk management profile.

Proposal:

• Convert ETH holdings which are not used for backing bets into stable coins
• Convert 1/3 of non NFT holdings into stable coins

Rationale: Our risk exposure to the crypto market has been generating a lot of volatily to the treasury, and generating a risk profile which is not best suitable for the company financial goals. Most of our liquid assets are concentrated on crypto rather than stable, and during these turbulent market periods, its better to safeguards the funds at the treasury and have a better performace on product development.