LQR House price

Is this when the $YHC saga begun? Looks like they did not follow up with it. They could have made crazy money. Hope Leshner takes over.

"From Compound to Opening Bell: Leshner Uses $2M to Leverage On-Chain IPO Experiment" @rleshner (Founder of Compound & Robot Ventures) has recently made headlines: He spent $2.03M to acquire a 56.9% stake in the Nasdaq shell company LQR House ($LQR, community shorthand $YHC), and through his company Superstate, he is building on-chain compliant securities on Solana, starting to advance the "on-chain stock market." This is not just a simple shell arbitrage; it is an experimental narrative connecting DeFi × RWA × TradFi. Shell acquisition + On-chain infrastructure integration On July 14, Leshner submitted a 13D filing to the SEC, officially taking control of $LQR, a company that previously engaged in online liquor retail and now has virtually no actual business, with negative net assets, essentially a shell. He bought in at an average price of ~$3.77, with a market cap of only $2.5M, directly acquiring controlling interest, planning to clean up the board and reshape the direction (including a BTC treasury and on-chain securities). This is not his first exploration of TradFi. Superstate is an RWA asset management company he founded in 2023, raising $18.1M, with investors including Distributed Global, CoinFund, Galaxy, Arrington, and others. It has two main products: $USTB: An on-chain T-bill fund, AUM > $700M, growing rapidly, supporting ERC-20 liquidity transfers. $USCC: A carry-based fund, structured as USD cash + T-bill + crypto basis trade (BTC/ETH), sharing clearing/auditing/on-chain infrastructure with $USTB. Combined AUM of ~$856M, all aimed at qualified investors, following the route of "compliant on-chain asset management." Opening Bell: The Nasdaq of On-Chain Securities In May 2025, Superstate will launch Opening Bell: a native on-chain issuance + trading platform (based on Solana), supporting the full process of U.S. stock-style securities (no packaging, no synthetic). Support for: Full on-chain shareholder registration, auditing, compliance tracking. Direct issuance of on-chain original shares (SEC filing), supporting secondary trading. Building a composable financial layer (such as token dividends, stock collateral, etc.). $LQR may serve as the first "real-world" shell injection vehicle for Opening Bell, becoming a pilot for on-chain IPO + merger experiments. As @MapleLeafCap said: this is a proof-of-concept for the fusion of "shell companies + tokenization + SEC compliance." Completing the Last Piece of the RWA Puzzle The market has always had on-chain bonds (T-bills) as RWA, but on-chain equity has been a gap. Now, Superstate has completed the bootstrapping of "native on-chain securities" using TradFi tactics (13D control of the shell) + DeFi infrastructure (Solana, tokens, on-chain clearing and settlement). This is different from traditional tokenization: it is not about packaging traditional stocks into on-chain tokens, but about issuing original equity directly on-chain, trading on-chain, and ensuring compliance on-chain. The potential financial stack will become: stock registration → stock token → account opening + compliance → investment/trading → integration into the DeFi system (lending, LP, options, automatic dividend distribution). If this stack works, it could bring a "new entry point with a trillion-level TVL." This is not just a narrative; this is an offensive move. From Compound to Superstate, Leshner has been building the on-chain native version of finance. This LQR acquisition is a direct move by crypto natives to engage in financial infrastructure, balancing compliance, market, technology, and asset structure. If this succeeds, Opening Bell could become the on-chain alternative to Nasdaq. If successful, it provides another key for many founders looking to gain liquidity in U.S. stocks. Is there another way to trade crypto stocks?

Ok sol fighting back, fairs

Thanks for the 300%+ play king

Alright, I see some of you degens figured it out 🤣 $YHC on chain gonna flip the stock market cap soon lmao