BitMEX Research: High fees for cryptocurrency holding companies, long-term damage to shareholder returns According to a report by Golden Finance, examples compiled by BitMEX Research on the "most notable" advisory and asset management agreements for cryptocurrency holding companies show that Bitcoin holding companies, including Anthony Pompliano's Nasdaq listed company BRR, are on the list. This newly listed company has announced a $750 million transaction, which will allow shareholders to pay 5% of its issued share capital, plus a portion of the profits from the rise in Bitcoin, during the 10 day closing process of the transaction. According to BitMEX Research, these profits will be absorbed by Inflation Points Inc., founded by Pompliano. The fees of other cryptocurrency holding companies are equally staggering, and these fees will slowly drain cash from companies that promise long-term value to investors. On the balance sheets of many publicly traded companies, there are digital assets worth billions of dollars, but these companies have disclosed that they will pay advisors and asset managers base fees of up to two or three digits per year for several years. In April and May, large-scale cryptocurrency acquisitions attracted investors who were willing to pay high premiums for these listed companies. However, looking ahead, these persistent and expensive expense structures will drag down shareholder returns.