Superstate CEO Robert Leshner Buys Majority Stake in 'Shady' Liquor Vendor With BTC Strategy
2025-07-14 16:17:09
Main Idea
Superstate CEO Robert Leshner acquires a majority stake in LQR House, a struggling liquor vendor, aiming to overhaul the company, which led to a 45% surge in its stock price.
Key Points
1. Robert Leshner purchased a 56.9% controlling stake in LQR House for $2.03 million, causing its stock to rise by 45%.
2. LQR House operates CWSpirits.com, an online liquor seller that adopted bitcoin as a treasury asset and enabled crypto payments.
3. Leshner acknowledged the company's 'somewhat shady history' and significant stock decline but plans to clean house and overhaul the business.
4. LQR House's stock had plummeted over 90% since March prior to Leshner's investment.
5. Leshner, a DeFi pioneer, founded Superstate, a tokenization firm, before this acquisition.
Description
Robert Leshner, CEO and co-founder of tokenization firm Superstate, said he bought a majority stake in publicly listed e-commerce liquor retailer LQR House (YHC), planning to overhaul the embattled company. Leshner purchased a 56.9% controlling stake in the firm for $2.03 million, according to a document filed to the SEC. The move sent shares of LQR up as much as 45% during Monday trading. LQR House runs CWSpirits.com, an online seller of a range of premium liquor products. In November, the firm...
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