Edge One Capital has outlined its proposals for BuzzFeed, focusing on the necessity of changes to enhance the company's value.
Digital Asset Strategy
In its proposal, Edge One Capital highlights that BuzzFeed should establish a digital asset treasury strategy. This includes allocating part of its capital for investments in Bitcoin and Solana as part of creating a Digital Asset Treasury (DAT). Such a move would not only signal strategic foresight but also attract new investors from the crypto audience.
Need for Corporate Reforms
BuzzFeed's current corporate model has come under criticism for its dual-class share structure and lack of board independence. Edge One Capital urges reforms, including the abolition of this share structure and the appointment of independent directors with experience in digital finance and blockchain technologies. Questions about more transparent decision-making strategies are also raised.
Monetizing Intellectual Property
BuzzFeed possesses significant intellectual capital that remains underutilized. Edge One Capital suggests looking into the tokenization of digital intellectual property through NFTs and licensing brands for physical products. This would help unlock new revenue models and increase audience loyalty.
It is entirely possible that with the implementation of these innovations, BuzzFeed may shift from stagnation to revival, utilizing its immense growth potential.
