The founder of Superstate's acquisition of a liquor company to transform and establish a Crypto Assets treasury plan was obstructed by a "poison pill" strategy.

On July 18, The Block reported that due to the implementation of a "poison pill" strategy, Superstate founder Robert Leshner's experimental hostile acquisition plan for a "low market capitalization" company—aimed at transforming its business into a crypto assets purchasing giant—seems to have been partially thwarted. On July 14, Leshner announced that he had acquired 56.9% of the company's shares through the open market, becoming the major shareholder of a liquor company named LQR House Inc. (stock code: YHC), which is described as having a "low market capitalization and a somewhat complicated history." The founder of Compound and Superstate stated at the time that he planned to change the board of directors and "help the company explore new strategies," including holding a significant amount of crypto assets. This move seems to be one of the increasingly common trends among publicly traded companies to establish a crypto assets treasury through equity and debt financing arrangements.