A New Investment Frontier: Dimitri Semenikhin's Shift from Beyond Meat to Crypto

Dimitri Semenikhin, a well-known retail investor, has recently shifted his focus from Beyond Meat to ETHZilla Corporation, a company that has transitioned from biotech to a digital asset treasury. This move comes after a significant rally in Beyond Meat's stock, driven by Semenikhin's investment and positive outlook. The investor believes that ETHZilla presents a unique opportunity, similar to his previous investment in Beyond Meat. He argues that the company's recent reverse stock split, which typically signals distress, is actually a bullish sign. This is because it reduces the share count, potentially boosting the stock price. Semenikhin's interest in ETHZilla is not just about the stock split. He sees value in the company's substantial holdings in Ethereum and cash, amounting to approximately $62 per share in liquid assets. He also expects the company's upcoming earnings report to reveal profitable results from its pivot to crypto. However, not all investors share Semenikhin's enthusiasm. The trend of companies pivoting to digital asset treasuries has raised concerns, with estimates suggesting that retail investors have lost billions chasing this trend. Yet, Semenikhin remains bullish, arguing that the volatility of digital assets makes crypto treasuries attractive.