Zero Gravity Labs treasury company raises red flags for its $401M raise
The post Zero Gravity Labs treasury company raises red flags for its $401M raise appeared on BitcoinEthereumNews.com.
Zero Gravity Labs has raised red flags following the creation of a new Digital Asset Treasury (DAT) company intending to buy OG tokens. The NASDAQ-listed Flora Growth Corp. announced it would build a DAT based on OG tokens, the native assets of the brand-new Zero Gravity Chain. Altcoin treasury companies are still few, with most buyers focusing on ETH and Solana. In the past two weeks, NASDAQ-listed Flora Growth Corp. (FLGC) announced plans to raise $401M and buy an obscure asset, the new OG token. OG launched a few days ago, following an airdrop, and has already slid from a peak of $6 to $2.41. OG tokens launched just a few days ago, and have already shifted to a lower valuation. | Source: Coingecko OG tokens belonged to the recently launched Zero Gravity Blockchain. This was the first red flag for the new DAT company – while Flora Growth Corp. filed its plans on September 19 in an 8-K form, the actual chain launched two days later, on September 21. Flora Growth Corp. then announced plans to rename itself to ZeroStack and start stacking OG tokens as its main reserve. The second red flag was that OG tokens were barely traded, and the company built its entire DAT strategy on non-existent valuations. Did ZeroStack really raise $401M for the Zero Gravity Labs OG token? The main red flag for Flora Growth Corp. (a.k.a. ZeroStack) was the reality of the $401M raise. The amount of funding is much larger, even compared to DAT for well-established coins and tokens. With slowing demand, did the market really offer up $401M for the newly launched OG tokens? A brief analysis showed ZeroStack did not really attract fresh liquidity. OG Labs announced that it had raised $401M, but @mdudas point is valid, the actual fresh…
Filed under: News - @ September 30, 2025 8:30 pm