Buy a public company together.
Pen is a new onchain mechanism to launch a community treasury and buy public companies together. Pick a company under $30M market cap. Launch a coin to acquire it.
FIRST A plan for community treasuries to pursue public-company stakes.
Company coins
Every coin has one job: grow a treasury big enough to buy into its target company.
How it works
Two decisions to start. The community does the rest.
Pick a public company
Any listed company under $30M market cap. Small enough that a community treasury can own a real piece of it.
Launch a token to acquire it
One coin per company. The ticker, the target and the treasury are public from day one.
Grow the treasury
Contributions and trading fees flow into one onchain treasury. Anyone can watch every dollar.
Buy the shares
Authorized humans would buy stock through an entity-owned broker, milestone by milestone. No trades are active.
Launch a company coin
Plug in a company and see what it takes to own it. Preview only: nothing is launched from this page.
1 ยท The company
Enter a ticker to check live company data.
2 ยท The coin
What it takes
Milestones at 5%, 10%, 25% and 51% of the company. A stake above 5% can trigger disclosure; counsel must assess each milestone.
Why under $30M
Small caps are the only companies a community can realistically own. The numbers, before any price movement:
| MARKET CAP | 5% STAKE | 25% STAKE | 51% TARGET |
|---|