The entire idea of "Bitcoin Treasury" companies is absurd.
Satoshi would absolutely disapprove.
What we really need is Bitcoin ETFs that you can exchange for actual Bitcoin.
Custody. Not mNav. Not btc yield. Not Bitcoin Banks.
There is nothing "peer to peer" about MSTR, MSTY, STRF, STRK, and STRD.
These are all just mutant financial creatures.
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