The Bitcoin treasury company market is very brittle, especially for the smaller (not MSTR) companies.
If you listen to Bitcoin influencers, they'll tell you that Bitcoin treasury companies found an 'infinite money glitch' - they short fiat, long Bitcoin and profit.
Do these influencers not realize that the rules of the game are written by the guys who own the banks and have vested interest in the currency?
Bitcoin treasury companies didn't beat the game, they are allowed to exist.
If the rulers raise the price of funding, increase optical and operational pain, they can blow most of them up in very little time.
With a few quick rule changes, leverage on Bitcoin can become a widow-maker for most of the smaller companies.
You can see scammy treasury companies like David Bailey's buying other treasury companies.
Nakamoto is buying Metaplanet and other treasury companies that are allegedly buying Bitcoin.
Nakamoto's shareholders are paying the salaries of every motherfucking influencer in the Bitcoin space 😂
I have a prediction to make: before long Bitcoin treasury companies will be buying Bitcoin ETFs that are allegedly buying Bitcoin.
