MicroStrategy is an outlier…they’ve got Saylor and conviction. Most institutions are stuck with:

• Broken accounting rules (impairments but no upside).

• Regulatory fog.

• Shareholder fear.

• ESG pressure.

But make no mistake: they’re coming in sideways.

• BlackRock ETF (IBIT)

• Fidelity in 401(k)s

• BNY Mellon offering custody

• Texas talking reserves

Bitcoin is being adopted the only way institutions know how: slowly, quietly, and with suits on.

You don’t need permission. Stack while they strategize.