Bitcoin treasury companies shouldn’t exist

What should exist are companies that hold a certain amount of reserve or profits in Bitcoin rather than cash.

But do something. Build something. Not just “we exist to buy bitcoin by printing shares and selling retail a premium.”

The only “advantage” it has is relying on entities that are not allowed to buy and hold bitcoin directly (but those regs are already loosening big time), or those interested in its debt. Again, fiat gains. Short term…long term there’s no game here. It’ll be retail fomo at best.