I mean. Treasury companies is again us humans trying to beat the system: once one understands incorruptible, inconfiscatable scarcity, it might make sense for many to try to get advantage of the fiat system by stepping closer to the money printer (Cantillon by access to investment-grade cost of capital) and use free fiat credit to try to acquire more of the scarce asset.

The problem: that contributes directly to credit expansion and hence debasement of fellow humans.

But hey, if I had been given the chance, I might as well had taken it.

To my very limited knowledge only Mallers and XXI is stating they would also invest in protit-making ventures. Curious to see how that plays out. BTC as hurdle rate is extremely hard to beat.