If the company that owns the most bitcoin ends up becoming a different company, your theory changes correct?

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Yep

What if its someone like Coinbase in the future?

Cry and call it a good run?

Becoming the company with the biggest balance sheet is just phase 1

Phase 2 will arguably be more exciting

People unironically be like β€œso what happens when they can’t borrow fiat anymore to buy bitcoin, huh? What will they do then?”

Answer: with over 1M BTC they can do anything they want.

MSTR is becoming a shadow central bank. Few

Few indeed

Yessir