I’m more concerned with Coinbase than MSTR specifically. Corporate and government custody has the potential to become a daisy chain of risk spreading…just like the banking system.

I’d like to see more of an effort to leverage these unique attributes of bitcoin to show the market that they actually have claim to a fully-reserved stockpile.

If I was Saylor, I also would believe the markets I am targeting would only value my entity more if I could show (on the blockchain) where my reserves sat. Regardless of the liabilities.

But I’m simply a toxic maxi wanting a bitcoin standard. Maybe I am wrong for barking up this tree. But I’m not gonna stop barking until this gap is addressed.

They’re claiming they are literally buying an entire year’s worth of new bitcoin issuance. More incoming. Their legitimacy matters.