Nauseating levels of Saylor-imitating Bitcoin treasury companies at this point.
They may do well in the bull market… but there will be extreme wreckage during the subsequent bear market.
Regular...
Why would they get rekt if they are following the Saylor playbook and not taking on secured debt or leveraging over 30%?
They are doing what rational people would do if they had the ability to raise capital like corporations can.
They are doing what rational people would do if they had the ability to raise capital like corporations can.
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