The underlying asset of micro strategies is BTC, which has intrinsic properties that are unrelated to other bulk assets, naturally providing the advantage of asset diversification for institutional investment portfolios. The underlying cryptocurrency stocks, which consist of ETH and other altcoins, are highly positively correlated with Nasdaq's small tech stocks and do not have the intrinsic attribute of BTC being correlated with other bulk assets. Institutions do not have a long-term allocation demand and are classified as short-term speculation of junk assets, which belongs to rat poison ^ 2