Caleb Franzen
Caleb Franzen|1月 14, 2026 12:56
Saylor built a Bitcoin Treasury company. He literally took a software business and said, "we're going to become a financialized Bitcoin business and holdco to generate yield for shareholders and make them money." Their business, quite literally, is to acquire Bitcoin through a variety of financial channels that they've built. So when someone asks about how other Treasury companies, who are trying to replicate MSTR's business model to acquire a scarce asset with fixed supply, are going to compete against MSTR and their ability to acquire more BTC (at scale) than anyone else, the answer could've been very simple... "It's not my job to figure out how other companies are going to compete with us." It's literally that simple. Not "omfg you big dummy, how could you even ask something so idiotic lmao you cuck." For Bitcoin Treasury companies, it is literally a competition to acquire Bitcoin and have your stock price go up more than anyone else's. It creates a flywheel effect to create more demand for the stock, more demand for Bitcoin, and more demand for their various financial instruments to... you guessed it... buy more Bitcoin to reward shareholders. That's the game. Full stop. It's a competition. Don't let his abrasive response or "I'm so insulted" facade fool you.(Caleb Franzen)
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