There isn’t much “signal” to read from that last column on the right, as every company in that cohort has a significant OPERATING business relative to its market capitalisation.
MSTR is the only pure play (op biz less than 2 percent of mkt cap, the rest is “bitcoin treasury”)
If you had a dozen OTHER (nearly) pure play “Bitcoin Treasury Businesses” then that chart would be valuable for comparison purposes.
Just sayin 😉
cmad / Chris
npub1yc…nx4rf
2024-12-21 20:52:57
in reply to nevent1q…p93f
Author Public Key
npub1ycxn4qst07x7yr6fwfe9nxd347ytpnz42n9r37tgrjxk2lsy8nps0nx4rfPublished at
2024-12-21 20:52:57Event JSON
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