Are Bitcoin Treasuries a Black Hole or Just Bog-Standard Blunder?
There are, as it turns out, 205 listed Bitcoin treasury firms vying for our attention. But their sparkle has dimmed faster than a slip-on with no handle – with several market net asset values slipping faster than a panicked astronaut on a greased airlock. However, alongside this rash of depreciation, a certain “smart money is getting craftier than your average Vogon accountant,” according to a maverick Bitcoin treasury executive.