The concept of bitcoin treasury companies, more aptly called leveraged bitcoin equities, is bitcoin + leverage = amplified bitcoin performance. Amplified is the operative term here. It is not only increased upside, but also increased downside. I remain skeptical of the long-term value of the equity of these businesses outperforming bitcoin, but in the short and medium term perhaps they can deliver higher returns. For the overwhelming majority of people, my recommendation is to stay away. Bitcoin in cold storage has delivered unbeatable returns over any long-term time period since its inception. Don’t get greedy. That said, this Company has serious heavyweight backing, both from the traditional finance world and within the bitcoin space. Jack Mallers is a winner and I believe he understands the global macro economy better than most. He is a long time bitcoiners and builder in the space. He is working towards hyperbitcoinization. I hope to see him succeed.
Scott Marmoll · December 12, 2025