With multi billion dollar treasuries and 9 figure war chests, at this point your obligated to learn about the biggest buyers in the room
Brook does a great job explaining them here
I would add some more pros :
Eth treasury companies are currently generally. Unencumbered
They are increasing “Eth per share” without taking on more debt: they can’t be liquidated
compared to ETFs they can stake
So far no convertible debt—not necessarily a bad thing.
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