Many of the bitcoin treasury companies have raised large sums of money, but they are not able to purchase bitcoin yet. These deals have funding that is contingent on closing. For my deal, we were able to design a structure that allowed ProCap BTC, LLC (private company) to accept the funding immediately and start buying bitcoin. The bitcoin sits in escrow until the closing of the proposed business combination. Small detail but an important one. CCCM is one of the few bitcoin treasury companies that recently raised capital with the ability to offer equity investors exposure to bitcoin now instead of waiting to buy bitcoin later. We have purchased 3,724 bitcoin so far through our on-going bitcoin purchase program. Bitcoin is the new hurdle rate. If you can't beat it, you have to buy it.