This was a great slide in @saylor's STRD ATM presentation this morning. It clearly shows how bitcoin treasury companies are meeting the market where it's at, by offering securities that align with how today’s financial system is currently structured. In my opinion, most investors still don’t truly understand bitcoin, and most capital is passively flowing into almost everything but bitcoin. Bitcoin treasury companies are issuing securities that redirect that capital flow. They’re opening the waterfall from traditional assets into bitcoin.