Treasury Firms all know where they are heading: mNAV <1. Their solution? Just listen to Simon... cause all of these firms are going down the same path: Prefs... not gonna happen... MSTR already sucked them dry and there is no appetite as the discount shows. So, it will come back to buying back shares... but with what? Right... their assets... by selling #bitcoin... driving the price even lower... collapsing the mNAV even further. Causing a race between the firms who can go first. Watch "Margin Call". Watch "The Big Short". We will see Bitcoin below 1,000 USD and ETH below 100 USD when this shitshow is in full swing.(Dr. Julian Hosp)