Bitcoin treasury companies are products designed for old Wall Street fartheads who are too chicken to buy their own bitcoin and send it to cold storage . Or maybe are legally not allowed to. It’s a loophole that lets them “kinda” own Bitcoin. In 10 years, $100 of spot bitcoin bought today will be orders of magnitude more valuable than an equivalent amount of money in shares of any Bitcoin treasury company . So would you rather own a loophole, or the truth? Every dollar you spend on MSTR, 21 , Metaplanet, Semler scientific, or any other company , represents a huge amount of sats you could have passed down to your great grandchildren If you can’t realize this today, you’ve lost sight of ethos of Bitcoin. You have been consumed by your greed, by your lust for “number go up” Buy Bitcoin. Not a company that buys Bitcoin.