Since I wrote a thread in July, the rise of Bitcoin treasury companies has continued, all promising to be the next @MicroStrategy.
But they're not @saylor. To attract investors and deliver returns beyond financial engineering, they need something new.
There's only one path forward: trustless Bitcoin staking via @Coredao_Org. This not only offers passive yields but also significant upside through the yielded $CORE tokens.
"What do you mean?"
Some will stake their Bitcoin just to earn extra $CORE. However, the savviest treasuries will stake both $BTC and $CORE to earn 6% in yields.
This means Bitcoin treasury companies will eventually transform into $CORE treasury companies—either by buying $CORE directly or by borrowing against their staked Bitcoin to purchase and stake more $CORE.
FYI: Bitcoin treasury holdings have surpassed 800K $BTC. And upside is still crazy.
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