Without Operational Alpha, Bitcoin Treasury Company Premiums Will Collapse

coindesk.com/opinion/2025/07/07/without-operational-alpha-bitcoin-treasury-company-premiums-will-collapse

Listed companies are rapidly transforming into bitcoin treasury vehicles, raising capital to buy BTC and hold it on their balance sheets. With bitcoin increasingly seen as a potential global reserve asset, gaining institutional traction and strong price expectations, this trend might…

This story appeared on coindesk.com, 2025-07-07 17:03:14.
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