BTW, I framed this as a primarily "shitcoin" thing, but truth is most bitcoin treasury companies are bailing out bad crypto venture capitalists too Blockstream has raised over half a billion dollars in VC, but never shipped any successful products. $BSTR is the VC exit strategy

@notgrubles Another example is Swan From my understanding, they were months away from bankruptcy. Now they are getting in PIPEs, creating pump groups and shilling tickers nonstop along with narratives like "BTC yield" "mNAV" "flywheel" and all kinds of other garbage.