Hello fellow treasury enthusiasts. I published an article that addresses the measuring systems we have for BTC Treasury performance. It is called the measuring problem and it directly addresses the marketing math we are continually promoted to use
You dont need a PHD to understand MSTR. You just need clean math. We havent had that until now.
Good Morning Strategy enthusiasts!
I wrote an article I think you will enjoy. It breaks down what Coffeezilla gets wrong and what most of tradfi cannot see.
You can't read the capital structure in the wrong language and expect it to make sense. Coffeezilla sees a perpetual motion machine. Saylor built a drag engine. The difference is which standard you're reading it on.
When you put the company on the Bitcoin standard it all makes sense.
https://btierney.substack.com/p/the-drag-engine?r=16lz85
Would love your feedback on the concepts expressed.
Have a great day!