brock on Nostr: For the MSTR shareholders, ensuring that there is as little paper bitcoin as possible ...

For the MSTR shareholders, ensuring that there is as little paper bitcoin as possible is a fiduciary imperative. As Strategy’s entire business model is built on the superiority of bitcoin as a sound money asset - Saylor has a fiduciary duty to provide (as part of his products) proof that $MSTR bitcoins are truly a proportionate share of a hard 21M supply cap. Until Saylor makes this clear - shows proof that he has bought the bitcoins and that his custodians are not rehypothecating his bitcoins - he is in derelict in his fiduciary duties.

Love this accountability and hope that the bitcoin community does not relent. Until he builds this capability, Strategy shares should go to zero.

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The cracks are starting to show: