"From a low-key, circular podium in the middle of a lavish New York City event hall, Strategy executive chairman Michael Saylor took the mic and opened the Bitcoin Treasuries Unconference event. He joked awkwardly about the orange ties, dresses, caps and other merch to the (mostly male) audience of who's-who in the bitcoin treasury company world. Once he got onto the regular beat, it was much of the same: calm and relaxed,"
"Treasury companies are like Rockefeller's Standard Oil in its early years, Michael Saylor said: We've just discovered crude oil and now we're making sense of the myriad ways in which we can use it - the automobile revolution and jet fuel is still well ahead of us. Established, trillion-dollar companies not using AI because of "security concerns" make them slow and stupid - just like companies and individuals rejecting digital assets now make them poor and weak."
A high-profile Bitcoin Treasuries event featured a calm, metaphor-rich keynote that framed bitcoin and treasury firms as early-stage, transformative industries akin to crude oil's discovery. Treasury companies were compared to early Standard Oil, with bitcoin positioned as an emergent resource that will enable new industries. Established trillion-dollar firms avoiding AI for security reasons were portrayed as becoming slow and disadvantaged, while rejecting digital assets was said to lead to weakness. Corporate investment in bitcoin was described as evolving from defensive to opportunistic, strategic, and ultimately transformational. The STRC product was noted to mimic consols as irredeemable, perpetual debt issued at par with fluctuating yields.
Read at Bitcoin Magazine
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