According to @MilkRoadDaily, MicroStrategy is not only holding BTC but is actively monetizing its Bitcoin position through public markets. Investors are paying a premium to gain exposure to MicroStrategy due to Michael Saylor’s execution, access, and scale. This trend is now influencing new companies with ETH treasuries, which are structuring their crypto exposure to attract similar investor interest and market premiums (source: @MilkRoadDaily).

According to nic carter, the analysis by bewaterltd highlights notable parallels between modern Bitcoin access vehicles (DATs) and the investment trust mania of the 1920s. The post underscores that both vehicles facilitated broad market participation and saw rapid growth, often outpacing underlying asset value. For traders, this comparison suggests that current demand for DATs may lead to volatility and premiums over BTC spot, similar to historical closed-end fund trends. Monitoring DAT flows and market sentiment is essential for BTC trading strategies. Source: bewaterltd.