According to Adam Back on X (twitter.com/adam3us/status/1921925633405263920), the emergence of 'bitcoin treasury squared' introduces a new arbitrage channel that targets the $100 trillion market opportunity arising from the transition of value from fiat currencies to a hyperbitcoinized future. This development is significant for traders, as it highlights a growing institutional trend of holding bitcoin on corporate treasuries, further deepening arbitrage pathways and liquidity in the crypto market. Market participants should monitor corporate adoption and related treasury strategies, as these shifts can drive increased bitcoin demand and volatility, directly impacting trading opportunities. Source: Adam Back, X.