Well, that's the last WBD with Saylor. I'm still trying to understand what his point is. Danny is trying to ask what the value proposition is for companies that previously did not exist but now have no apparent business model other than to accumulate bitcoin and pay debt off with the gains. I think Saylor is trying to say that the value comes from how that bitcoin is deployed, but admittedly, today there is no clear narrative of what companies can and should do with their accumulated bitcoin. If the sole purpose is to pay of debt wjth gains, that fundamentally seems wrong.
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Fountain
What Bitcoin Did • Michael Saylor | The Bitcoin Treasury Debate Gets Heated • Listen on Fountain
Michael Saylor joins the show for a conversation on Bitcoin, power, and the treasury company playbook. We recap 2025 and look forward at 2026 with ...

