Newer BTC Treasury firms untested in bear market: Max Keiser
Max Keiser expressed skepticism about newer Bitcoin treasury companies' ability to maintain financial discipline during a bear market, contrasting them with Michael Saylor, who has consistently accumulated Bitcoin without selling during downturns. Keiser noted that the new companies have not yet faced such market conditions. Saylor's firm continues to attract significant investment, leading to the emergence of numerous copycat companies. Analysts predict that corporations could own over 50% of the total Bitcoin supply due to this trend. Following a surge in Saylor's company's stock price, several firms, including Strive and Trump Media and Technology Group, announced plans to adopt Bitcoin treasury strategies. Metaplanet's shares are trading at a significant premium, raising concerns among analysts about the sustainability of these high valuations.
