Market Opportunity - US institutional capital ranging from $35 trillion to $60 trillion is currently restricted from investing in spot Bitcoin or its ETFs [1] - Legitimate BTC Treasury Companies are targeting this restricted market [2] - Companies that can create the most suitable securities for BTC exposure within existing mandates are poised for success [3]

The pool of capital demonstrating the highest demand for BTC exposure is money market funds, short-term T-bills, commercial paper, and USD bank accounts.Short duration capital with low/no lockup that has been yield-starved in real terms for decades.$32.9 trillion TAM.Dylan LeClair (@DylanLeClair_):The Preferred offering with the shortest effective duration looks to have had the largest initial IPO.Extremely valuable datapoint. https://t.co/JtnyDJh96c ...