Part 3/10:
So what exactly are Bitcoin treasury companies? Essentially, these entities seek to tap into traditional debt markets to acquire and hold Bitcoin, acting as a conduit for fiat currencies to flow into Bitcoin. Their operational model leverages capital market instruments, giving them the ability to generate yield while further accumulating Bitcoin over time. By utilizing structured financial instruments like equity, fixed income, and various forms of debt, these companies aim to maximize Bitcoin holdings without overly exposing themselves to traditional financial risks.