Part 8/11:
Viewing the broader market landscape, Lee highlights that the existing digital asset treasury space is still maturing. He discusses how institutional investors tend to focus on large, liquid entities like BITmine and MicroStrategy, which are traded actively and are present in major indices. He emphasizes that the trading volumes—billions of dollars daily—are critical for valuation premiums, similar to traditional stocks traded by major financial institutions.
He notes that the market still "pays attention" mainly to top-tier entities, with others perhaps trading at a discount or being overlooked. This creates arbitrage opportunities and market inefficiencies that can be exploited by savvy investors.