🔥@Saylor ’s framework could give BTC treasury companies access to a much broader pool of capital seeking income in dollars. The structure connects different investor needs: 🔸Common equity absorbs more of the volatility. 🔸Preferred shares attract investors seeking income. 🔸An outer layer could combine those securities with cash and Treasury bills to support savings and payments. That creates a path for investors who would not otherwise buy BTC directly, but are willing to take on the associated credit risk, to help finance BTC treasuries. The economics still have to work: long-term returns must cover funding costs, and liquidity must hold up under stress. BTC itself generates no yield. Dividing risk into layers does not make it disappear. My view🎙️: markets may start pricing in that expanded funding capacity before the full financial system takes shape. If new financing consistently translates into additional BTC purchases, the framework begins to change actual supply and demand. Building the system takes time. Markets can price its potential much sooner.