3 names get thrown at every Bitcoin treasury company. FTX. Celsius. BlockFi.
The answer given on tape is structural rather than defensive. Those were private platforms holding customer deposits. These are public companies filing every week, with balance sheets anyone can pull up.
The point pressed further is that very few companies talk about their own business this often, and the stated preference is to tell the whole world about it every day.
That is the argument. Transparency is the differentiator, and it is checkable.
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