Trump advisor lost 99% on his Bitcoin bet, now he’s fighting to rebuild

The MicroStrategy playbook is a trap. Nakamoto Holdings followed the "buy and hold" strategy only to see its stock collapse 99%, forcing a desperate sell-off of 600 Bitcoin just to pay debt. With $80 billion in market value wiped out across the sector, the dream of the Bitcoin treasury is dead; these companies are now trading below the value of their own assets. Is the Bitcoin treasury model a legitimate strategy, or just a failed experiment in financial engineering? What’s your take?
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