Treasury Firms Face Three Risky Paths Forward

[cryptoenthusiast]

Charles Edwards of Capriole Investments says firms trading below mNAV have only three options:
1️⃣ Sell their crypto (hurts assets & business)
2️⃣ Seek acquisition (reduces independence)
3️⃣ Leverage up to boost returns — the most dangerous route.
Edwards warns that rising leverage could amplify systemic risks across the sector.