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![TCY_Bull Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1889252181356019712.png) $TCY Bull [@TCY_Bull](/creator/twitter/TCY_Bull) on x 1047 followers
Created: 2025-07-14 01:57:03 UTC

$TCY thought

Say treasury could magically buy $5M $TCY at today's price $0.2244, thats 22.2M $TCY worth $5M

But what is better for treasury

Lets say then end up with 15M $TCY worth $5M
but the market cap is low $68M, and the asset then isn't as useful for the Thorchain ecosystem 

Lets say they end up with 5M $TCY worth $5M
but the market cap of $TCY is 3x about $200M
I would argue that that is far better for the thorchain ecosystem as much more can be built on $TCY then as it has the capital for a functioning lending market etc

And they can boast to the crypto world that $TCY is whole

Q. So I guess what is best for treasury?

A. To hold lots of a token with little use case, cause its. just not enough capital

B. Or a high value token, upon which the yield allows for a wide variety of products to be built, cause the overall market cap can make the markets function well

Cause either way the value of the treasury holding will be $5M

![](https://pbs.twimg.com/tweet_video_thumb/GvyGVO_WsAAQRCx.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1944576847918121377/c:line.svg)

**Related Topics**
[market cap](/topic/market-cap)
[$200m](/topic/$200m)
[$68m](/topic/$68m)
[$5m](/topic/$5m)
[$tcy](/topic/$tcy)

[Post Link](https://x.com/TCY_Bull/status/1944576847918121377)