[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]

![fundstrat Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::2648357839.png) Thomas (Tom) Lee (not drummer) FSInsight.com [@fundstrat](/creator/twitter/fundstrat) on x 426.2K followers
Created: 2025-07-17 18:33:19 UTC

🧵
1/
On DAT* and BTC/ETH Treasuries  
*post has consent from @saylor  

CASE STUDY: $MSTR created the template for crypto treasury.

- since 2020 start of $BTC strategy, @MicroStrategy
- stock gain from $XX to $XXX

QUESTION?
How much is due to BTC rise vs treasury strategy
$BMNR @BitMNR

![](https://pbs.twimg.com/media/GwEoVn1WUAINoAN.jpg)

XXXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1945914730469609961/c:line.svg)

**Related Topics**
[bmnr](/topic/bmnr)
[mstr](/topic/mstr)
[$btc](/topic/$btc)
[$mstr](/topic/$mstr)
[strategy](/topic/strategy)
[stocks financial services](/topic/stocks-financial-services)
[stocks technology](/topic/stocks-technology)
[stocks bitcoin treasuries](/topic/stocks-bitcoin-treasuries)

[Post Link](https://x.com/fundstrat/status/1945914730469609961)