[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.]

![ManuelSamuel Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::121774846.png) Manuel Gomes Samuel [@ManuelSamuel](/creator/twitter/ManuelSamuel) on x XXX followers
Created: 2025-07-19 15:20:36 UTC

"MicroStrategy = Bitcoin SPAC” — @AswathDamodaran warns against firms shifting treasury into BTC. But his X carveouts are just rational pivots in a new paradigm: 
X. Savant-led firms (à la Saylor): rare, but valid when shareholder trust in timing skill exists.
X. Crypto-native ops: PayPal/Coinbase must hold BTC—it’s inventory, not speculation.
X. Currency-hedgers: LATAM firms (e.g., MercadoLibre) use BTC as inflation armor.
X. Governance matters: Shareholder mandates + full disclosure = preconditions.
Outside these lanes, BTC ≠ cash. It’s volatility exposure masquerading as treasury strategy.

#BTC #CorporateFinance #MicroStrategy #CryptoTreasury #Governance #Damodaran #Web3 #Bitcoin #Saylor #AssetManagement #FiatCrisis @FT
@WSJ


XX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1946591006490583256/c:line.svg)

**Related Topics**
[saylor](/topic/saylor)
[$raade](/topic/$raade)
[strategy](/topic/strategy)
[stocks financial services](/topic/stocks-financial-services)
[stocks technology](/topic/stocks-technology)
[stocks bitcoin treasuries](/topic/stocks-bitcoin-treasuries)
[bitcoin](/topic/bitcoin)
[coins layer 1](/topic/coins-layer-1)

[Post Link](https://x.com/ManuelSamuel/status/1946591006490583256)