The narrative of “pushing institutional adoption of crypto by doing treasury deals” is lazy and won’t fix the underlying issue we have. Crypto is not relatable yet for most. We need to make crypto relatable beyond pure speculation. We are selling ourselves short as an industry by peddling this product. How about less financial engineering and more crypto engineering; delivering crypto-enabled valuable products and services to more users. Make companies more operationally efficient with crypto. Play the long game. It’s harder but the payout is greater Treasury deals are short term and net value destructive. It won’t push this space forward when NAV premium gets crushed.