Idle Bitcoin and yield-earning Bitcoin wouldn't be priced the same. Stacks co-founder Muneeb Ali says Bitcoin-generated income could help treasury companies earn higher valuations in public markets "There are a bunch of knobs where we can play a direct role. The first one is making Bitcoin productive." "If Bitcoin truly becomes a productive asset, I think it should get repriced, because it's a huge difference between, hey, this thing just sits on your balance sheet, versus, oh, this thing can actually earn you income." "One of the entities that has already deployed capital is Nakamoto, through their UTXO Management subsidiary." "Once Bitcoin treasury companies start doing it and they're actually showing income on their quarterly earnings, that completely changes how these treasury companies are perceived in public markets. So I do think, through our work, Bitcoin can actually get repriced."
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