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Leon Wankum, bitcoin writer, crypto commentator and educator, and real-estate investor, argues that while bitcoin remains the best asset for self-custody, purchasing shares in companies like MTPLF at prices below the value of their bitcoin holdings represents a rare opportunity for value investors, especially during a bear market.
Wankum compares the merits of holding bitcoin directly versus investing in companies that hold substantial bitcoin reserves.
Wankum has previously noted that as bitcoin is adopted as a monetary reserve, corporate divisions tend to deprioritize traditional balance sheet preservation here. He has also highlighted bitcoin's function as collateral, emphasizing its use in financial trust and credit systems here. These views provide context for his comparison between holding bitcoin directly and investing in bitcoin-heavy companies.