Since joining Naka, it's kind of interesting because I actually have been quite the naysayer about Bitcoin Treasuries is just this overall strategy. I know that sounds like an insane statement because we raised a lot of money to buy Bitcoin and we did exactly that. The way I look at it is treasury is the foundation to doing something bigger. That's exactly why I liked Nakamoto from the beginning. Their thought process was different. From day one, they said, we're planning on rolling in these operating businesses. And so I think, you know,

we all believe in Bitcoin. We all believe that Bitcoin has and will continue to shape the financial

infrastructure of the future, right? But just holding Bitcoin is not enough. As a NASDAQ listed

company, you really need a strategy that has businesses with reoccurring revenue

and the planet to grow. The market will have to adjust and evolve, just like they have in the past,

for how to think about a Bitcoin operating business that is specific to Bitcoin. And this isn't new.

Like, we're not like, this happened, like you said, with miners. This happened with,

like even at Galaxy, right? Like, it was like, Galaxy is a diversified crypto business. We're a

diversified Bitcoin business. And so it's hard to think about who the pairs are that you would

like mark yourselves against. My expectation is that we'll be looked at as a sum of the parts.

And that's like how we're thinking about presenting financials, right?

So you can see like how each business line did and then judge us based on that.

Our job is to just really build a company that provides shareholder value year over year and quarter over quarter.

And that's what we plan to do.

Hey, welcome back to the Blockspace podcast presented by CleanSpark, more on them during the show.

In this audio-only exclusive, we are joined by Amanda Fabiano.

She is the CEO of Nakamoto Holdings, which just executed on a large transaction to bring BTC Inc,

the parent company of the Bitcoin

Conference and Bitcoin Magazine, plus UTXO management and Bitcoin for corporations inside

Nakamoto. While this has been telegraphed for a while, ever since David Bailey raised

for Nakamoto, the actual transaction only executed this week. There's a lot of questions on X and other platforms

around how his transaction was actually executed and what it means for NACA shareholders going to

...