Opinion: Public Companies Face Capital Reallocation, Traditional Firms Without a Bitcoin Strategy May Be Left Behind

David Bailey, President of Bitcoin Magazine, stated on the X platform that every time a company adds Bitcoin to its corporate treasury, it effectively eliminates a traditional company that does not hold Bitcoin. Today, corporate liquidity is essentially Bitcoin liquidity, and companies that do not participate will face "death." In response, Adam Back, co-founder and CEO of Blockstream, commented that companies adopting a Bitcoin treasury strategy are eating the "lunch" of publicly listed companies. If you ignore the greatest arbitrage opportunity of the century, capital reallocation will leave you behind—this is truly not a choice.