A look at the rise of "pure play" bitcoin companies like Twenty One, as the stock market is paying far more for crypto exposure than the crypto market itself is (Matt Levine/Bloomberg)

Matt Levine / Bloomberg:
A look at the rise of “pure play” bitcoin companies like Twenty One, as the stock market is paying far more for crypto exposure than the crypto market itself is  —  Twenty One, Trumpcoin dinner, KKR empathy, carry on co-investments and quantitative analysis of hockey.  —  Project Mystery