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Net loss in share value? I think you are making up the narrative you want here. Don't you think there are other reasons for Tesla's stock price fluctuation?Two things to note on your list.
The public companies listed (with the exception of Tesla) appear to be specifically built to "trade" Bitcoin, and nothing else.
Secondly, Bitcoin holdings as a percentage cannot be computed.
As an aside, Tesla's bitcoin holdings have produced a net loss in the company's share value, and drawn SEC attention. Hardly the sort of performance a Mom & Pop retail investor will tolerate.
https://dcfinvesting.substack.com/p/tesla-fair-value
Look at Microstrategy. Their share price skyrocketed when they started putting Bitcoin onto the balance sheet, unrelated to their business. Their investors are more than okay with it.
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