Bitcoin is the first instantiation of digitally scarce capital—allowing companies to raise, deploy, and prove value faster than ever before.

In legacy finance, capital formation is a slow, friction-filled process. A company raises funds, deploys them over months or years into infrastructure, products, or real estate—and only then begins the long wait to see whether the capital generated a return.

This lag isn’t a bug. It’s a defining feature of the traditional system, built on physical constraints, regulatory overhead, intermediated trust, and long feedback loops. That system has not changed—until now.

Bitcoin is fundamentally different. For the first time,…

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