Part III · Bitcoin Treasuries · Chapter 3 of 14
Why Treasuries Hold Bitcoin
Cash as guaranteed purchasing-power loss, Strategy's evolution from MicroStrategy to Bitcoin treasury, and the public invention of the playbook.
Where this sits
Bitcoin Treasuries
Measure in Sats builds its argument the way geometry builds proofs: simple primitives first, then each layer cites the ones before it. This chapter is part of Part III — Bitcoin Treasuries. The full chapter is in the book; the chapter preview shows how all fourteen fit together, and the optionality layer and public explorer show the framework applied to live filing data.
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