Mm-hmm.

And I think MetaPlanet is 100% aligned with this thing's not going away.

It's not dead.

You know, frankly, when every, when, when the consensus on Bitcoin Twitter, uh, or crypto Twitter, you know, people that have spent 10 years doing nothing but talking about the asset every single day, when, when a majority of those people are saying, you know, it's over for strategy, and they're gonna market sell hundreds of thousands of Bitcoin, and, you know, Michael Saylor had $30 billion of Bitcoin, or Strategy has $30 billion of Bitcoin after all of its liabilities.

And the market three weeks ago said it's not worth credit card interest rates.

So, like, the, the market got a little ahead of itself.

Um, the bears got a little ahead of themselves.

Can you maybe respond to some of those critiques? 'Cause I know he's been debating with some of the Bitcoiners online, and, and he shared those beliefs on the show as well.

We'll see you in New York.

Um, and so Bitcoin's not a financial asset.

Um, in twenty-- Well, the, the, you know, Japanese version of, you know, the, the House or, you know, the Parliament, if you will, just basically approved Bitcoin to be a financial asset and also to kinda set the groundwork for future ETFs and, and a bunch of positive, you know, regulatory reforms.

And so, you know, up until this point, MetaPlanet's been basically the only corporate or institution, you know, seemingly crazy enough to allocate with serious sized conviction to Bitcoin.

Everybody else, like, you know, the regulatory environment hasn't... not hasn't allowed them, but, you know, big banks, financial institutions, they can't touch Bitcoin if it's not in a bucket that they are allowed to allocate to, right? So, so this is all very positive tailwinds for us.

Uh, you know, I think I remember pretty vividly back in the day, MSTR was trading at like a one point two or one point three times NAV, and everybody said, "Well, when IBIT comes out, you know, that's the end of MSTR.

There's no reason for the company to exist anymore." And what you saw was actually the opposite.

But is it all right if you give anyone who hasn't done much reading on it what the actual acquisition of the Type One license actually lets you do, what you couldn't before?