1. Significant Growth in Bitcoin Treasuries

Shirish noted that when his company started, it was the first Bitcoin treasury company and only about 70 public companies were holding Bitcoin. Fast forward to today, and that number has more than doubled to over 150. This rapid growth signifies a broader acceptance of Bitcoin among corporations and indicates a pivotal shift in how public companies are viewing Bitcoin as part of their treasury strategy.

2. Evolving Investor Relations Practices

Shirish emphasized the increased importance of investor relations (IR) for companies now engaging in Bitcoin investments. He explained that instead of sticking to traditional quarterly communications, the firm communicates updates frequently, sometimes as often as every week. This shift is necessary to keep investors informed in a fast-moving digital asset environment, showcasing a clear change in how companies are handling investor engagement.

3. Development of New Evaluation Metrics

Shirish mentioned that they have introduced new metrics for evaluating Bitcoin investments, highlighting that the 'Bitcoin count' and 'Bitcoin yield' are crucial for investors. These metrics not only help gauge performance but also assist in the overall understanding of corporate strategies in the evolving treasury landscape. They represent a significant step toward standardization in measuring Bitcoin's corporate financial performance.

4. Innovative Acquisition Strategy

Shirish detailed their approach to acquiring Bitcoin, stating that they operate continuously in the market without moving the prices significantly. This strategy allows them to buy Bitcoin discreetly while maintaining market stability, which demonstrates the importance of planning and liquidity management in maintaining a competitive edge within the crypto treasury space.

5. Cultural Shift Towards Bitcoin Adoption

According to Shirish, the fair value accounting rule change has been incredibly beneficial for companies like his, allowing them to recognize Bitcoin appreciations in real-time. This change has positioned his company among the top ten in operating income in the U.S., illustrating the significant positive impact that regulatory adjustments can have on corporate treasury strategies centered around Bitcoin.

6. The Concept of 'Team Bitcoin'

Shirish mentioned that he sees the community of companies adopting Bitcoin not as competitors but as part of 'Team Bitcoin.' He argued that the goal should be collective adoption rather than competition, emphasizing that when more corporations adopt Bitcoin, the overall value and acceptance will increase. This collective approach can drive more companies to explore Bitcoin as a treasury option, benefiting all parties involved.