On Sept. 16, real estate investor Grant Cardone warned that the “day of Treasury BTC mania is over,” cautioning firms against copying Michael Saylor’s Bitcoin treasury strategy without having a functioning business as a foundation. In a post on X, Cardone said Saylor built MicroStrategy into the largest corporate holder of Bitcoin because it had “a real business, real products, real sales, customers & cash flow.” Without those elements, he warned, companies may not be able to sustain a similar strategy. R ...