The move by Saylor and MicroStrategies to park treasury assets in bitcoin was definitely a momentous event for Bitcoin.
Some in the investment community will righteously claim that the move is a signal of weakness, since Saylor couldn't find better uses of the funds for the core business; the funds should be returned to shareholders and not invested in speculative assets. Others (myself included) will counter that the treasury is there to buffer the business from economic uncertainties and to ride out any storms; the funds need to be parked where value will not be eroded.
The real issue is whether the parked funds are "safe." With Bitcoin's persistent ATHs, Saylor's detractors are biting their lips and waiting for the inevitable volatility and downturns. This will be followed by ridicule and likely shareholder lawsuits.
I'd be curious to see a good graphical visualization of the type, volume, and risk of the array of corporate treasuries to see what the landscape looks like, and how risky adding Bitcoin to the mix really is.
Does anyone know of such a visualization?