That infographic forgot to mention the fact that Strategy has a massive 540k BTC advantage over this company that just started. So if they want to frontrun Strategy they have a ton of buying to do, and guess what, the more other companies buy in order to overtake Strategy's leading position, the more Strategy will benefit since their BTC holdings go up, and the more convertible bonds and ATM they can do to buy more BTC and so follows. So MSTR is positioned to stay a leader, unless some Massive buying starts, and they would also prove to be able to survive an entire bear market as Saylor already did without blowing up. In fact Strategy's asset to liabilities ratio now are better than ever. So I think this is a all horses win race here, where it doesn't matter since BTC will go up and these companies will benefit, but I just don't see XXI surpassing MSTR as the leader in BTC proxies.