Bitcoin treasuries can earn more Bitcoin, says Willem Schroé

Willem Schroé, founder of Botanix Labs, believes that the growing Bitcoin reserves held by public and private companies (totaling 1.33 million BTC) will increasingly be put to work through lending and yield opportunities, fulfilling the desire for "more Bitcoin."

Schroé contrasts this potential with regulated spot Bitcoin ETFs, which hold nearly 1.7 million BTC but are legally prohibited from lending or rehypothecating their assets due to their structure as passive commodity trusts. Companies holding Bitcoin, however, are exploring yield strategies, similar to those seen on Solana.

Botanix Labs is building a non-custodial sidechain system to allow Bitcoin holders to earn yield without surrendering custody, unlike failed centralized lenders like Celsius. Botanix ties yield to network usage, similar to Ethereum staking, aiming to evolve Bitcoin from a passive store of value into a functional financial system, despite philosophical debates within the community about utility versus purity.

(Source：Cointelegraph)