The effort of removing stuff is actually more difficult than adding stuff ?

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Force finds a way.

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Michael Saylor, the founder and chairman of Strategy (formerly MicroStrategy), recently described their Bitcoin treasury approach as a “barbell strategy.” This draws from the classic investment concept of a barbell portfolio, where assets are allocated to two extremes—low-risk stability on one end and high-risk growth on the other—while avoiding the middle ground. In Strategy’s case, it’s applied to Bitcoin exposure: they engineer financial instruments to either mitigate BTC’s inherent volatility for more predictable, credit-like returns or amplify it for equity-like upside potential.

February 20, 2026