Strategy pivoting into a $BTC treasury play, credit biz, or both?

Watching MicroStrategy's playbook evolve. They've been stacking sats like it's their religion, but now the credit angle is getting louder. Are they turning into a hybrid—Bitcoin treasury on one side, lending/credit infrastructure on the other?

If they pull off both, that's a new meta for corporate Bitcoin adoption. Treasury = balance sheet flex. Credit = actual revenue engine.

Question is whether the market prices them as a leveraged $BTC bet or a fintech play. Right now feels like neither is fully priced in.