stacksatsio on Nostr: It’s not arbitrary. A company is a legal fiction endowed by the State. There is no ...

It’s not arbitrary.

A company is a legal fiction endowed by the State. There is no “Microstrategy” as a physical entity in the world, you can’t walk up and punch Microstrategy in the face, and there is no entity that can hold and control the use of a Bitcoin private key - that requires agency which companies don’t have.

Companies have agents who act on their behalf. Those people when acting on behalf of said company are bound by laws which if breached will either send the agents to prison, or in extreme cases see the State revoke its charter and dissolve it.

This whole concept of corporations and legal fiction is only a few hundred years old.