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And as we continue to champion bitcoin as a strategic treasury reserve asset, we are encouraged by the number of both public and privatecompanies that are adopting the bitcoin treasury standard to help impact shareholder value. Management uses BTC to evaluate capital allocation decisions and to measure the achievement of our strategy.
So when we started this strategy in 1718, and started allocating capital, investing in entrepreneurs who had a solution, that had to be massified. And I think this is where the industry should be heading. How do you look at those?
The total amount of capitalinvested and committed across our operating portfolio equates to $275 per square foot, which we believe remains significantly below replacement cost. For the second quarter, we collected approximately 97% of contractually due base rent and property managementfees from our operating portfolio.
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