MSTR Expert: Bitcoin Under $60K Breaks The Market

Adrian Morris is back to break down what Strategy’s latest earnings and the first serious stress test of its preferred-equity machine are revealing. STRC has rebounded after Strategy spent $106 million on buybacks, but Adrian argues the move is still overwhelmingly a Bitcoin and capital-structure story, not proof Strategy can simply defend par.

Japan: Publicly Traded Bitcoin Treasury Companies

Track publicly traded companies holding Bitcoin on their balance sheets, ranked by BTC holdings.

BTC Held by Public Companies

49,083

$3.77B

Number of Public Companies

15

BTC Price

$76,801

Asset Dominance

93.8%
BTC 93.8% ETH 5.5% SOL .47% BNB .14% XRP .14%

Japan: Public Companies Ranked by Bitcoin Holdings

#
Name BitcoinTreasuries logo
1 🇯🇵
43,000
$3,302M
$2,328M
$*,***M
*.********
*.***
***.*%
0.205%
2 🇯🇵
1,717
$132M
$15,485M
$**,***M
*.********
$***M
*.**x
*.*%
0.008%
3 🇯🇵
1,501
$115M
$202M
$***M
*.********
**.*%
0.007%
4 🇯🇵
1,423
$109M
$38M
$**M
*.********
***.*%
0.007%
5 🇯🇵
763
$59M
$365M
$***M
$**M
*.**x
**.*%
0.004%
6 🇯🇵
S-Science
296
$23M
$51M
$**M
$**M
*.**x
**.*%
0.001%
7 🇯🇵
Mac House
125
$10M
$8M
$-**M
$**M
*.**x
***.*%
0.001%
8 🇯🇵
Gumi Inc
80
$6M
$94M
$***M
$*M
*.**x
*.*%
0.000%
9 🇯🇵
66
$5M
$414M
$***M
*.*%
0.000%
10 🇯🇵
30
$2M
$6M
$*M
**.*%
0.000%
11 🇯🇵
Lib Work
30
$2M
$95M
$***M
$*M
*.**x
*.*%
0.000%
12 🇯🇵
25
$2M
$64M
$**M
*.*%
0.000%
13 🇯🇵
MBK
18
$1M
$47M
$***M
$*M
*.**x
*.*%
0.000%
14 🇯🇵
5
$0M
$41M
$**M
*.*%
0.000%
15 🇯🇵
5
$0M
$11M
$*M
$*M
*.**x
*.*%
0.000%
Total:
49,083
$3,770M
0.234%

Other Digital Assets Tracked