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.

United States: Publicly Traded Bitcoin Treasury Companies

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

BTC Held by Public Companies

1.159M

$89.06B

Number of Public Companies

69

BTC Price

$76,820

Asset Dominance

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

United States: Public Companies Ranked by Bitcoin Holdings

#
Name BitcoinTreasuries logo
1 🇺🇸
Strategy
840,447
$64,563M
$45,613M
$**,***M
*.********
$**,***M
*.**x
*.***
***.*%
4.002%
2 🇺🇸
43,514
$3,343M
$2,247M
$*,***M
*.********
$*,***M
*.**x
*.***
***.*%
0.207%
3 🇺🇸
35,577
$2,733M
$4,238M
$*,***M
*.********
$*,***M
*.**x
**.*%
0.169%
4 🇺🇸
30,021
$2,306M
0.143%
5 🇺🇸
Bullish
24,300
$1,867M
$3,431M
$*,***M
*.********
**.*%
0.116%
6 🇺🇸
Strive
20,246
$1,555M
$1,505M
$*,***M
*.********
$*M
*****.**x
*.***
***.*%
0.096%
7 🇺🇸
SpaceX
18,712
$1,437M
$1,049,582M
$*,***,***M
*.*%
0.089%
8 🇺🇸
17,311
$1,330M
$50,014M
$**,***M
*.********
$*,***M
*.**x
*.*%
0.082%
9 🇺🇸
13,931
$1,070M
$3,360M
$*,***M
*.********
**.*%
0.066%
10 🇺🇸
12,062
$927M
$2,552M
$*,***M
*.********
**.*%
0.057%
11 🇺🇸
11,509
$884M
$1,214,473M
$*,***,***M
*.********
$***M
*.**x
*.*%
0.055%
12 🇺🇸
11,380
$874M
$7,350M
$*,***M
*.********
**.*%
0.054%
13 🇺🇸
10,278
$790M
$8,603M
$*,***M
*.********
*.*%
0.049%
14 🇺🇸
9,117
$700M
$49,585M
$**,***M
*.********
*.*%
0.043%
15 🇺🇸
8,300
$638M
$7,273M
$*,***M
*.********
*.*%
0.040%
16 🇺🇸
7,500
$576M
$89M
$**M
*.********
$***M
*.**x
***.*%
0.036%
17 🇺🇸
6,894
$530M
$9,207M
$**,***M
*.********
*.*%
0.033%
18 🇺🇸
5,528
$425M
$235M
$***M
***.*%
0.026%
19 🇺🇸
5,405
$415M
$74M
$***M
***.*%
0.026%
20 🇺🇸
4,467
$343M
$126M
$***M
*.********
*.***
***.*%
0.021%
21 🇺🇸
2,899
$223M
$30M
$**M
*.********
$***M
*.**x
*.***
***.*%
0.014%
22 🇺🇸
2,662
$204M
$3,102M
$*,***M
*.*%
0.013%
23 🇺🇸
2,523
$194M
$746M
$*,***M
**.*%
0.012%
24 🇺🇸
2,469
$190M
$1,820M
$*,***M
*.********
**.*%
0.012%
25 🇺🇸
1,279
$98M
$115M
$***M
*.********
**.*%
0.006%
26 🇺🇸
Cango Inc
1,065
$82M
$365M
$*,***M
*.********
**.*%
0.005%
27 🇺🇸
1,016
$78M
$12,265M
$**,***M
*.*%
0.005%
28 🇺🇸
1,000
$77M
$3M
$*M
*.********
*.***
****.*%
0.005%
29 🇺🇸
1,000
$77M
$7M
****.*%
0.005%
30 🇺🇸
848
$65M
$5,670M
$*,***M
*.********
*.*%
0.004%
31 🇺🇸
760
$58M
$99M
$**M
*.********
**.*%
0.004%
32 🇺🇸
646
$50M
$5,920M
$*,***M
*.********
*.*%
0.003%
33 🇺🇸
618
$47M
$3,395M
$*,***M
*.*%
0.003%
34 🇺🇸
600
$46M
$222M
$***M
*.********
**.*%
0.003%
35 🇺🇸
527
$40M
$7,228M
$*,***M
*.*%
0.003%
36 🇺🇸
410
$31M
$10,412M
$**,***M
$**M
*.**x
*.*%
0.002%
37 🇺🇸
354
$27M
$68M
$*M
*.********
$**M
*.**x
**.*%
0.002%
38 🇺🇸
334
$26M
$14M
$**M
*.********
***.*%
0.002%
39 🇺🇸
303
$23M
$565M
$***M
*.*%
0.001%
40 🇺🇸
275
$21M
$0M
0.001%
41 🇺🇸
208
$16M
$13,678M
$**,***M
*.***
*.*%
0.001%
42 🇺🇸
192
$15M
$23M
$**M
*.********
**.*%
0.001%
43 🇺🇸
159
$12M
$324M
$***M
*.********
$*M
*.**x
*.*%
0.001%
44 🇺🇸
132
$10M
$505M
$***M
$*M
*.**x
*.*%
0.001%
45 🇺🇸
108
$8M
$11M
$**M
$**M
*.**x
**.*%
0.001%
46 🇺🇸
83
$6M
$12M
$*M
$*M
*.**x
**.*%
0.000%
47 🇺🇸
74
$6M
$20,524M
$**,***M
*.*%
0.000%
48 🇺🇸
46
$4M
0.000%
49 🇺🇸
44
$3M
$2M
$*M
$*M
*.**x
***.*%
0.000%
50 🇺🇸
43
$3M
$53M
$**M
*.*%
0.000%
51 🇺🇸
23
$2M
$23M
$*M
*.*%
0.000%
52 🇺🇸
20
$2M
$27M
$*M
*.**x
*.*%
0.000%
53 🇺🇸
18
$1M
$2M
$*M
$*M
*.**x
**.*%
0.000%
54 🇺🇸
17
$1M
$22M
$**M
*.*%
0.000%
55 🇺🇸
16
$1M
$22M
$**M
*.*%
0.000%
56 🇺🇸
15
$1M
$3M
$*M
$*M
*.**x
**.*%
0.000%
57 🇺🇸
15
$1M
$5M
$*M
$*M
*.**x
**.*%
0.000%
58 🇺🇸
TeraWulf
15
$1M
$7,677M
$**,***M
*.*%
0.000%
59 🇺🇸
12
$1M
$22M
$**M
$*M
*.**x
*.*%
0.000%
60 🇺🇸
10
$1M
$36M
$**M
$*M
*.**x
*.*%
0.000%
61 🇺🇸
7
$1M
$64M
$**M
$*M
*.**x
*.*%
0.000%
62 🇺🇸
6
$0M
$493M
$***M
*.*%
0.000%
63 🇺🇸
6
$0M
$1M
$*M
$*M
*.**x
**.*%
0.000%
64 🇺🇸
3
$0M
$46M
$**M
*.*%
0.000%
65 🇺🇸
1
$0M
$8,145M
$*,***M
*.********
*.*%
0.000%
66 🇺🇸
.8
$0M
0.000%
67 🇺🇸
.8
$0M
$42M
$-**M
*.*%
0.000%
68 🇺🇸
.3
$0M
$*M
*.**x
0.000%
69 🇺🇸
.2
$0M
0.000%
70 🇺🇸
BTCS Inc.
0
$0M
$67M
$***M
0.000%
71 🇺🇸
0
$0M
$0M
0.000%
72 🇺🇸
0
$0M
$109M
$**,***M
0.000%
73 🇺🇸
0
$0M
0.000%
74 🇺🇸
0
$0M
0.000%
Total:
1,159,362
$89,063M
5.521%

Other Digital Assets Tracked