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.

DeFi and Similar Entities

DeFi protocols and other on-chain entities holding Bitcoin.

BTC Held by DeFi and Other

376,856

$28.95B

Number of DeFi and Other

16

BTC Price

$76,820

Asset Dominance

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

DeFi Protocols Ranked by Bitcoin Holdings

#
Name BitcoinTreasuries logo
1
116,150
$8,923M
0.553%
2
97,703
$7,506M
0.465%
3
65,301
$5,016M
0.311%
4
34,808
$2,674M
0.166%
5
11,780
$905M
0.056%
6
8,643
$664M
0.041%
7
8,460
$650M
0.040%
8 🇻🇬
6,997
$537M
0.033%
9
5,941
$456M
0.028%
10
4,699
$361M
0.022%
11 🇺🇸
4,370
$336M
0.021%
12
4,156
$319M
0.020%
13
3,810
$293M
0.018%
14
2,696
$207M
0.013%
15
829
$64M
0.004%
16
513
$39M
0.002%
17 🇺🇸
0
$0M
0.000%
Total:
376,856
$28,950M
1.795%

Other Digital Assets Tracked