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.

Companies Holding the Most Ethereum

Track companies and institutions holding Ethereum in their treasuries, ranked by ETH balance.

ETH in Treasuries

7.680M

$18.48B

Entities Tracked

27

ETH Price

$2,407

Asset Dominance

5.49%
BTC 93.8% ETH 5.5% SOL .47% BNB .14% XRP .14%

Companies Ranked by ETH Holdings

#
Company BitcoinTreasuries logo
Source
1 🇺🇸 BitMine Immersion Technologies, Inc. BMNR
5,815,164
$14.00B
0.905
Link
2 🇺🇸 Sharplink, Inc. SBET
888,521
$2.14B
Link
3 🇺🇸 The Ether Machine
495,362
$1.19B
Link
4 🇺🇸 Bit Digital, Inc. BTBT
162,080.6
$390.08M
$487.54M
Link
5 🇺🇸 Coinbase Global, Inc. COIN
150,193
$361.47M
Link
6 🇺🇸 BTCS Inc. BTCS
55,064
$132.52M
$156.08M
Link
7 🇨🇳 Yueda Digital Holdings YDKG
19,928.9
$47.96M
Link
8 🇺🇸 Eightco Holdings Inc. ORBS
16,278
$39.18M
Link
9 🇺🇸 GameSquare Holdings, Inc. GAME
15,502.7
$37.31M
Link
10 🇺🇸 FG Nexus Inc.
12,732
$30.64M
Link
11 🇺🇸 Forum Markets FRMM
12,441
$29.94M
Link
12 🇨🇳 Intchains Group Limited ICG
9,070
$21.83M
Link
13 🇯🇵 Quantum Solutions Co., Ltd. 2338
5,764.8
$13.87M
Link
14 🇯🇵 Def consulting, inc. 4833
4,976
$11.98M
Link
15 🇸🇬 Canaan Inc. CAN
3,952
$9.51M
Link
16 🇨🇳 SOS Limited SOS
2,949.79
$7.10M
Link
17 🇺🇸 Gemini Space Station Inc GEMI
2,517
$6.06M
Link
18 🇰🇾 BTC Digital Ltd. BTCT
2,135
$5.14M
Link
19 🇺🇸 Circle Internet Group, Inc. CRCL
1,747
$4.20M
Link
20 🇹🇭 The Brooker Group BTC
1,506.1
$3.62M
Link
21 🇨🇦 Digihost Technology Inc. DGHI
1,013
$2.44M
Link
22 🇺🇸 Cosmos Health Inc. COSM
474.85
$1.14M
Link
23 🇺🇸 Exodus Movement, Inc EXOD
457
$1.10M
Link
24 🇺🇸 BIT Mining Limited BTCM
169
$406,728.08
Link
25 🇨🇦 DeFi Technologies DEFI
161
$387,474.68
Link
26 🇨🇦 Neptune Digital Assets NDA
144
$346,561.20
Link
27 🇺🇸 Phunware Inc PHUN
8.02
$19,301.53
Link
28 🇺🇸 Lixte Biotechnology Holdings Inc LIXT
0
$0.00
Link
Total:
7,680,312
$18.48B