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.

Bitcoin Treasury: Publicly Traded Bitcoin Treasury Companies

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

BTC Held by Public Companies

122,691

$9.43B

Number of Public Companies

11

BTC Price

$76,820

Asset Dominance

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

Bitcoin Treasury: Public Companies Ranked by Bitcoin Holdings

#
Name BitcoinTreasuries logo
1 🇺🇸
43,514
$3,343M
$2,247M
$*,***M
*.********
$*,***M
*.**x
*.***
***.*%
0.207%
2 🇯🇵
43,000
$3,303M
$2,328M
$*,***M
*.********
*.***
***.*%
0.205%
3 🇺🇸
30,021
$2,306M
0.143%
4 🇧🇷
OranjeBTC
3,950
$303M
$222M
$***M
*.********
$***M
*.**x
*.***
***.*%
0.019%
5 🇳🇱
Treasury
1,111
$85M
$***M
*.**x
0.005%
6 🇰🇷
Bitplanet
300
$23M
$40M
**.*%
0.001%
7 🇵🇱
199
$15M
$31M
$**M
$*M
*.**x
**.*%
0.001%
8 🇨🇦
176
$13M
$3M
$**M
***.*%
0.001%
9 🇸🇪
174
$13M
0.001%
10 🇬🇧
B HODL
166
$13M
$11M
***.*%
0.001%
11 🇬🇧
80
$6M
$8M
$*M
**.*%
0.000%
Total:
122,691
$9,425M
0.584%