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.

Financial Services: Publicly Traded Bitcoin Treasury Companies

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

BTC Held by Public Companies

55,916

$4.30B

Number of Public Companies

34

BTC Price

$76,820

Asset Dominance

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

Financial Services: Public Companies Ranked by Bitcoin Holdings

#
Name BitcoinTreasuries logo
1 🇺🇸
Strive
20,246
$1,555M
$1,505M
$*,***M
*.********
$*M
*****.**x
*.***
***.*%
0.096%
2 🇺🇸
9,117
$700M
$49,585M
$**,***M
*.********
*.*%
0.043%
3 🇺🇸
6,894
$530M
$9,207M
$**,***M
*.********
*.*%
0.033%
4 🇺🇸
5,405
$415M
$74M
$***M
***.*%
0.026%
5 🇩🇪
3,605
$277M
$163M
$***M
*.********
***.*%
0.017%
6 🇨🇦
2,597
$199M
$197M
$***M
*.********
***.*%
0.012%
7 🇺🇸
2,523
$194M
$746M
$*,***M
**.*%
0.012%
8 🇺🇸
1,000
$77M
$3M
$*M
*.********
*.***
****.*%
0.005%
9 🇨🇦
743
$57M
$26M
$**M
*.********
$**M
*.**x
*.***
***.*%
0.004%
10 🇧🇷
Méliuz
605
$46M
$**M
*.**x
0.003%
11 🇺🇸
600
$46M
$222M
$***M
*.********
**.*%
0.003%
12 🇲🇹
540
$41M
$219M
$***M
**.*%
0.003%
13 🇺🇸
410
$31M
$10,412M
$**,***M
$**M
*.**x
*.*%
0.002%
14 🇺🇸
334
$26M
$14M
$**M
*.********
***.*%
0.002%
15 🇦🇺
283
$22M
$34M
$**M
**.*%
0.001%
16 🇺🇸
192
$15M
$23M
$**M
*.********
**.*%
0.001%
17 🇳🇴
K33 AB
168
$13M
$35M
$**M
*.********
**.*%
0.001%
18 🇹🇭
165
$13M
$79M
$**M
**.*%
0.001%
19 🇺🇸
108
$8M
$11M
$**M
$**M
*.**x
**.*%
0.001%
20 🇸🇬
88
$7M
$5M
$-*M
***.*%
0.000%
21 🇺🇸
74
$6M
$20,524M
$**,***M
*.*%
0.000%
22 🇨🇦
69
$5M
$11M
$**M
$*M
*.**x
**.*%
0.000%
23 🇩🇪
31
$2M
$*M
*.**x
0.000%
24 🇫🇷
27
$2M
$*M
*.**x
0.000%
25 🇺🇸
20
$2M
$27M
$*M
*.**x
*.*%
0.000%
26 🇯🇵
MBK
18
$1M
$47M
$***M
$*M
*.**x
*.*%
0.000%
27 🇺🇸
17
$1M
$22M
$**M
*.*%
0.000%
28 🇮🇹
11
$1M
$138,231M
$***,***M
*.*%
0.000%
29 🇬🇧
9
$1M
$13M
$**M
$*M
*.**x
*.*%
0.000%
30 🇨🇦
5
$0M
$1M
$*M
**.*%
0.000%
31 🇬🇧
5
$0M
0.000%
32 🇿🇦
3
$0M
$*M
*.**x
0.000%
33 🇨🇦
3
$0M
$*M
*.**x
0.000%
34 🇨🇦
2
$0M
0.000%
35 🇺🇸
BTCS Inc.
0
$0M
$67M
$***M
0.000%
36 🇦🇷
0
$0M
$97,812M
$***,***M
0.000%
Total:
55,916
$4,295M
0.266%