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.

Mining: Publicly Traded Bitcoin Treasury Companies

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

BTC Held by Public Companies

91,707

$7.04B

Number of Public Companies

32

BTC Price

$76,788

Asset Dominance

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

Mining: Public Companies Ranked by Bitcoin Holdings

#
Name BitcoinTreasuries logo
1 🇺🇸
35,577
$2,732M
$4,238M
$*,***M
*.********
$*,***M
*.**x
**.*%
0.169%
2 🇺🇸
13,931
$1,070M
$3,360M
$*,***M
*.********
**.*%
0.066%
3 🇺🇸
11,380
$874M
$7,350M
$*,***M
*.********
**.*%
0.054%
4 🇺🇸
10,278
$789M
$8,603M
$*,***M
*.********
*.*%
0.049%
5 🇺🇸
8,300
$637M
$7,273M
$*,***M
*.********
*.*%
0.040%
6 🇺🇸
2,662
$204M
$3,102M
$*,***M
*.*%
0.013%
7 🇺🇸
2,469
$190M
$1,820M
$*,***M
*.********
**.*%
0.012%
8 🇸🇬
1,671
$128M
$250M
$***M
*.********
**.*%
0.008%
9 🇺🇸
Cango Inc
1,065
$82M
$365M
$*,***M
*.********
**.*%
0.005%
10 🇺🇸
848
$65M
$5,670M
$*,***M
*.********
*.*%
0.004%
11 🇺🇸
646
$50M
$5,920M
$*,***M
*.********
*.*%
0.003%
12 🇦🇪
559
$43M
0.003%
13 🇨🇦
393
$30M
$77M
$**M
**.*%
0.002%
14 🇺🇸
354
$27M
$68M
$*M
*.********
$**M
*.**x
**.*%
0.002%
15 🇺🇸
334
$26M
$14M
$**M
*.********
***.*%
0.002%
16 🇨🇳
285
$22M
$20,995M
$**,***M
*.*%
0.001%
17 🇺🇸
208
$16M
$13,678M
$**,***M
*.***
*.*%
0.001%
18 🇰🇷
200
$15M
$32M
$**M
**.*%
0.001%
19 🇨🇦
150
$12M
$693M
$***M
*.********
*.*%
0.001%
20 🇬🇧
135
$10M
$1M
$*M
$**M
*.**x
****.*%
0.001%
21 🇺🇸
83
$6M
$12M
$*M
$*M
*.**x
**.*%
0.000%
22 🇨🇦
53
$4M
0.000%
23 🇨🇦
36
$3M
$6M
$*M
**.*%
0.000%
24 🇺🇸
23
$2M
$23M
$*M
*.*%
0.000%
25 🇺🇸
20
$2M
$27M
$*M
*.**x
*.*%
0.000%
26 🇨🇦
17
$1M
0.000%
27 🇺🇸
TeraWulf
15
$1M
$7,677M
$**,***M
*.*%
0.000%
28 🇺🇸
6
$0M
$493M
$***M
*.*%
0.000%
29 🇨🇦
3
$0M
0.000%
30 🇺🇸
3
$0M
$46M
$**M
*.*%
0.000%
31 🇨🇦
3
$0M
$2M
$*M
**.*%
0.000%
32 🇺🇸
.8
$0M
0.000%
33 🇸🇬
0
$0M
$2,137M
$*,***M
0.000%
Total:
91,707
$7,042M
0.437%