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.

Europe: Publicly Traded Bitcoin Treasury Companies

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

BTC Held by Public Companies

18,272

$1.41B

Number of Public Companies

40

BTC Price

$77,272

Asset Dominance

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

Europe: Public Companies Ranked by Bitcoin Holdings

#
Name BitcoinTreasuries logo
1 🇩🇪
3,605
$279M
$163M
$***M
*.********
***.*%
0.017%
2 🇸🇪
3,506
$271M
*.********
$***M
*.**x
0.017%
3 🇫🇷
Capital B
3,145
$243M
$147M
$***M
*.********
$***M
*.**x
*.***
***.*%
0.015%
4 🇬🇧
2,712
$210M
$166M
$***M
*.********
$***M
*.**x
*.***
***.*%
0.013%
5 🇳🇱
Treasury
1,111
$86M
$***M
*.**x
0.005%
6 🇳🇴
Aker ASA
754
$58M
$11,882M
$**,***M
$**M
*.**x
*.*%
0.004%
7 🇲🇹
540
$42M
$219M
$***M
**.*%
0.003%
8 🇩🇪
427
$33M
$238M
$***M
$**M
*.**x
**.*%
0.002%
9 🇫🇷
314
$24M
$78M
$**M
*.********
**.*%
0.001%
10 🇯🇪
236
$18M
0.001%
11 🇪🇸
223
$17M
$1M
$**M
*.********
****.*%
0.001%
12 🇵🇱
199
$15M
$31M
$**M
$*M
*.**x
**.*%
0.001%
13 🇬🇮
182
$14M
$7M
$*M
$**M
*.**x
***.*%
0.001%
14 🇸🇪
174
$13M
0.001%
15 🇳🇴
K33 AB
168
$13M
$35M
$**M
*.********
**.*%
0.001%
16 🇬🇧
B HODL
166
$13M
$11M
***.*%
0.001%
17 🇬🇧
135
$10M
$1M
$*M
$**M
*.**x
****.*%
0.001%
18 🇬🇧
99
$8M
$10M
$**M
**.*%
0.000%
19 🇬🇧
80
$6M
$8M
$*M
**.*%
0.000%
20 🇬🇧
68
$5M
$*M
*.**x
0.000%
21 🇬🇧
63
$5M
$8M
$*M
*.**x
**.*%
0.000%
22 🇳🇴
59
$5M
$5M
**.*%
0.000%
23 🇩🇪
58
$4M
$2,750M
$*,***M
$*M
*.**x
*.*%
0.000%
24 🇫🇷
31
$2M
$45M
$**M
$*M
**.**x
*.*%
0.000%
25 🇩🇪
31
$2M
$*M
*.**x
0.000%
26 🇸🇪
29
$2M
$5M
$*M
**.*%
0.000%
27 🇫🇷
27
$2M
$*M
*.**x
0.000%
28 🇬🇧
26
$2M
$4M
$*M
**.*%
0.000%
29 🇬🇧
19
$1M
$14M
$*M
*.**x
**.*%
0.000%
30 🇳🇴
16
$1M
$20M
$**M
*.*%
0.000%
31 🇸🇪
12
$1M
$*M
*.**x
0.000%
32 🇮🇹
11
$1M
$138,199M
$***,***M
*.*%
0.000%
33 🇬🇧
9
$1M
$4M
$*M
$*M
*.**x
**.*%
0.000%
34 🇬🇧
9
$1M
$13M
$**M
$*M
*.**x
*.*%
0.000%
35 🇸🇪
Refine Group
7
$1M
$*M
*.**x
0.000%
36 🇸🇪
6
$0M
$5M
$*M
*.**x
*.*%
0.000%
37 🇬🇧
5
$0M
0.000%
38 🇸🇪
4
$0M
$6M
$*M
*.*%
0.000%
39 🇳🇴
4
$0M
$3M
$*M
$*M
*.**x
**.*%
0.000%
40 🇬🇧
1
$0M
$23M
$**M
*.*%
0.000%
41 🇬🇧
0
$0M
$1M
$*M
0.000%
42 🇬🇧
0
$0M
$0M
$*M
0.000%
43 🇬🇧
0
$0M
$32M
$-**M
0.000%
Total:
18,272
$1,412M
0.087%

Other Digital Assets Tracked