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.

North America: Bitcoin ETFs, Exchanges, and Other Custodians

Bitcoin ETFs, funds, and exchanges ranked by total BTC under management.

BTC Held by ETFs and Exchanges

1.337M

$102.81B

Number of ETFs and Exchanges

25

BTC Price

$76,872

Asset Dominance

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

North America: ETFs and Exchanges Ranked by Bitcoin Holdings

#
Name BitcoinTreasuries logo
1 🇺🇸
762,287
$58,598M
3.630%
2 🇺🇸
173,308
$13,323M
0.825%
3 🇺🇸
131,528
$10,111M
0.626%
4 🇺🇸
60,555
$4,655M
0.288%
5 🇺🇸
37,752
$2,902M
0.180%
6 🇺🇸
35,026
$2,693M
0.167%
7 🇺🇸
31,581
$2,428M
0.150%
8 🇨🇦
18,373
$1,412M
0.087%
9 🇺🇸
15,400
$1,184M
0.073%
10 🇨🇦
14,898
$1,145M
0.071%
11 🇨🇦
8,016
$616M
0.038%
12 🇺🇸
7,056
$542M
0.034%
13 🇺🇸
6,410
$493M
0.031%
14 🇺🇸
6,331
$487M
0.030%
15 🇺🇸
5,113
$393M
0.024%
16 🇨🇦
4,336
$333M
0.021%
17 🇺🇸
4,188
$322M
0.020%
18 🇺🇸
3,746
$288M
0.018%
19 🇨🇦
2,868
$221M
0.014%
20 🇺🇸
2,620
$201M
0.012%
21 🇨🇦
2,558
$197M
0.012%
22 🇨🇦
2,339
$180M
0.011%
23 🇺🇸
946
$73M
0.005%
24 🇺🇸
135
$10M
0.001%
25 🇺🇸
110
$8M
0.001%
Total:
1,337,480
$102,815M
6.369%

Other Digital Assets Tracked