BTC Treasuries Theme Month
What 'mNAV' Really Means for Bitcoin Treasury Companies — and Where It Falls Short
NYDIG’s research head questions how mNAV is used to assess bitcoin treasuries, arguing it masks key risks tied to capital structure and equity dilution.
Texas Buys $5M in BTC ETF as States Edge Toward First Government Crypto Reserves
The effort is starting small, but Texas made an opening foray into a state-based crypto reserve — getting closer to the first government stockpile in the U.S.
Bitcoin's Plunge Brings Strategy's Holdings to Near Breakeven, but Key Test Lies 18 Months Ahead
Michael Saylor's company's balance sheet isn't at imminent risk of collapse, but further capital-raising efforts could surely be hindered unless conditions improve.
As DATs Face Pressure, Institutions Could Soon Look to BTCFi for Their Next Strategic Shift
Institutional BTC investors may explore whether bitcoin-native yield, collateral and liquidity opportunities could offer the next stage of strategic deployment.
Bitcoin Treasuries to Move Beyond HODL to Yield, Hedging and Share Buybacks as NAV Discount Bites
As the bitcoin treasury frenzy fades, the HODL pitch isn't completely dead, but firm should consider active reserve management to stand out, analysts say.
Japanese Bitcoin Treasury Firms Keep Beating BTC. Tax Policy Makes Outperforming U.S. Peers the Easy Part
While U.S.-listed bitcoin treasury firms struggle to outperform ETFs, Japan’s harsh crypto tax code sends investors into DAT stocks, making outperformance easy.
Exactly One Year After Strategy’s All-Time High, the Bitcoin-Linked Slide Intensifies
Strategy's stock price has fallen sharply alongside bitcoin, marking one of its worst drawdowns since it adopted a bitcoin treasury strategy in 2020.
The Rise of Crypto Treasuries: How One Bet Sparked a Corporate Shift
Michael Saylor’s 2020 move turned idle cash into crypto. Now, firms from healthcare to tech are following the playbook, with mixed results.
Is This the Indicator That Bitcoin Treasury Companies Have Hit a Bottom?
Jim Chanos closed his 11-month short on Strategy as multiple to net asset value compressed sharply.
Eric Trump's American Bitcoin and Michael Saylor's Strategy Add to Bitcoin Holdings
American Bitcoin acquired 1,414 BTC while Strategy added 390 coins.
