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.
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.
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.
Institutional BTC investors may explore whether bitcoin-native yield, collateral and liquidity opportunities could offer the next stage of strategic deployment.
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.
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.
Strategy's stock price has fallen sharply alongside bitcoin, marking one of its worst drawdowns since it adopted a bitcoin treasury strategy in 2020.
Michael Saylor’s 2020 move turned idle cash into crypto. Now, firms from healthcare to tech are following the playbook, with mixed results.
Jim Chanos closed his 11-month short on Strategy as multiple to net asset value compressed sharply.
American Bitcoin acquired 1,414 BTC while Michael Saylor’s Strategy added 390 BTC.
The health tech firm’s raise, backed by Kraken and Exodus, could bring proceeds to $212 million as it targets $1 billion in annual revenue and BTC holdings.
Sector giant Strategy (MSTR) still trades at a premium to its bitcoin stack, but maybe not for long if the trend continues.
Digital Asset Treasuries (DATs) are the first laboratories testing how a decentralised asset can operate as productive capital within the architecture of corporate finance, argues Sygnum Bank CIO Fabian Dori.
Hong Kong Exchanges and Clearing has challenged at least five companies over plans to buy and hoard large amounts of cryptoassets