Bitcoin recently reached new all-time highs above $120,000, while many leading public Bitcoin treasury companies have seen their share prices lag far behind. Seventy-nine public companies hold at least 100 BTC, totaling nearly one million BTC valued at over $110 billion. Twenty-three Active Bitcoin Treasury Companies use financing techniques to acquire BTC and together hold about 723,000 BTC, with MicroStrategy controlling close to 630,000 BTC. Institutional accumulation has expanded Bitcoin’s presence on corporate balance sheets. Share underperformance reflects slowing accumulation by major treasuries and a divergence between corporate stock performance and Bitcoin’s price action.
valued at over $110 billion. A monumental amount, considering a majority of these companies only started accumulating in the past couple of years! Of these, twenty-three companies are Active Bitcoin Treasury Companies, those that are actively using financing techniques to generate more capital for BTC accumulation, holding a combined 723,000 BTC and growing rapidly. Unsurprisingly, (Micro)Strategy dominates this group with the largest allocation of close to 630,000 BTC.
This massive level of institutional accumulation highlights the growing importance of Bitcoin on corporate balance sheets. Still, investors have begun to question whether the once-explosive stock performance of these companies can continue. Why Bitcoin Treasury Companies Are Underperforming in 2025 (Micro)Strategy has been the flagship Bitcoin treasury company, but its stock price has not reflected Bitcoin's strength in recent months. While BTC surged past $124,000 before its recent retracement, MSTR's share price has languished to as low as $330 recently, well below its $543 highs.
#bitcoin #bitcoin-treasury-companies #microstrategy #institutional-accumulation #stock-underperformance
Collection
[
|
...
]