Key Takeaways Strategy expanded Bitcoin holdings to about 671,000 BTC in 2025, including a 10,645 BTC buy in mid-December.MSTR posted 26% BTC yield YTD and 116,555 BTC gains, with Bitcoin per share rising despite new equity.Regulatory clarity and a new S&P B- credit rating expand capital access, backing a 30% BTC yield for 2025.Strategy Inc. (MSTR) continues to deepen its identity as the world’s largest corporate Bitcoin holder, with 2025 marking a decisive acceleration in Bitcoin accretion. In 2025, the co ...

Cryptocurrency Market Overview - Altcoins are considered more speculative, while Bitcoin and Ethereum are used to accumulate more Bitcoin [1] - The channel emphasizes that investing and trading in cryptocurrencies is very risky [1] Promotional Offers & Partnerships - Offers bonuses on WEEX, CoinW, Bitunix, Phemex, and Bybit exchanges, ranging from $8,000 to $30,000 USDT [1] - Provides affiliate links for Ledger Nano and Robinhood exchange [1] Risk Disclosure - Content is not financial, legal, or tax advice, but rather opinion, education, and entertainment [1] - Users are advised to do their own research and make their own decisions [1]

Bitcoin Accumulation Strategy - Strategy doubled down on its Bitcoin accumulation strategy [1] - The company added more than 10,000 BTC to its treasury for the second week in a row [1] - The added BTC is valued at $980 million [1] Funding and Stock Performance - The latest acquisitions were funded by proceeds from the issuance and sale of the company's Class A common stock (MSTR) and perpetual preferred stocks (STRF, STRK, and STRD) [1] Market Index and Scrutiny - Strategy held onto its place in the Nasdaq 100 following the index's annual rebalancing [2] - Its MSCI fate must wait until January amid increasing scrutiny of its bitcoin-heavy business model [2]

Core Insights - American Bitcoin Corp. reported strong financial results for Q3 2025, highlighting a successful dual strategy of scalable mining operations and disciplined market purchases, resulting in the addition of over 3,000 Bitcoin to its reserves [2][7]. Financial Performance - Revenue for Q3 2025 reached $64.2 million, a significant increase from $11.6 million in the same period last year, representing a growth of approximately 453% [9][21]. - Net income for Q3 2025 was $3.5 million, compared to a net loss of $0.6 million in the prior-year period, marking a turnaround in profitability [9][21]. - Adjusted EBITDA for Q3 2025 was $27.7 million, a substantial improvement from a loss of $4.3 million in the previous year [9][22]. Operational Highlights - The company more than doubled its mining capacity, achieving approximately 25.0 exahash per second (EH/s) with an average fleet efficiency of about 16.3 joules per terahash (J/TH) as of September 30, 2025 [7]. - Gross margin increased from 49% to 56% quarter-over-quarter, indicating improved cost efficiency and operational effectiveness [7]. Strategic Developments - American Bitcoin completed a stock-for-stock merger with Gryphon Digital Mining, Inc., which was finalized on September 3, 2025, enhancing its market position [6][8]. - The company began trading under the ticker symbol "ABTC" following the merger, marking its debut on Nasdaq [7]. Bitcoin Holdings - As of September 30, 2025, American Bitcoin held a total of 3,418 Bitcoin in reserve, equivalent to 371 Satoshis per share (SPS) [7].

Core Insights - American Bitcoin Corp. has acquired approximately 139 Bitcoin since October 24, 2025, bringing its total holdings to approximately 4,004 Bitcoin as of November 5, 2025 [1][3][4] - The company reports a Satoshis Per Share (SPS) of 432, reflecting a 3.35% increase over a 12-day period [3][4] Bitcoin Reserve - As of October 24, 2025, the Bitcoin reserve was 3,865, which increased to 3,960 by November 3, 2025, and reached 4,004 by November 5, 2025 [4] - The Bitcoin reserve includes Bitcoin held in custody or pledged for miner purchases under an agreement with BITMAIN [4] Satoshis Per Share (SPS) - The SPS metric, which indicates the amount of Bitcoin attributable to each outstanding share, is currently at 432, showing a 3.35% increase from the previous measurement [3][4] - The SPS provides investors with visibility into their indirect ownership of Bitcoin through their equity in the company [2] Company Strategy - The company employs a dual strategy that combines scaled Bitcoin mining operations with disciplined at-market purchases to expand its Bitcoin holdings [3][6] - The focus is on building America's Bitcoin infrastructure and providing institutional-grade exposure to Bitcoin [6]

Core Insights - Metaplanet executed a $100 million Bitcoin-backed borrowing, utilizing a $500 million credit facility to fund crypto acquisitions, expand options trading, and potentially repurchase shares [1][2] - The borrowing represents only 3% of Metaplanet's $3.5 billion Bitcoin reserve, maintaining significant collateral buffers [1] - The company aims to accumulate 210,000 Bitcoin by the end of 2027 [2] Strategic Capital Deployment Amid Market Volatility - The borrowing strategy was implemented during a period of significant pressure in the digital asset treasury sector, with a quarter of Bitcoin-holding companies trading below their crypto reserves in September [3] - Metaplanet approved a 75 billion yen share repurchase program targeting times when its enterprise value-to-Bitcoin holdings ratio falls below 1.0x, aiming to reduce share count and increase token ownership per remaining share [4] - The company's market-to-net-asset-value ratio dropped to 0.99, making it the first major Bitcoin treasury to trade at a discount despite an aggressive accumulation strategy [4] Income Business Expansion Targets Stable Returns - A portion of the borrowed capital will fund Metaplanet's Income Business, which creates and sells cash-secured Bitcoin options to generate premium income [7] - Sales for this division are projected to reach 2.44 billion yen in Q3 2025, a 3.5-fold increase from the previous year's 690 million yen [7] - The options strategy allows the company to earn stable income during market volatility while providing downside protection through collected premiums [7] Industry Dynamics - Corporate Bitcoin adoption has declined by 95% since July, with only one company initiating treasury strategies in September compared to 21 in July [5] - Industry-wide premiums compressed from an average of 3.76x in April to 2.8x currently, while daily Bitcoin accumulation by treasury companies slowed to just 1,428 tokens in September [6]

Key Holdings - Key stakeholders holding between 10 to 10,000 $BTC possess 13.68 million $BTC, representing 68.62% of all Bitcoin [1] - These stakeholders accumulated approximately 110,010 coins between August 22 and October 12 [1] - Since the last all-time high, these stakeholders have sold off around 23,200 coins [1]

Geopolitical Implications - The West potentially entering a Bitcoin accumulation race, mirroring BRICS nations' gold strategies [1] Proposed French Legislation - France considering a bill to accumulate 2% of Bitcoin's total supply [1] - The bill aims to establish a Bitcoin Strategic Reserve [1] - The proposed bill suggests acquiring 420,000 BTC over 7-8 years [1] - The bill proposes utilizing nuclear and hydro power for Bitcoin mining [1]

Core Insights - OranjeBTC, a Brazilian firm focused on Bitcoin accumulation, has begun trading on Brazil's B3 stock exchange, becoming Latin America's largest listed Bitcoin treasury with 3,675 Bitcoin valued at approximately $444 million [1][2] Company Overview - The company went public through a reverse merger with education firm Intergraus, allowing it to trade under the ticker OBTC3, marking a significant milestone as Brazil's first public company centered entirely on Bitcoin as a corporate strategy [2] - OranjeBTC has secured $210 million in financing from notable investors, including Itaú BBA, the investment arm of Brazil's largest bank, and prominent figures in the crypto space such as the Winklevoss twins and Adam Back [4] Market Performance - The stock opened at $4.35 (23.22 BRL) and peaked at $4.59 (24.50 BRL) during the day, but closed at $4.33 (23.15 BRL), indicating initial excitement followed by profit-taking [3] Strategic Partnerships - OranjeBTC has formed a strategic partnership with BitcoinTreasuries.net to enhance transparency and broaden its global investor reach [5]

Core Insights - LQWD Technologies Corp. has acquired an additional approximately 14 Bitcoin, increasing its total holdings to about 252.5 Bitcoin, which translates to approximately 864 sats per share on a basic basis and 665 sats per share on a fully diluted basis [1][8] - The company has achieved a Bitcoin yield of roughly 49.4% year-to-date, measured by the increase in sats per diluted share [1] - LQWD has 29,238,408 shares outstanding, carries no debt, and maintains its Bitcoin reserves unencumbered, focusing on growth in Bitcoin-per-share metrics as a core element of its value strategy [2] Company Strategy and Leadership - The CEO of LQWD, Shone Anstey, emphasized the goal of building long-term value through Bitcoin accumulation and yield generation on the Lightning Network, stating that each addition to the treasury strengthens the balance sheet and adds value for shareholders [3] - Matthew Whitcomb has been promoted to VP of Capital Markets and Corporate Development, with the company granting 750,000 stock options to various stakeholders, exercisable for up to 5 years at a price of C$1.50 per share [3] Business Model and Market Position - LQWD is advancing Bitcoin adoption through the Lightning Network, which enables instant, low-cost transactions at scale, and operates a network of enterprise-grade nodes designed to earn transaction fees and support network liquidity [5] - The company offers investors unique exposure to both the long-term appreciation of Bitcoin and the emerging potential of Lightning-based payment technology [6]