Bitcoin treasury company KindlyMD is at risk of being delisted from Nasdaq. According to the exchange’s rule, the company has until June 8, 2026 to regain compliance. To do that, the company’s share price has to close at $1 or more for a minimum of 10 consecutive business days. The company's shares—which trade on Nasdaq under the NAKA ticker—closed at $0.38 on Tuesday. The shares have consistently closed below $1 through October and November, with NAKA falling nearly 99% from its yearly peak price of $34. ...

Core Insights - Bitcoin treasury companies are gaining popularity, with total Bitcoin holdings of public and private companies increasing nearly 450% since January 2023 [1] Company Analysis - Strategy (NASDAQ: MSTR) is recognized as the pioneer of the Bitcoin treasury model, holding approximately 660,000 Bitcoin on its balance sheet as of December 12 [2] - Strategy claims to provide "amplified exposure to Bitcoin," holding about 3% of the world's total Bitcoin supply, and has delivered a total return of nearly 1,400% since August 2020, compared to Bitcoin's 712% increase [4] - However, in 2025, MSTR has experienced a decline of 38%, while Bitcoin has decreased nearly 3%, indicating significant volatility associated with this amplified exposure [4] Market Landscape - The top 100 publicly traded Bitcoin treasury firms include well-known companies like Tesla and MercadoLibre, as well as popular stocks among retail investors such as MARA Holdings, Riot Platforms, and Cipher Mining, alongside some less reputable penny stocks [5] Investment Considerations - For investors who believe in Bitcoin as a long-term store of value, Strategy is viewed as a leveraged investment opportunity, but it is advised to consider the underlying business's growth prospects and fundamentals rather than solely its Bitcoin holdings [6] - Public and private companies are increasingly adding Bitcoin and other cryptocurrencies to their balance sheets, with Strategy being a notable example of this trend [7]

Core Viewpoint - Strive, Inc. has announced an increase in the annual dividend rate on its Variable Rate Series A Perpetual Preferred Stock to 12.25%, reflecting its commitment to enhancing shareholder value while managing its capital structure effectively [1][2]. Dividend Information - The new annual dividend rate of 12.25% is based on a stated amount of $100 per share, resulting in an annual dividend of approximately $12.25 per share [2]. - The next monthly dividend of $1.0208 per share is declared, payable on January 15, 2026, to holders of record as of January 1, 2026 [3]. Company Overview - Strive is the first publicly traded asset management Bitcoin treasury company, focusing on increasing Bitcoin per share to outperform Bitcoin over the long term [4]. - As of November 7, 2025, Strive holds approximately 7,525 bitcoins and has grown to manage over $2 billion in assets since launching its first ETF in August 2022 [4].

@DavidFBailey @SteveAlpher @cz_binance @OKnightCrypto @jessepollak @cryptauxmargaux 🔥Most Influential: @SaylorDespite facing a year of tough conditions for bitcoin treasury companies, Michael Saylor’s Strategy developed new ways to make money — and acquire more bitcoin for its vast holdings — in 2025.@btcjvs reports:https://t.co/C4jHR55X1N ...

Let's turn our attention to crypto and welcome in our next guest. Joining us now, Fong Lee, the president and CEO of Strategy. Fong, thank you for taking the time to be with us this afternoon.Now, Strategy just completed its largest single time Bitcoin purchase since July. You added nearly a billion dollars in just the past week. You know, what drove the timing and the scale of this latest acquisition.>> Yeah, look, Bitcoin is always an important purchase and a good buy for us at any point in time. Uh two w ...

RT Gareth Jenkinson (@gazza_jenks)As @jackmallers and the Twenty One team ring the bell at the @NYSE, let's revisit his vision for the third biggest Bitcoin Treasury company.When we spoke back in May, Mallers explained why Bitcoin Treasury companies will become a core part of the financial system. https://t.co/qBIrvjQX7y ...

Company Overview - Columbus Circle Capital (BRR) has completed its merger with ProCap BTC, which has raised over $750 million to establish a bitcoin treasury firm, now renamed ProCap Financial, set to trade on Nasdaq under the BRR symbol [1] Market Performance - The performance of bitcoin treasury companies (BTCTCs) has been poor this year, with many experiencing declines of 90% or more post-SPAC merger, including notable companies like KindlyMD (NAKA) and Strive (ASST), which now trade for less than $1 [2] Stock Movement - BRR shares had been trading close to their offering price of $10 for several months, closing at $10.15 before the merger approval, but dropped over 50% to $4.36 following the merger announcement [3] Management Compensation Concerns - Concerns have been raised regarding the high compensation packages for management and boards of BTCTCs, questioning the value provided to investors who can buy and hold bitcoin themselves [4] Management's Response - Anthony Pompliano, leading ProCap Financial, announced he will take a salary of $1 per year with no guaranteed bonuses, and any equity compensation will only be available if the stock price exceeds $15 per share, which is over three times its current trading price [5] - Pompliano emphasized that CEOs and boards should not earn millions unless retail shareholders also benefit, aiming to set a standard for shareholder alignment [6]

Core Insights - Twenty One Capital, Inc. has received shareholder approval for its merger with Cantor Equity Partners (CEP) [1] - The transaction is expected to close around December 8, pending regulatory conditions [2] - The merged entity will operate under the Twenty One Capital name and is set to begin trading on the NYSE on December 9 with the ticker symbol XXI [3] Company Overview - Twenty One Capital is positioned as the first Bitcoin-native company expected to be publicly listed [3] - The company will hold approximately 43,500 BTC, valued at around $4 billion, making it potentially the third-largest corporate Bitcoin holder [4] - The venture involves collaboration with Tether, Bitfinex, Cantor Fitzgerald, and SoftBank, with the name referencing Bitcoin's total supply of 21 million coins [5] Market Reaction - Cantor Equity Partners stock surged by about 22% to $14.50 following the merger announcement, although it remains down approximately 66% over the last six months [6] - Bitcoin's price has increased by about 2.5% this week, trading above $93,000 after a recent decline [6] - Traders on the Myriad platform predict a 76% chance that Bitcoin will reach $100,000 before dropping to $69,000 [7]

Core Insights - The New York Stock Exchange will soon welcome its largest Bitcoin treasury firm due to the merger between Twenty One Capital and Cantor Equity Partners [1][6] - The combined entity will become the second-largest digital asset treasury firm and the third-largest public Bitcoin holder globally [1][6] Company Overview - Twenty One Capital was established earlier this year with significant investments from Tether, Bitfinex, SoftBank, and Cantor Fitzgerald, totaling around 42,000 BTC [2] - Pre-merger, Cantor Equity Partners raised an additional $585 million through PIPE financing, while Twenty One Capital sold convertible notes worth $100 million [2] Financial Position - As of December 3, the firm's total Bitcoin holdings reached 43,514 BTC, valued at approximately $4 billion [3] - The firm aims to differentiate itself in a competitive market by focusing solely on Bitcoin accumulation [4] Market Position - Shares of Twenty One Capital are expected to start trading on the NYSE on December 9, making it the largest Bitcoin holder listed on the NYSE [5][6] - The firm will be second only to Strategy in terms of overall Bitcoin treasury size [6] Strategic Focus - The strategy of Twenty One Capital is to outperform competitors by enhancing shareholder value through more capital-efficient Bitcoin accumulation [7]

Bitcoin Treasury Management - Strategy 首席执行官 Saylor 考虑出售股票，以建立 14.4 亿美元的现金储备，用于股息支付 [1] - 行业专家认为 Saylor 是唯一经历过完整熊市的比特币国库管理者 [1] - Saylor 在 2022 年的熊市中，即使 mNAV 远低于成本基础，Strategy 的股票也曾一度水下，但他并没有出售任何股票 [1] Bear Market Resilience - 在最坏的熊市情况下，即使出现约 80% 的下跌，Saylor 也不需要出售任何股票 [2] - 尽管成本基础和一些动态有所变化，但目前的情况与上次熊市类似 [2] Market Acquisition - 行业专家认为，一些 mNAV 低于 1 的苦苦挣扎的 BTC Treasury 公司可能会被更大的公司收购 [2]