Group 1 - A quarter of all public companies holding Bitcoin now trade at market values below the worth of their BTC holdings, indicating a disconnect between market confidence and corporate Bitcoin treasuries [1][7] - K33 Research highlights that this gap limits the ability of firms to raise capital, as issuing shares below NAV is dilutive [2][7] - The average NAV multiple across treasury firms has decreased from 3.76 in April to 2.8, with notable firms like NAKA trading at just 0.7x NAV [3][4] Group 2 - Larger players like MicroStrategy continue to enjoy premiums, while smaller firms are struggling, with BTC accumulation slowing to just 1,428 BTC per day in September [4][5] - Public companies now hold over 1 million BTC, but spot ETFs and retail flows are becoming the main drivers of demand, overshadowing corporate treasury accumulation [5][7] - GD Culture Group shares fell 28% following an $875 million acquisition of 7,500 Bitcoin, reflecting market reactions to large transactions [6]

🔥 LATEST: GD Culture Group plans to acquire Pallas Capital with its 7,500 $BTC, positioning itself among the major Bitcoin treasury holders. https://t.co/lNWh8h5lRb ...

RT Robert Baggs (@rkbaggs)More than just another Bitcoin treasury company!Today, @gazza_jenks and I were joined by @freddienew on the announcement of @bitcoinhodlco. Honestly, this might be the most thoughtfully executed treasury to date.Oh, and then we rant about the UK.https://t.co/sSZIw86pGb ...

Core Insights - Nakamoto Holdings, after merging with KindlyMD, experienced a dramatic stock collapse of over 50% following the unlocking of PIPE shares, with shares down 96% from their peak in May, now trading at $1.50 [1][2] - The incident marks a significant downturn in the Bitcoin treasury trend, with one in three companies in the sector trading below the value of their Bitcoin holdings [2][3] - The PIPE unlock allowed insiders to sell shares they purchased at $1.12, which had previously surged to about $34, leading to a chaotic sell-off [4] Company Specifics - Nakamoto Holdings' merger with KindlyMD was announced on May 12 but completed in mid-August, with the company purchasing its first Bitcoin only in late August [6] - Despite the timing, Nakamoto's stock surged as much as 2,700% based on speculative expectations rather than actual Bitcoin holdings [6] - KindlyMD acquired 5,765 Bitcoin valued at approximately $665 million, making it the 16th largest corporate Bitcoin holder [6] Industry Trends - The collapse of Nakamoto Holdings highlights the volatility and risks associated with the corporate Bitcoin treasury model, as many firms are now facing significant declines in stock value [2][3] - The trend of corporations adding Bitcoin to their balance sheets is growing, with some companies attempting to frame it as a viable business model [7]

Group 1 - Next Technology Holding, the largest Chinese Bitcoin treasury firm, plans to sell $500 million worth of its common stock to cover general corporate expenses and purchase additional Bitcoin [1][4] - The company currently holds 5,833 BTC, with an impressive profit margin of 269%, as the average cost per BTC is $31,386, while Bitcoin is trading at $115,800 [4] - The filing with the US Securities and Exchange Commission is necessary for any publicly traded company in the US to issue more shares or make significant financial moves [3] Group 2 - The crypto market has been experiencing high volatility, with bearish momentum slightly dominating over the past month, which could impact Bitcoin prices despite the interest from Bitcoin treasuries [2] - Strategy, led by Michael Saylor, has purchased a total of 638,985 BTC at an average price of $73,914, currently seeing a 56% profit on its holdings [5]

Bitcoin treasury firm Strive adds industry veterans to board, launches new $950 million capital initiatives https://t.co/cDpPTcABcS ...

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Asset Entities Inc. (NASDAQ:ASST) shareholders approved a reverse merger with Vivek Ramaswamy-backed Strive Enterprises, creating what executives call a leading public Bitcoin (CRYPTO: BTC) treasury company with potential $1.5 billion in funding. Transaction Details Finalized The merger received strong shareholder support from Asset Entities on Monday, following Strive shareholders’ September 4 approval. T ...

A glowing Bitcoin vault with orbital rings overlooks the Seoul skyline, symbolizing Bitplanet’s $50M SGA acquisition and its push toward top-ten global BTC holdings Bitplanet, South Korea’s first institutional Bitcoin treasury company, has completed the full acquisition of SGA Co. Ltd. through a $50 million deal, according to a Sept. 11 statement shared with CryptoSlate. The transaction marks the conclusion of a 62% takeover of SGA by an international investor consortium, underscoring a growing push to f ...

I think Bitcoin treasure companies are possibly a Trojan horse. Uh possibly more like the the the the way in which Trafi bends a knee to Bitcoin. It's like I you know if I'm bond market capital I can't get 10% anywhere except if I you know bend the knee to Bitcoin. I do understand the the counterpoint of like uh you don't want it to be a distraction from um your Bitcoin treasury focus.Like Apple is not going to become a a high conviction Bitcoin treasury company that's fully focused on driving Bitcoin per s ...

RT Gareth Jenkinson (@gazza_jenks)We're live with @pete_rizzo_ to chat Bitcoin treasury companies meta!He's heading up @BTCtreasuries - which gives a wealth of data and insights into the top companies holding BTC on their balance sheets.Join @rkbaggs and me live on #CHAINREACTIONhttps://t.co/rRQcECANvA ...