As the institutional competition for crypto assets heats up, big players are in town. BlackRock (NYSE: BLK), the world's largest asset manager, already issues a spot exchange-traded fund (ETF) linked to Bitcoin (BTC) and Ethereum (ETH). A crypto ETF is a type of investment fund that offers investors indirect crypto exposure without directly buying or holding virtual assets. As of March 19, BlackRock's Bitcoin and Ether funds have seen cumulative net inflows of $63 billion and $12 billion. Related: Micro ...

Core Argument - B. Riley views the current valuation compression of Strategy shares as an opportunity rather than a structural issue, especially with potential improvements in the regulatory environment for cryptocurrency [1][3] Company Overview - Strategy is the largest corporate holder of bitcoin, possessing 738,731 bitcoins, and has developed a diversified digital credit platform with six separate securities [2] - Strive, a newly public company, combines bitcoin accumulation with asset management and holds approximately 13,132 BTC [5][9] Financial Performance - Strategy raised $25.3 billion in FY2025, making it the largest equity issuer among U.S. public companies for the second consecutive year, with a 62.1% year-over-year growth in subscription services revenue in Q4 2025 [4] - Strive raised $762.6 million through PIPE financing and completed an all-stock acquisition of Semler Scientific [5] Market Context - Bitcoin has experienced significant price fluctuations, trading between $65,008 and $74,100 in March 2026, down from a peak of approximately $125,226 in October 2025, leading to compressed NAV multiples for bitcoin treasury stocks [6] - The current share prices of both companies reflect a valuation discount relative to their underlying business strength [1][3] Analyst Ratings and Targets - B. Riley initiated coverage on Strategy with a price target of $175 and on Strive with a target of $12, indicating potential upside from current prices [3][7] - The broader analyst consensus for Strategy is bullish, with a consensus target of $394.38, while Strive's market has not fully priced in its asset management business [7] Sensitivity to Bitcoin Prices - Each $1,000 change in bitcoin price affects Strategy's treasury value by approximately $739 million and Strive's by about $13.1 million, highlighting their sensitivity to bitcoin price movements [9]

Core Viewpoint - B. Riley has initiated coverage on MicroStrategy and Strive, recommending both as buying opportunities due to compressed valuations following a decline in bitcoin prices from their October 2025 peak [1][2]. Company Analysis MicroStrategy (MSTR) - B. Riley set a price target of $175 for MicroStrategy, which is currently trading at $138.95, reflecting a 51.62% decline over the past year [1]. - The company holds 738,731 bitcoins, making it the largest corporate bitcoin holder, and has a diversified digital credit platform [1]. - MicroStrategy's shares currently trade at 1.2 times net asset value, down from a peak of 3.4 times in 2024, indicating a significant valuation compression [1]. - The company raised $25.3 billion in FY2025, maintaining its position as the largest equity issuer among U.S. public companies [1]. - Subscription services revenue grew by 62.1% year over year in Q4 2025, despite the stock being down 8.56% year to date [1]. Strive (ASST) - B. Riley has set a price target of $12 for Strive, which is currently trading at $8.51, down 42.34% year to date [1]. - Strive operates a dual-engine business model that combines bitcoin treasury with asset management, providing a unique value proposition [1]. - The company holds approximately 13,132 bitcoins and raised $762.6 million through PIPE financing [1]. - Strive's recent acquisition of Semler Scientific adds a medical device business to its portfolio, enhancing its operational capabilities [1]. Market Context - Bitcoin has traded between $65,008 and $74,100 in March 2026, down from a peak of approximately $125,226 in October 2025, leading to compressed NAV multiples for bitcoin treasury stocks [1]. - Each $1,000 move in bitcoin affects MicroStrategy's treasury value by roughly $739 million and Strive's by about $13.1 million, highlighting their sensitivity to bitcoin price fluctuations [2].

RT Stack Bitcoin Treasury (@stackbtc_)We are excited to announce that @Nigel_Farage and @blockchain have made strategic equity investments in #Stack.This marks a major step forward in our ambition to build the UK’s leading Bitcoin treasury company, acquiring high-quality UK businesses whilst growing our #Bitcoin reserves.🔗 https://t.co/M3u3EUtQzVRNS: https://t.co/dr5IiCrgcQ ...

Core Insights - Genius Group has transformed into a triple-engine AI education group with three main business units: Genius School, Genius Academy, and Genius Resorts, aimed at preparing individuals for the future of work [1][3] Financial Performance - The company reported audited full-year revenue of $8.4 million for 2025, an increase from $7.6 million in 2024, with pro forma revenue reaching $13.6 million, reflecting an 80% growth [2][6] - Gross profit for 2025 was $2.9 million, up from $2.4 million in 2024, with pro forma gross profit showing a significant 110% increase to $4.9 million [6] - The net operating loss for 2025 was $26.1 million, compared to $21.4 million in 2024, indicating a 29% increase in losses [6] - The company achieved a 76% reduction in cash used in operations, down to $10.6 million from $46.3 million in 2024, reflecting improved operational efficiencies [2][6] - Total assets increased by 36% to $137 million from $101 million in 2024 [6] Business Strategy and Developments - In 2025, the company consolidated its operations around three business units, achieving operational profitability in the last quarter [3][7] - The Genius Resorts model was integrated into the business, generating $2.2 million in audited revenue from the post-acquisition period of four hospitality properties [10] - The company launched Genius School in Bali and signed a Joint Venture Agreement to develop Genius City, a fully integrated living and learning district, scheduled for completion by 2028 [10] Future Outlook - For 2026, the company anticipates a further 48% growth in annual revenue, projecting between $20 million to $22 million, along with positive adjusted EBITDA from operations of $1.5 million to $2.0 million [7]

RT Finance Freeman 🇺🇸 (@FinanceFreeman)🚨Anthony Pompliano Full Interview(0:40) Who Is @APompliano?(2:00) The @cfosilvia Acquisition(08:23) What Is $BRR? How It Differs From $MSTR & Other Bitcoin Treasury Companies(21:20) AI Agent Payments, Blockchain, Crypto & $BTC 🟧(27:50) President Trump (@POTUS), Kevin Warsh & Running the Economy HOT(36:03) Advice to Entrepreneurs 💰This interview was recorded pre-Iran war for context.Appreciate Mr. Pompliano coming on the channel. ...

Core Insights - Prevalon Energy and Anchorage Digital have allocated portions of their corporate treasury to Strategy's Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) as part of their capital management strategies [1][2][3] Group 1: Company Announcements - Prevalon Energy's CFO Benjamin Hunnewell stated that the addition of STRC aligns with their objectives of capital preservation, liquidity, and disciplined long-term financial management [2][3] - Anchorage Digital's CEO Nathan McCauley emphasized that holding STRC aligns their capital with an institutional framework for Bitcoin treasury strategy [3] Group 2: Product Details - STRC is described as a flagship digital credit instrument with an annual dividend of 11.25%, distributed monthly, designed for stable price dynamics [3] - Strategy Inc is recognized as the world's first and largest Bitcoin Treasury Company, focusing on financial innovation strategies to generate value from Bitcoin holdings [5] Group 3: Market Context - The integration of STRC by innovative companies like Prevalon and Anchorage Digital is seen as a step towards modernizing capital allocation frameworks among corporates and institutions [3]

RT Tim Kotzman (@TimKotzman)Welcome back to The Bitcoin Treasuries Podcast.Today's guests are Andrew Webley and Jesse Myers.We discuss what gave them the conviction to start a Bitcoin Treasury Company, Digital Credit and Preferred Products, the secret sauce of having liquidity in your stock, listing on the London Stock Exchange, the Bitcoin Treasuries Unconference UK, and much more.Here's my conversation with @asjwebley and @Croesus_BTC.0:00 - Intro0:43 - Andrew’s background and journey to Bitcoin5:00 - Jes ...

Core Insights - Sequans Communications S.A. reported its unaudited financial results for Q4 and the full year of 2025, highlighting a significant increase in revenue from its IoT semiconductor business, although overall financial performance showed losses due to various factors including digital asset impairments [1][3]. Financial Performance Summary - **Revenue**: Q4 2025 revenue was $7.0 million, a 72.6% increase from Q3 2025 but a 37.0% decrease from Q4 2024. Full year 2025 revenue totaled $27.2 million, down from $36.8 million in 2024 [2][4]. - **Gross Profit**: Gross profit for Q4 2025 was $2.6 million, with a gross margin of 37.7%, down from 42.4% in Q3 2025 and 67.4% in Q4 2024. The decrease in gross margin was attributed to a higher proportion of product sales and provisions for slow-moving inventory [5]. - **Operating Loss**: The operating loss for Q4 2025 was $74.5 million, compared to a loss of $20.5 million in Q3 2025 and $5.6 million in Q4 2024. This included a $56.9 million unrealized loss on Bitcoin investments [6]. - **Net Loss**: The net loss for Q4 2025 was $87.1 million, or ($5.62) per diluted ADS, compared to a profit of $0.9 million in Q3 2025 and a loss of $2.4 million in Q4 2024 [7]. - **Non-IFRS Loss**: The non-IFRS net loss for Q4 2025 was $18.5 million, or ($1.19) per diluted ADS, compared to a loss of $11.2 million in Q3 2025 and a profit of $2.2 million in Q4 2024 [8]. Digital Asset Strategy - The company has adopted a disciplined approach to capital allocation, focusing on its Bitcoin treasury strategy. In Q4 2025, Sequans repurchased approximately 9.7% of its outstanding ADSs and received authorization to repurchase an additional 10% [3][9]. - As of December 31, 2025, Sequans held 2,139 Bitcoin valued at $187.1 million, with 1,617 Bitcoin pledged as collateral for convertible debt [9]. Business Outlook - The company reported a strong order backlog and a design-win pipeline exceeding $300 million in potential revenue over the next three years, with over 44% of design-wins already in mass production [3]. - Sequans aims to achieve cash-flow break-even by the end of 2026, driven by increasing production and demand across various IoT segments [3].

JUST IN: 🇯🇵 Japanese Bitcoin treasury company Metaplanet CEO says, “We will steadily continue to accumulate #Bitcoin”Nothing stops this train 🙌 https://t.co/WGbRYF9kF7 ...