Tag Archives: microstrategy

general

Bitcoin Empire Grows: Strategy Adds 168 More BTC to Its Massive Treasury

Leave a comment

MicroStrategy has expanded its already massive Bitcoin treasury with the purchase of another 168 BTC, worth roughly $18.8 million. The latest acquisition was made at an average price of around $112,051 per coin, according to the company’s co-founder and executive chairman, Michael Saylor.

With this addition, MicroStrategy now holds a staggering 640,418 BTC, accumulated at a total cost of approximately $47.4 billion—an average of about $74,010 per Bitcoin. The firm’s Bitcoin yield has surged 26% year-to-date in 2025, underscoring both its strategic timing and long-term conviction in the world’s largest digital asset.

Saylor shared the update on X, reaffirming his commitment to Bitcoin as the company’s primary treasury reserve asset. The move also highlights how institutional accumulation remains strong even as the broader crypto market experiences volatility.

MicroStrategy’s consistent accumulation strategy continues to position it as one of the most influential corporate players in the Bitcoin ecosystem. With the price of BTC holding above six figures for much of 2025, the company’s bold approach has already paid off handsomely, and it doesn’t appear to be slowing down anytime soon.

—

*The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.*

—

**About the Author**
Alexander Zdravkov is a reporter at Coindoo. Fluent in German and with over three years of experience in the crypto space, he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports, his deep understanding and enthusiasm make him a valuable member of the team.
https://coindoo.com/bitcoin-empire-grows-strategy-adds-168-more-btc-to-its-massive-treasury/

general

Bitcoin Treasury Bubble About To Burst, Say 10x Research

Leave a comment

For months, investors believed that buying shares in Bitcoin treasury companies like MicroStrategy and Metaplanet was the smarter, safer way to gain exposure to the world’s largest cryptocurrency. It felt like a shortcut to Bitcoin profits — until the Bitcoin treasury bubble burst.

According to a new report by 10x Research, retail investors have lost over $17 billion chasing these so-called “Bitcoin treasury” stocks. Surprisingly, the crash didn’t come from a fall in Bitcoin’s price, but from something far more painful.

### Sky-High Premiums Come Crashing Down

During 2024 and early 2025, excitement around Bitcoin’s institutional adoption reached its peak. Investors were paying 3 to 4 times their net asset value (NAV) just to own shares in Bitcoin-holding companies. These stocks were treated like leveraged bets on crypto’s future.

However, as global markets cooled and trade tensions between the US and China added uncertainty, these inflated valuations couldn’t hold. Multiples collapsed to around 1.0–1.4× NAV, wiping out billions in shareholder value — even while Bitcoin’s price remained near record highs.

Overall, 10x Research estimates that around $20 billion was overpaid, highlighting the steep cost of chasing hype over real assets.

### Metaplanet & MicroStrategy Struggle Too

Metaplanet, once dubbed “Asia’s MicroStrategy,” stopped buying Bitcoin in early October after its share price plunged nearly 47% in just three weeks. This decline pushed its enterprise value below the worth of its BTC holdings. The company alone lost $4.9 billion from its peak.

MicroStrategy wasn’t spared either. Its premium sharply fell from 4× to 1.4× NAV, demonstrating how even established players felt the squeeze.

### How Investors Lost Big

10x Research calls this the end of the “financial magic.” These treasury firms, once celebrated for their bold Bitcoin strategies, now face mounting pressure to prove real value through lending, custody, or arbitrage services.

The crash boiled down to simple math: these companies bought Bitcoin with stock or debt at inflated prices. When valuations cooled, investors who bought at the peak faced losses of about 67% compared to holding Bitcoin directly.

As a result, many investors are shifting to spot Bitcoin ETFs or direct Bitcoin holdings, where transparency is clearer and premiums don’t erode returns.

### What’s Next?

10x Research further warns that the premium collapse could erase an additional $25-30 billion in value by year-end, striking another heavy blow to speculative Bitcoin capital.

To survive, firms must now achieve 15-20% returns through real-yield strategies — or risk collapse.

—

Investors looking for cryptocurrency exposure should consider the lessons from this episode carefully: chasing inflated premiums on Bitcoin treasury stocks carries significant risks, especially when underlying asset prices remain stable. Direct ownership or transparent ETFs may offer safer alternatives moving forward.
https://coinpedia.org/news/bitcoin-treasury-bubble-about-to-burst-say-10x-research/