#bitcoin-treasury

#bitcoin-treasury

Strategy (NASDAQ: MSTR), the world's largest corporate holder of bitcoin, expanded its treasury once again last week, purchasing 168 BTC for $18.8 million at an average price of $112,051 per coin, according to a new U.S. Securities and Exchange Commission filing. Following the purchase, Strategy now holds 640,418 BTC, acquired at a total cost of roughly $47.40 billion, reflecting an average purchase price of $74,010 per bitcoin.

These are firms that accumulate Bitcoin on their balance sheet as a core part of their capital strategy, leveraging it to unlock asymmetric upside, financial durability, and institutional credibility. But not all Bitcoin treasury companies are the same. In fact, Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), recently outlined a clear taxonomy for understanding the landscape: a three-tiered hierarchy that separates dabblers from dominators. Each tier comes with distinct incentives, risks, and expected outcomes.

KindlyMD, Inc. (NASDAQ: NAKA), a provider of integrated healthcare services and a Bitcoin treasury vehicle through its subsidiary Nakamoto Holdings, is partnering with Antalpha (NASDAQ: ANTA). Antalpha is a fintech firm specializing in financing, technology, and risk management solutions for the digital asset industry. A key component of the partnership is a non-binding letter of intent under which Nakamoto plans to issue $250 million in five-year secured convertible notes to Antalpha.

"Working with Anchorage Digital enables AsiaStrategy to further advance our Bitcoin treasury strategy across the region, backing our ongoing expansion and ensuring we have the custody infrastructure to scale securely," said Luke Liu, Chief Investment Officer of AsiaStrategy. From watches to digital luxury Founded in 2001, AsiaStrategy initially specialized in trading and distributing luxury watches. In May 2025, the firm rebranded to focus exclusively on digital assets and blockchain innovation, positioning itself as a pioneering institutional player in bitcoin treasury management throughout Asia.

The pain of cash melting in corporate hands has given rise to a new and strategic class of public company: a bitcoin treasury company. These aren't just firms that accept cryptocurrency; they are corporations that have fundamentally reengineered their financial core. They have made the strategic decision to convert their primary treasury reserve asset from U.S. dollars into bitcoin. This strategy was forged not in a niche online community, but in a corporate boardroom facing an urgent paradox.

The all-stock deal will see Strive buying Semler shares at roughly $90.52 apiece, a more than 200% premium to its Friday closing price of $29.18. The two firms will together own nearly 11,000 Bitcoin after the merger, according to a press release on Monday. Strive will explore ways to "monetizing" or distributing Semler's "historically profitable diagnostics business at a future date," the announcement said.

Securing this five-year extension to our partnership with Strategy, reinforces our conviction that corporate Bitcoin adoption is not slowing down and will only continue to accelerate,

Today, Sora Ventures announced the launch of Asia's first Bitcoin treasury fund, unveiled during Taipei Blockchain Week. The fund, backed by a $200 million commitment from partners and investors across the region, aims to purchase $1 billion worth of Bitcoin within the next six months, according to a press release sent to Bitcoin Magazine. This new fund follows the individual Bitcoin treasury firms that have emerged across Asia in recent years -

Treasury B.V. ("Treasury"), an emerging euro-denominated Bitcoin treasury company, has raised initial funding of €126 million ($147 million) through a private round led by Winklevoss Capital and Nakamoto Holdings Inc., a subsidiary of KindlyMD, Inc. (NASDAQ: NAKA). With this funding, Treasury has already accumulated more than 1,000 Bitcoin to advance its Bitcoin strategy. Treasury has the ambition to be the first Bitcoin treasury company listed on a primary European exchange,

"We were the second U.S. public company to adopt Bitcoin as a primary treasury reserve strategy. Michael Saylor obviously is the quintessential pioneer, but we're in that group."