From Nasdaq
June 3, 2025 7:00 am:

MicroStrategy (NASDAQ: MSTR) stock has surged nearly 2,900% in the past five years, driven by its heavy investment in Bitcoin (CRYPTO: BTC). It now holds 580,250 Bitcoins, making it the largest corporate holder globally. Other companies are following suit, but can they replicate MicroStrategy’s success?

Twenty One Capital, a new player in the Bitcoin treasury company arena, has quickly acquired 31,500 Bitcoins with the backing of Tether and SoftBank. It aims to go public with a SPAC and challenge the dominance of established players like MicroStrategy. The rise of Bitcoin treasury companies is reshaping the corporate landscape.

While the Bitcoin treasury company model has proven lucrative so far, there are risks involved. If the price of Bitcoin drops, companies holding a significant amount on their balance sheets could face substantial losses. Additionally, to stay ahead of the competition, companies must find ways to add value beyond simply buying and holding Bitcoin.

Investors are keeping a close watch on the evolving landscape of Bitcoin treasury companies, with MicroStrategy still leading the pack in terms of performance. However, new contenders like Twenty One Capital are emerging, raising questions about the sustainability of MicroStrategy’s dominance in the market. The future of Bitcoin treasury companies remains uncertain.

Read more at Nasdaq: Is MicroStrategy (Strategy) Still the Best Bitcoin Proxy Stock You Can Buy?