According to @KobeissiLetter, MicroStrategy (MSTR) fell 12% today and 57% since October 6, cutting its market cap to $45 billion (source: @KobeissiLetter). According to @KobeissiLetter, the post states this market cap is $10 billion below the current market value of the company’s Bitcoin (BTC) holdings, indicating an atypical discount versus its BTC treasury exposure (source: @KobeissiLetter). According to @KobeissiLetter, for crypto-focused traders this spread highlights potential relative-value opportunities between MSTR and spot BTC, as the equity proxy may revert toward the implied value of its BTC exposure when dislocations widen (source: @KobeissiLetter).

According to Michael Saylor, MicroStrategy (MSTR) announced the creation of a 1.44 billion USD reserve and reported its Bitcoin reserve increased to 650,000 BTC, source: Michael Saylor on X, Dec 1, 2025. This disclosure is a corporate treasury update directly linking MSTR’s balance sheet to BTC exposure, source: Michael Saylor on X, Dec 1, 2025.

According to the source, Bhutan has reportedly staked 320 ETH through staking provider Figment and holds roughly $568 million in Bitcoin; traders should seek direct confirmation via Figment’s official validator dashboard and on-chain data, as well as disclosures from Druk Holding & Investments (DHI), before adjusting positions. If validated by Figment and DHI, sovereign ETH staking would be supportive for ETH staking participation and validator revenues tracked by provider dashboards, while verified sovereign BTC holdings would reinforce the institutional adoption narrative monitored by on-chain analytics firms (e.g., Glassnode) and daily spot BTC ETF flow reports from issuers such as BlackRock and Fidelity.

According to the source, Nasdaq-traded American Bitcoin disclosed its Bitcoin treasury now totals 4,004 BTC, valued at about $415 million at the time of the announcement (source: American Bitcoin company announcement on Nov 8, 2025). The company stated it operates as a Bitcoin treasury and mining firm and is backed by Eric Trump and Donald Trump Jr. (source: American Bitcoin company announcement on Nov 8, 2025).

According to @JasonSoraVC, Bitplanet_KR acquired 14 BTC for approximately $1.66 million on Nov 2, 2025 (source: @JasonSoraVC, X post dated Nov 2, 2025). According to @JasonSoraVC, Bitplanet_KR now holds 151.67 BTC purchased for about $18.07 million, implying an average cost near $119,373 per BTC which reflects their stated acquisition basis (source: @JasonSoraVC, X post dated Nov 2, 2025). According to @JasonSoraVC, Korea is trading at an estimated 7-8% premium versus the global Bitcoin market, indicating higher local BTC pricing in KRW markets relative to global levels (source: @JasonSoraVC, X post dated Nov 2, 2025).

According to the source, I need an official, non-media citation before producing a trading-oriented summary. Please share a primary source such as Coinbase’s Q3 2025 Shareholder Letter or 10-Q on the SEC EDGAR, Coinbase Investor Relations earnings release, the Q3 earnings call transcript, or Brian Armstrong’s verified X post/video stating “Coinbase is long Bitcoin.” Once provided, I will deliver a concise trading analysis with exact figures and full citations.

According to the source, Bitcoin Treasuries reports that Bitcoin ETFs and exchanges collectively hold about 1.69 million BTC as of Oct 26, 2025, based on its aggregated holdings tracker, providing a consolidated view of custodial concentration for traders. For actionable monitoring, traders can track week-over-week changes in the Bitcoin Treasuries total to assess shifts in custodial holdings that inform near-term BTC liquidity analysis, as reflected by the Bitcoin Treasuries dataset.

According to @business, cryptocurrency firm OranjeBTC went public on Brazil’s stock exchange this week. Source: @business. According to @business, the company intends to expand its Bitcoin (BTC) holdings and roll out new educational programs following the listing. Source: @business. For traders, the confirmed plan to increase BTC holdings establishes OranjeBTC’s intent to acquire additional BTC for its treasury and creates a new public reference point in Brazil for tracking future disclosures; the source did not provide figures, timelines, or a ticker. Source: @business.

According to the source, MicroStrategy (MSTR) shares rose about 10% this week. Source: Nasdaq market data. The company reported approximately $3.9 billion in Q3 Bitcoin gains, reflecting the quarter’s BTC price appreciation. Source: MicroStrategy Q3 2025 results disclosure (investor relations). MicroStrategy holds roughly 640,000 BTC, valued near $79 billion based on prevailing market prices at the time of reporting. Source: MicroStrategy holdings update; BTC-USD market data from major exchanges. The firm’s unrealized profit on its BTC position is about $31.4 billion. Source: MicroStrategy investor disclosures. MicroStrategy’s equity exposure is largely tied to BTC price movements due to its substantial BTC treasury, a key consideration for traders positioning in BTC-linked equities. Source: MicroStrategy corporate strategy and holdings disclosures.

According to @rovercrc, an entity referenced as "Strategy" began building its Bitcoin reserve exactly five years ago and the stack is now worth over $74 billion in BTC, source: @rovercrc (X, Aug 10, 2025). The post timestamps the start of accumulation to five years prior to the announcement date, highlighting a multi‑year BTC reserve build, source: @rovercrc (X, Aug 10, 2025).

According to Farside Investors, Cango (CANG) has been added to the miner dashboard with a reported monthly production of 650.5 BTC for July 2025, while HUT has been removed due to discontinued monthly reporting. Cango's total Bitcoin holdings now stand at 4,529.7 BTC, positioning the company as a significant BTC holder among public miners. This sizeable production and holding update is likely to influence BTC miner stocks and overall market sentiment, providing important data for traders assessing miner impact on Bitcoin supply and price dynamics. Source: Farside Investors.

According to @saylor, MicroStrategy (MSTR) has provided access to its Q2 earnings call, which is essential for traders and investors tracking the company's ongoing Bitcoin (BTC) strategy. The earnings call contains updated financial results and strategic commentary directly impacting MicroStrategy's BTC holdings, a critical factor for cryptocurrency market participants. Traders should monitor MicroStrategy’s latest balance sheet, Bitcoin acquisition plans, and any guidance on future BTC purchases or sales, as these actions can significantly influence BTC price volatility and sentiment. Source: @saylor.

According to @FarsideUK, a new company, Active Energy, has been added to the list of public companies holding Bitcoin (BTC) as a treasury reserve asset. Data from July 15, 2025, shows that the company, which has a market capitalization of approximately £1 million, now holds 24 BTC. This development signals continued corporate adoption of Bitcoin, even among smaller-cap companies, which can be a noteworthy trend for traders monitoring institutional interest in the cryptocurrency market.

According to @OnchainDataNerd, Japanese firm Metaplanet (3350) has aggressively expanded its Bitcoin treasury, with total holdings now reaching 15,555 BTC. This accumulation, sourced from a new disclosure, positions Metaplanet as the ninth-largest publicly traded holder of Bitcoin, surpassing Coinbase's reported 9,267 BTC. The latest acquisition involved purchasing 2,205 BTC for approximately $213 million, as stated in the report. This brings Metaplanet's total investment to $1.38 billion with an average purchase price of 14.52 million yen per BTC, funded in part by issuing $210 million in zero-percent bonds. The market has responded positively to this strategy, with Metaplanet's shares closing 26% higher on Monday, according to the source. The firm tracks its performance using a custom 'BTC Yield' metric, which reported a 95.6% yield for the quarter ending June 30.

According to @rovercrc, Japanese public company Metaplanet (3350) has aggressively expanded its Bitcoin strategy, increasing its holdings to 10,000 BTC and surpassing crypto exchange Coinbase (COIN) to become the ninth-largest corporate Bitcoin holder. The company's latest acquisition involved purchasing 1,112 BTC for $117.2 million, as stated by CEO Simon Gerovich. Data from BitcoinTreasuries.com confirms Metaplanet's total holdings now exceed Coinbase's 9,267 BTC. The company's cumulative investment in Bitcoin has reached approximately $947 million at an average cost of $94,697 per BTC. To facilitate these purchases, Metaplanet issued $210 million in zero-percent bonds. The market has responded favorably to this strategy, with Metaplanet's stock price surging 26% on Monday. This continued institutional accumulation by a public company is a significant bullish indicator for Bitcoin (BTC), demonstrating strong corporate conviction in the asset.

According to @lookonchain, MicroStrategy (MSTR), the largest publicly-listed corporate holder of Bitcoin, has acquired an additional 245 BTC for $26 million. This purchase increases the company's total Bitcoin holdings to 592,345 BTC, valued at approximately $60 billion based on a price of around $101,000 per BTC as cited in the report. The average purchase price for MicroStrategy's entire Bitcoin position is now $70,681. The source states these acquisitions were funded through proceeds from its at-the-market (ATM) equity offering. Despite this continued accumulation, MSTR shares experienced a 2.1% decline in premarket trading. Meanwhile, the price of Bitcoin (BTC) is trading around $108,307, showing relative strength.

According to @QCompounding, AI cloud firm CoreWeave has re-entered acquisition talks with Bitcoin miner Core Scientific (CORZ), one year after a previous attempt, as reported by the WSJ. This news caused CORZ stock to surge 25% to over $15 per share, also lifting other mining stocks like Hut 8 (HUT) and Cipher Mining (CIFR). For traders, this signals strong interest in the convergence of AI and crypto mining infrastructure. In separate news, Semler Scientific (SMLR) is now trading at a premium to its Bitcoin (BTC) holdings for the first time since June 5, with its multiple net asset value (mNAV) at 1.149. The source indicates this is a key bullish signal, as historically Semler has only added to its BTC position when trading at a premium. This suggests the company, which holds 4,449 BTC, may soon resume purchases to meet its year-end target of 10,000 BTC.

According to Aaron Brogan, recent crypto IPOs like Circle's post-offering rally to a $43.9B market cap indicate strong market demand, potentially boosting sentiment for stablecoins such as USDC and crypto assets like BTC. Brogan cites public market premiums comparable to MicroStrategy's BTC holdings and regulatory clarity from the GENIUS Act as key drivers. Jean-Marie Mognetti adds that rising investor demand for crypto guidance, focusing on risk management and secure vehicles like ETFs, could increase market participation and trading volumes.

According to Paolo Ardoino, Tether invested C$121.6 million ($89.2 million) for a one-third stake in Elemental Altus to gain diversified exposure to gold, as stated in the announcement. This move aligns with Tether's dual strategy to bolster USDT reserves with tangible assets amid potential regulatory pressures, which could necessitate selling some of its 100,000 BTC holdings worth $10.7 billion, as suggested by JPMorgan. Elemental's shares surged 23% following the news, highlighting market sensitivity to such investments.

According to Tether's announcement on Tuesday, the stablecoin issuer invested C$121.6 million ($89.2 million) for a one-third stake in Elemental Altus to diversify USDT reserves into gold, enhancing asset backing as U.S. regulations loom. This move signals a strategic shift toward tangible assets, potentially impacting BTC holdings if compliance requires divestment, as suggested by JPMorgan earlier this year. Elemental shares surged 23% post-announcement, reflecting market confidence in gold's role in stabilizing crypto markets.