Bitcoin Treasury

Tracking companies and governments that add Bitcoin to their balance sheets or reserves, and what it means for global finance.

4 min read

UK Bitcoin Treasury Company Smarter Web Joins London Stock Exchange

Smarter Web now holds 2,674 bitcoin bought for £221m, admits a $100m unrealized loss, and warns investors its shares could be the UK’s most volatile.

ByNima ‎

5 min read

Strategy’s Bitcoin Falls Below Purchase Price, Saylor Still Buying

Analysts say there’s no immediate risk: Strategy’s bitcoin isn’t collateralized, debt repayments start in 2027, and dividends are funded through 2028.

ByNima ‎

4 min read

Tennessee Considers Adding Bitcoin to State Financial Reserves

The bill caps bitcoin at 10% per fund, phases purchases at 5% per year, and requires offline, audited custody with public reports.

ByNima ‎

4 min read

Binance to Move $1 Billion User Protection Fund Fully Into Bitcoin

Built from trading fees, SAFU will shift to bitcoin in 30 days, sit in cold wallets via an Abu Dhabi clearing house, and be refilled if it dips below $800M.

ByNima ‎

4 min read

South Dakota Revives Bitcoin Reserve Bill in Renewed Push to Invest State Funds

The bill allows up to 10% allocation, offers ETF or direct custody options, and adds strict security rules like multi-party control and encrypted key storage.

ByNima ‎

5 min read

Steak ’n Shake Expands Bitcoin Holdings, Rolls Out BTC Bonuses

Beyond payments, Steak ’n Shake funnels all BTC sales into a reserve, cuts fees ~50%, and even pays workers a $0.21/hr bitcoin bonus.

ByNima ‎

4 min read

Bitcoin Gets Special Treatment in Kansas' New Digital Assets Reserve Bill

SB 352 would fund the reserve with abandoned custodial assets after 3 years, allow staking/airdrops, and bar bitcoin from the general fund.

ByNima ‎

4 min read

Metaplanet’s Bitcoin Bet Pays Off: Revenue Soars, Holdings Top 35,000 BTC

Beyond buying BTC, Metaplanet earned ¥8.6bn via options strategies and reported a 568% BTC Yield, while keeping trading separate from long-term reserves.

ByNima ‎

4 min read

Prenetics Halts its Bitcoin Treasury Strategy to Focus on Business

Board review ended BTC buys on December 4. Prenetics keeps 510 bitcoin while directing capital to IM8, now topping $100M ARR.

ByNima ‎

5 min read

IMF Praises El Salvador’s Growth Amid Ongoing Bitcoin Talks

IMF cites record remittances, fiscal reforms and Basel III adoption, while talks continue over selling the Chivo wallet and curbing "bitcoin risks."

ByNima ‎

5 min read

Taiwan Confirms Holding 210 Bitcoin Seized From Criminal Investigations

Seized BTC worth around $18M makes Taiwan the 10th-largest government holder, sparking debate over auctions versus treating bitcoin as a strategic asset.

ByNima ‎

4 min read

KindlyMD at Risk of Nasdaq Delisting After Share Price Collapse

KindlyMD holds 5,398 BTC worth about $466M and has approved a share buyback plan, though it hasn’t disclosed how it will fund it.

ByNima ‎

4 min read

El Salvador’s Bitcoin Holdings Surpass 7,500 BTC

El Salvador keeps buying BTC daily, often mixing large purchases with small ones and even mining bitcoin using volcanic geothermal energy.

ByNima ‎

4 min read

Inside Strategy’s Letter: A Response to MSCI’s Proposed DAT Exclusion

Strategy warns MSCI’s rule could spark chaotic index churn as bitcoin swings and force funds to dump shares, threatening U.S. digital-asset competitiveness.

ByNima ‎