Bitcoin Treasury Reserve Asset
Popular burger joint Steak ’n Shake buys $10 million bitcoin
The company says that accepting bitcoin payments has led to a "self-reinforcing cycle" where crypto revenue helps fund upgrades and improvements.

Strive tumbles 12% as reverse stock split stumps investors despite Semler acquisition
Upon completion, the combined firm would hold nearly 13,000 BTC, surpassing the holdings of Tesla and Trump Media & Technology Group.

Bitcoin treasury firms linked to Adam Back sign preliminary agreement to combine
The proposed deal would take Sweden-based H100 into Switzerland and deepen its institutional bitcoin treasury strategy.

KindlyMD Turns to Kraken as Fourth Provider for Bitcoin-Backed $210M Loan at 8%
An SEC filing shows the Kraken facility will be used to retire an outstanding Antalpha loan and requires significant bitcoin collateral.

Bitcoin-Focused Firm Twenty One Sees Public NYSE Listing on Dec. 9
The firm offers public equity exposure to bitcoin, focusing on "capital-efficient bitcoin accumulation" and Bitcoin ecosystem services.

Strategy Faces Possible MSCI Index Removal, Threatening Billions in Outflows: Reuters
A removal could lead to outflows of up to $8.8 billion if other index providers follow suit because the stock is part of many passive investment products.

Digital Asset Treasuries Lead Crypto Stock Sell-Off as Bitcoin Falls to $84K
Strategy fell to the lowest since October, 2024, and ether and solana treasury plays including BitMine, Sharplink, Solana Company, Upexi tumbled nearly 10%.

Strategy Still the Premier Bitcoin Proxy, Benchmark Says, Rejecting ‘Doom’ Narrative
The broker said fears over Strategy’s solvency are misplaced and the stock remains the strongest asymmetric bet on bitcoin.

Priced at Zero: How Brazil’s Méliuz Turned to Bitcoin to Escape a Treasury Trap
The company adopted a bitcoin treasury plan by deploying a strategy inspired by Metaplanet, with 66% shareholder approval, to mitigate negative returns from government bonds.

Is the Bitcoin Digital Asset Treasury Model Broken? Architect Partners Says No
A sharp market pullback has exposed which BTC-focused public companies can actually execute, and which were never built for volatility.

