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Articles

Twenty One: Jack Mallers’ Blueprint for the “Ideal Bitcoin Company”

From Bitcoin Treasury Vehicle to Bitcoin Operating Company Twenty One’s next chapter is not simply about holding Bitcoin.…

By roxom · May 2026 · 10 min read

Articles

Strategy MSTR: Expanding Optionality & Bitcoin Accretion Engines

Strategy’s Q1 2026 earnings deck had one slide that quietly changed the way investors should understand the company.…

By roxom · May 2026 · 17 min read

Articles

Strategy’s Preferred Stock Complex: Institutional Credit Analysis of STRF, STRC, STRE, STRK and STRD

Executive thesis Strategy’s preferred instruments should be analyzed less like ordinary corporate preferred shares and more like structured…

By roxom · Apr 2026 · 11 min read

Articles

SWC’s Smart Warrant Cleanup: How 39 Million Cancelled Warrants Strengthened the Bitcoin-per-Share Story

The Smarter Web Company used modest short-term debt to remove a major dilution overhang, simplify its capital structure,…

By roxom · Apr 2026 · 9 min read

Articles

STRC vs SATA: How the Market Is Pricing Bitcoin Credit Risk

Why two Bitcoin-linked preferred securities with similar durations can trade at meaningfully different yields When investors look at…

By roxom · Apr 2026 · 10 min read

Articles

Metaplanet Is Buying Through the Bear Market

The strongest Bitcoin treasury stories are not written in bull markets. Anyone can look smart buying Bitcoin when…

By roxom · Apr 2026 · 9 min read

Articles

H100’s Bitcoin-For-Bitcoin Bet Could Be a Defining Step in Europe’s Public Bitcoin Treasury Race

On 23 March 2026, H100 announced a contemplated acquisition that, if completed, would transform it from a listed…

By roxom · Mar 2026 · 13 min read

Articles

SATA: Engineering Near-Par Stability in a Bitcoin-Linked Preferred

Why Strive’s preferred stock may be evolving into one of the most compelling income instruments in digital finance…

By roxom · Mar 2026 · 15 min read

Articles

What Is a Bitcoin Treasury Company? Structure, Strategy, and Why It Matters

Corporate treasuries have a problem. Cash loses purchasing power. Short-term bonds yield next to nothing in real terms.…

By roxom · Mar 2026 · 10 min read

Articles

Nakamoto’s $107 Million Roll-Up: Strategic Logic Meets Structural Reality

When Nakamoto Inc. (NASDAQ: NAKA) announced its agreement to acquire BTC Inc. and UTXO Management GP, LLC, the…

By roxom · Feb 2026 · 5 min read
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