HodlingBTC: Bitcoin Treasury Tracker

Strategy has spent years teaching investors to watch one number: Bitcoin Per Share.

The idea was simple. Strategy buys bitcoin. It issues shares and other securities to finance those purchases. If its Bitcoin holdings grow faster than its diluted share count, Bitcoin Per Share rises.

In 2011, when a bitcoin cost less than a cinema ticket and the word 'crypto' still meant cryptography, a Stockholm entrepreneur named Christian Ander launched BTCX, Sweden's first bitcoin exchange. The company describes it as the world's first still-operating bitcoin-only exchange. A footnote for the pedantic: older company press releases dated the launch to 2012 before recent materials settled on 2011. Either way, Goobit was in the market years before most banks could spell blockchain.

The business was almost charmingly simple. Goobit never ran an order book like a stock exchange. It bought and sold bitcoin against Swedish kronor and took a spread on every trade, closer to a currency exchange booth than to Wall Street. The parent company Goobit Group AB (publ) was registered in 2013 and set up shop in Gamla Stan, Stockholm's medieval old town, an old-world address for a company selling the newest money in the world. Over the years it accumulated close to 300,000 registered customers and exchanged more than SEK 2 billion.

For eleven months, starting with STRC's July 2025 launch, Bitcoin treasury preferreds ran on a simple promise: a $100 par value and a dividend big enough to keep you there. In late June 2026, the market called the bluff. Then something more interesting happened. The issuers answered.

On June 26, both flagship instruments hit all-time lows on the same day. Strategy's STRC touched $71.25. Strive's SATA touched $79.01. Two different companies, two different structures, one identical verdict: yield alone was not holding the peg.

Strive has turned SATA into something unusual in public markets: a preferred stock from a bitcoin treasury company that pays cash dividends every business day.

On May 14, 2026, Strive announced that its Variable Rate Series A Perpetual Preferred Stock, listed under SATA, would move from monthly dividend payments to daily payments. The change took effect on June 16, 2026. Dividends are paid each business day to holders of record on the immediately preceding business day, if and when declared by the board.

SpaceX did not go public as a bitcoin company. But its IPO materials revealed one of the largest corporate bitcoin positions ever brought into public market disclosure.

The SpaceX prospectus states that, as of March 31, 2026 and December 31, 2025, the company held 18,712 units of bitcoin with a cost basis of $661 million. The fair value was $1.293 billion as of March 31, 2026 and $1.637 billion as of December 31, 2025.

Metaplanet has made its first major M&A transaction under Project Nova.

On 12 June 2026, Metaplanet announced that it had agreed to acquire Siiibo Securities for JPY 2.1 billion. The transaction is expected to close in July 2026, after which Siiibo Securities will become a wholly owned subsidiary and be renamed Metaplanet Securities.