When evaluating “companies,” it is important to know something about the people involved in managing or supporting the actions of management. Below we share with you some of the Bitcoin Treasury companies that LOTM finds interesting or owns. We also link some of the key people involved with the individual companies. Part of our selection process when buying companies is to identify the people involved at the company level. We also note who they reference and might be in their network. We want to own and associate with successful people in the areas we invest.
Companies on the Bitcoin treasury List below that LOTM finds interesting or owns*:
#1 Strategy (formerly MicroStrategy) $371.90 MSTR – Michael Saylor
# 2 Mara Holdings (MARA*) $15.65 Fred Thiel
#3 Twenty One Capital – XXI (CEP, soon to be XXI) $27.55 Jack Mallers, Softbank & Tether and Cantor Co-founders
#4 Bitcoin Standard Treasury Company (CEPO $10.93, to be BSTR) Adam Back & Sean Bill and Cantor Co-founders
#7 MetaPlanet (MTPLF) $7.31 Mark Yusko advisor/Investor
#8 Galaxy Digital (GLXY*) $26.91 Michael Novogratz – best diversified crypto/blockchain position.
#10 Coinbase (COIN) – $316.16 Brian Armstrong, founder / CEO
#13 Block (XYZ) $73.75 co-founded by Jack Dorsey and Jim McKelvey in 2009.
#16 ProCap BTC (CCCM) Anthony Pompliano, CEO / Mark Yusko advisor Investor, Adam Back board member
#49 Alliance Resource Partners (ARPL*) $26.22 dividend of 9%. Our interest is in ARPL owning BTC – Energy & Dividend in this situation.
#55 Neptune Digital (NPPTF*) $0.86 – asset management company owners of BTC, SOL & ETH, Also does staking and BTC mining.
#62 LQWD Tech (LQWDF) $1.79 backed by UTXO Management GP, LLC – BTC Treasury and BTC Lightening developer.
#66 DeFi Technologies (DEFT*) $2.65 broad based international owner of BTC and multiple alt-coins -ETH, SOL and Sui
#86 Matador Technologies (MATAF*) $0.43 backed by Mark Moss and UTXO Management GP, LLC focused on BTC Treasury and gold.
LOTM has listed above companies we find of interest. One of our profiling criteria is the people involved in the company. Behind the company names we listed we have shared some of the people or teams working on the respective companies. People make a difference. The network these people know and are part of makes a difference. Besides owning Bitcoin, the names above have different perspectives and agendas in how they work with or own Bitcoin. This falls into “Know your Company” and why you own it.
Be assured, LOTM will add and subtract names from our ownership and interest above.
Linked here is a conversation with Ran Neuner, Founder of Crypto Banter.
What Would Crash Bitcoin? This Is Single Biggest Risk Now – July 31, 2025
Ran discusses the ongoing bull market, predicts Bitcoin could hit $250,000 by the end of 2025, warns about risks from leverage in treasury companies, and shares his success with emotion-free trading bots for Bitcoin and Ethereum.
Most importantly Ran states clearly what he believes will drive the bear market in Bitcoin and alt-coins following the current rally. It will be the popping of the Bitcoin Treasury companies’ bubble. LOTM shares this as a pre-warning to what will probably happen, But the timing is unknown at this time.
Source link: https://bitcointreasuries.net/ – numbers can change daily
ABOUT: On #4 on the list above Bitcoin Standard Treasury Company, symbol CEPO, to become symbol BSTR on completion of the merger.
Bitcoin Standard Treasury has agreed to merge with a special purpose acquisition company sponsored by an affiliate of Cantor Fitzgerald to bring its bitcoin treasury public.
BSTR said Thursday the deal includes a total private placement of up to $1.5 billion, including $400 million in common equity priced at $10 a share.
The placement also involves up to $750 million in convertible senior notes and $350 million in convertible preferred stock. It also includes a commitment of 5,021 bitcoin, as well as 25,000 bitcoin to be contributed by founding shareholders, both priced at $10 a share.
Cantor Equity Partners I will contribute up to about $200 million, subject to shareholder redemptions and priced at $10 a share, BSTR said.
The placement and bitcoin contributions would give BSTR the fourth largest public corporate bitcoin treasury, the company said. It expects to use the net proceeds from the deal to acquire additional bitcoin and build a suite of bitcoin-native capital-markets products and advisory services.
The combined company will be led by Chief Executive Adam Back and Chief Investment Officer Sean Bill. It is expected to trade under the symbol BSTR. Written by Kelly Cloonan at kelly.cloonan@wsj.com
LOTM Research & Consulting Service
* An account related to LOTM holds a position in this security.
Neither LOTM nor Tom Linzmeier is a Registered Investment Advisor.
Please refer to our web site for full disclosure at www.LivingOffTheMarket.com ZTA Capital Group, Inc.
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