Bitcoin treasury companies Loading... : Investor Sentiment and Bull/Bear Views
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23:05
Jan 16
Jan 16
Bitcoin treasury companies set for squeeze.
Bitcoin treasury companies were a crowded short as premiums to mNAV compressed. Now premiums are perking up, volatility has reset, convertibles issuance stopped, and if Bitcoin catches up to metals, a squeeze could drive a reinforcing spike to the upside.
MED
15:45
Jan 13
Jan 13
Bitcoin treasury companies win long term.
A handful of Bitcoin treasury companies should do exceedingly well when Bitcoin resumes its upward march. Twenty One/21 with Jack Mallers has strong access to capital markets, and Strive Asset Management, where Lavish is a board member, has strong management and a plan to arbitrage U.S. dollars against Bitcoin; MicroStrategy is cited as a leading example. Lavish cautions he cannot say much about Strive due to a merger.
MED
18:08
Oct 21
Oct 21
Bitcoin treasury companies are overhyped
Bitcoin treasury companies are overhyped because many have no operating business, products, services, receivables, recurring revenue, or goodwill. Unlike Saylor's company, which had EBITDA, customers, software, and employees, these empty treasury vehicles lack a real company underneath.
HIGH
16:35
Sep 02
Sep 02
Bitcoin treasury model risks liquidations
Bitcoin treasury companies are a systemic risk: combining Bitcoin with corporate treasuries is an oxymoron, and when Bitcoin drops sharply these vehicles can be forced to liquidate or get stopped out. He says the model is an example of 'peak bubble' and expects these tickers to suffer when Bitcoin loses a zero, though he might revisit Bitcoin after the washout.
HIGH
21:39
Jul 25
Jul 25
Most Bitcoin treasury companies will end badly.
Most Bitcoin treasury companies are leveraged financial-engineering vehicles trying to beat Bitcoin, but Bitcoin has no native yield and is very hard to outperform. Taking on debt or leverage to beat Bitcoin has historically ended badly, and only a few treasury companies will do exceptionally well; the rest will likely sell Bitcoin into a 25% drawdown and wreck shareholders. He prefers owning Bitcoin directly or using conservative balance-sheet allocations.
HIGH
18:52
Jul 14
Jul 14
Treasury company buying is froth
All these Bitcoin treasury companies are buying at the same time, which is pumping BTC, and they will all sell at the same time too. The commodities saying 'escalator up, elevator down' applies; when they rush for the exits, there will be a red candle for the ages. It is a sign of froth, though not cause for concern just yet. He wants to monitor for cracks in credit or a crypto selloff, and thinks broader macro contagion is more likely to catalyze the treasury-company unwind than the reverse.
HIGH
19:36
Jul 08
Jul 08
Treasury company NAV premiums are compressing.
Bitcoin treasury companies have relied on NAV premium and financial engineering to acquire more Bitcoin, but the premium is compressing and the trade is crowded with new entrants launching daily. They will need other yield sources, and Core can work symbiotically to provide staking yield, reducing the attractiveness of the pure financial-engineering model.
MED
22:21
Jun 30
Jun 30
Bitcoin treasury companies outperform Bitcoin long term.
Medium-to-long term, Bitcoin treasury companies should outperform direct Bitcoin because they can use capital-market tools such as equity, converts, and preferred equity to grow Bitcoin per share. They also provide tax-efficient and regulated exposure for investors who cannot or do not want to buy crypto directly, creating a tidal wave of capital into Bitcoin. Simon cautions investors to select disciplined companies with track records and a never-sell commitment.
HIGH
01:11
Jun 09
Jun 09
Bitcoin treasury companies destroy capital.
Bitcoin treasury companies are misallocating capital and adding no real economic value. They raise equity, borrow, and issue stock to buy Bitcoin, creating a pyramid/Ponzi-like structure rather than producing goods or services. Government crypto support encourages this misdirection while other countries build productive capacity, making the sector unattractive and dangerous.
HIGH
About Bitcoin treasury companies Investor Commentary
Across the available history and selected sources, Buzzberg tracks Bitcoin treasury companies across 4 sources: 3 bullish vs 0 bearish calls from 9 authors. Historical directional balance: 33% = 100 × (bullish − bearish) / all deduplicated idea records, including other directions. This is neither a probability of a price rise nor the share of bullish authors. 9 total trade ideas tracked. Latest voices: tyler_neville_, James Lavish, Grant Cardone.