Bitcoin current market news

Nansen: Not all Bitcoin-heavy firms get equal stock market love

Many firms now hold Bitcoin as a reserve asset, but markets care how they hold it, a Nansen report shows.

Bitcoin (BTC) is rapidly becoming a core part of the traditional financial system. According to a recent report by Nansen, new regulatory standards and macroeconomic factors have changed how corporations view Bitcoin exposure. This has led to the largest firms holding over 700K BTC.

Collectively, Strategy, Marathon Digital, Twenty One Capital, Riot Platforms, and Metaplanet own Bitcoin worth about $81.9 billion. Strategy, formerly MicroStrategy, controls the lion’s share of these holdings, with 601,550 BTC.

Still, not all of these companies are seeing the same effect on their stock prices. Specifically, Strategy trades at nearly double the valuation of its BTC holdings. In contrast, Marathon Digital, where BTC accounts for 85% of its market cap, trades at par with its Bitcoin reserves.