According to @FarsideUK, an analysis of companies holding Bitcoin (BTC) in their corporate treasuries reveals their stock prices have significantly outperformed the underlying asset since January 31, 2024. The data shows Semler Scientific (SMLR) leading with a remarkable 139.7% gain, followed by MicroStrategy (MSTR) with a 106.3% increase. Other notable performers include DeFi Technologies (DEFI) at +78.2% and Metaplanet (3350.T) at +64.3%. For comparison, Bitcoin (BTC) itself saw a 45.3% price appreciation during the same period. This trend suggests that for traders, equity in these Bitcoin-holding firms has offered a leveraged play on the cryptocurrency's performance.

According to @QCompounding, analysis from 10x Research, led by Markus Thielen, indicates that Coinbase (COIN) shares are rapidly approaching an overvaluation threshold, creating a potential trading opportunity. The research highlights a fundamental disconnect, as COIN's 84% surge in the last two months has significantly outpaced Bitcoin's (BTC) 14% rise and underlying crypto trading volumes. Thielen suggests a pair trade of shorting COIN while going long BTC to capitalize on this dislocation, noting the stock's valuation appears extended and vulnerable to mean reversion. Separately, the report notes that MicroStrategy's (MSTR) perpetual preferred shares are rallying, potentially due to traders front-running the company's anticipated inclusion in the S&P 500 index. This speculation is fueled by Bitcoin's record monthly close, which, according to analyst Jeff Walton, boosts MSTR's earnings to a level that qualifies it for the U.S. equity benchmark.

According to @QCompounding, analysis from 10x Research indicates that Coinbase (COIN) shares are rapidly approaching an overvaluation threshold, creating a potential trading opportunity. 10x Research notes a significant disconnect between COIN's 84% price surge over two months and its underlying fundamentals, as Bitcoin (BTC) only rose 14% and crypto trading volumes remain modest. Their linear regression model suggests COIN's valuation is extended and vulnerable to mean reversion. Consequently, 10x Research recommends a pair trade: going long on Bitcoin while shorting Coinbase stock. Separately, the report highlights that MicroStrategy's (MSTR) perpetual preferred shares are rallying, potentially in anticipation of the company's inclusion in the S&P 500 index. This speculation is fueled by Bitcoin's high price boosting MSTR's quarterly earnings, which could satisfy the final criteria for index inclusion. The preferred shares have delivered significant returns, such as STRK's 42% gain since February, outperforming both Bitcoin and the S&P 500, while also offering attractive yields starting from 6.6%.

According to @QCompounding, analysis from 10x Research suggests a tactical pair trade of shorting Coinbase (COIN) stock while simultaneously holding a long position in Bitcoin (BTC). The research firm, led by Markus Thielen, notes that COIN shares are rapidly approaching an overvaluation threshold, having rallied 84% in the last two months while Bitcoin only gained 14%, creating a significant fundamental disconnect. 10x Research's linear regression model indicates that COIN's stock is overextended relative to Bitcoin's price and crypto trading volumes, making it vulnerable to mean reversion. Thielen suggests that positive catalysts like Circle's potential IPO and recent investor enthusiasm appear to be fully priced in. Separately, the report highlights that MicroStrategy's (MSTR) perpetual preferred shares are rallying, potentially front-running the company's anticipated inclusion in the S&P 500 index following Bitcoin's record-high monthly close which boosted MSTR's earnings profile.

According to @QCompounding, analysis from 10x Research suggests that Coinbase (COIN) shares are rapidly approaching overvaluation, creating a potential pair trade opportunity. The research firm recommends a strategy of shorting COIN while simultaneously going long on Bitcoin (BTC), citing a significant disconnect between the stock's fundamentals and its recent price surge. Specifically, COIN shares have rallied 84% in the last two months, whereas Bitcoin has only increased by 14%, and this rally is not supported by underlying crypto trading volumes, which are hovering around $108 billion, as noted by 10x Research. This deviation indicates that COIN's valuation is extended and at risk of mean reversion. Separately, MicroStrategy (MSTR) and its perpetual preferred shares are experiencing a rally, which may be driven by market anticipation of the company's inclusion in the S&P 500 index. This eligibility follows Bitcoin's record-high monthly close, which, according to analyst Jeff Walton, boosts MSTR's earnings per share to a level that satisfies the final criteria for S&P 500 inclusion. The perpetual preferred shares, such as STRK, have delivered returns outperforming both Bitcoin and the S&P 500 since their launch, while also offering attractive yields that may be drawing investor interest.

According to @QCompounding, analysis from 10x Research suggests that Coinbase (COIN) shares are rapidly approaching an overvaluation threshold, prompting a recommended pair trade of shorting COIN while going long on Bitcoin (BTC). The research highlights a fundamental disconnect, noting that COIN's 84% price surge over the past two months has significantly outpaced both Bitcoin's 14% rise and underlying crypto trading volumes, which hover around $108 billion. A regression model cited by 10x Research indicates that 75% of COIN's stock price is explained by BTC's price and trading volumes, suggesting the current premium is stretched and vulnerable to mean reversion. Separately, MicroStrategy's (MSTR) perpetual preferred shares are experiencing a significant rally, which may be due to investors front-running the company's potential inclusion in the S&P 500 index. Bitcoin's record monthly close reportedly boosted MSTR's earnings to a level that qualifies it for the U.S. equity benchmark, with an official announcement anticipated in September.

According to @QCompounding, research firm 10x Research, led by Markus Thielen, recommends a pairs trade of shorting Coinbase (COIN) stock while going long on Bitcoin (BTC). The firm's analysis indicates COIN shares are approaching overvaluation, having surged 84% in two months compared to BTC's 14% rise, creating a significant disconnect from fundamentals like trading volume. Thielen noted that a linear regression model shows 75% of COIN's price is explained by BTC's price and trading volumes, suggesting the stock's current premium is stretched and vulnerable to mean reversion. The report also highlights that MicroStrategy's (MSTR) perpetual preferred shares are rallying, potentially as investors front-run the company's anticipated inclusion in the S&P 500 index. According to analyst Jeff Walton, Bitcoin's record monthly close boosts MSTR's earnings per share to a level that qualifies it for the benchmark. The advance in preferred shares like STRK, which has returned 42% since its February launch, is also attributed to their attractive high yields, which currently surpass the Federal Reserve's target rate.

According to @saylor, while he champions national Bitcoin (BTC) adoption by meeting with Pakistani officials to discuss BTC as a sovereign-grade asset, a contrasting view has emerged from SkyBridge Capital's Anthony Scaramucci. In a Bloomberg interview, Scaramucci predicted the corporate BTC treasury strategy, pioneered by Saylor's MicroStrategy (MSTR), will fade because investors can buy the asset directly. Despite this skepticism, Saylor praised Pakistan's innovative approach, calling Bitcoin the 'strongest asset for long-term national resilience,' as other firms like Semler Scientific (SMLR) continue to follow MicroStrategy's lead by adding BTC to their balance sheets.

According to @FarsideUK, Paris-listed tech firm The Blockchain Group (ALTBG) has aggressively expanded its Bitcoin treasury, bringing its total holdings to 1,788 BTC valued at approximately 161.3 million euros. The source details that the company recently acquired 60 BTC for about 5.5 million euros, following an earlier purchase of 182 BTC. These acquisitions were funded through a series of convertible bond issuances and share subscriptions from notable investors including Blockstream CEO Adam Back and asset manager TOBAM. A key metric for traders, The Blockchain Group reports a year-to-date BTC yield of 1,270%, significantly outperforming other corporate Bitcoin holders like MicroStrategy (MSTR) at 19.1% and Semler Scientific (SMLR) at 26.7%, as cited in the report. Despite this aggressive accumulation strategy, ALTBG shares fell 2.1% in recent trading. The company's BTC is held in custody by Swiss digital asset provider Taurus. This news comes as the broader market shows bullish signs, with the provided data indicating BTC is trading around $109,340, up over 2% in 24 hours.