$ARCA (-5,19 %)
$ALTBG (+1,64 %)
$3350 (-7,39 %)
$MSTR (+1,32 %)

Take a look at K 33. Looks suspiciously like the beginning of MicroStrategy, Metaplanet and Blockchain Group.

They have recently started a Bitcoin treasury strategy and have already made two Bitcoin purchases. They have accumulated a total of 20 Bitcoin and still have at least 4-6 million at the start.

They have also set their target at 1000 Bitcoin, which should increase the share at least tenfold.

Like the other players, they will certainly soon be focusing on convertible bonds and ATMs.

The known quantities $MSTR (+1,32 %)
$3350 (-7,39 %)
$ALTBG (+1,64 %) are too boring and too unvolatile for you then $ARCA (-5,19 %) could be something for you ;-)

What is K33?

K33 ASA is a Norwegian company specializing in digital assets. It offers a platform for trading, managing and analyzing cryptocurrencies and is aimed at both private and institutional clients in the EMEA region (Europe, Middle East and Africa).

K33 ASA, formerly known as Arcario AB, is a Swedish holding company with subsidiaries in Norway and Luxembourg. The company operates several business areas:

• K33 MarketsA cryptocurrency trading platform that enables users to trade various digital assets. In February 2024, K33 Markets added seven new cryptocurrencies to its offering, including ALGO, GRT, FTM, MANA, SAND, APE and GALA. The platform supports trading pairs with seven major fiat currencies, including NOK, SEK, DKK, EUR, GBP, CHF and USD. The goal is to win back the local market in Norway and gain market share from international exchanges such as Binance, Coinbase and Kraken.
• K33 ResearchA research team that analyzes the crypto industry. According to K33 Research, about 35% of the global crypto industry workforce is located in Asia, mainly in Hong Kong and Singapore. In Europe, most crypto jobs are concentrated in the United Kingdom.
• Green DataAn environmentally friendly Bitcoin mining operation in Northern Norway that achieves a hashrate of almost 70 PH/s. The site benefits from low electricity prices and a cold climate, making it an attractive location for Bitcoin mining.
• Puremarkets LtdAn interbank OTC market for digital currencies in which K33 is involved.
• LN MarketsA Bitcoin exchange based on the Bitcoin Lightning Network, in which K33 also holds a stake.

Sources: Marketscreener

$BTC (+1,13 %)

If you are interested in an overview of Bitcoin Treasury companies, I think this page is quite good:

Bitcoin Treasuries - 228 Public Companies, Private Businesses and Other Entities

I myself hold a small position in $ARCA (-5,19 %)

This post is of course purely for inspiration and does not constitute investment advice

$MSTR (+1,32 %) With almost 1,500 Bitcoin BTC, the Blockchain Group is one of Europe's leading BTC treasury companies. Just yesterday, the French company announced the purchase of weiteren 624 BTC for €60.2 million.

And the share price shows it: The strategy is working. Since the beginning of the year, the share price ($ALTBG (+1,64 %) ) has risen by almost 1,000 %. In comparison: BTC has "only" risen by 13 %. (Source: News.bitcoin.com)

and now the question for you: same principle, different results. Why?

There is simply too little imagination why

$MSTR (+1,32 %) should perform better than $BTC. Last year it was different. But now it is not enough to underpin the company value with BTC and then hope for a factor that drives up the market value. A premium, so to speak, on the $BTC (+1,13 %). Why should you pay for the premium?

Bye bye $MSTR (+1,32 %)

See you again when you are at 200€🫶

Let's relax 🫶 $MSTR (+1,32 %)
$3350 (-7,39 %)
$AMZN (+1,49 %)
$3350 (-7,39 %)

I have been holding MicroStrategy shares ($MSTR (+1,32 %) ) for half a year now. Originally, my motivation was clear: I was looking for a leveraged play on $BTC (+1,13 %) without investing directly in derivatives or high-risk altcoins. $MSTR (+1,32 %) seemed like the perfect vehicle - an established company with an aggressive Bitcoin strategy, led by Michael Saylor, who has publicly emerged as one of the loudest BTC bulls. But what began promisingly is increasingly turning out to be a disappointing journey.

1.

Extreme volatility - without real added value

Of course, a certain amount of volatility is to be expected with a Bitcoin-related share - I was aware of that. But what increasingly bothers me is that these fluctuations often seem completely disconnected from Bitcoin's performance itself. While $BTC (+1,13 %) reaches new highs, it sometimes $MSTR (+1,32 %) sometimes stands still or even loses. If the leverage effect should be higher in theory, why this sluggish reaction?

2.

Dilution through capital increases

A massive damper is the repeated dilution through new share issues. In order to finance further Bitcoin purchases, MicroStrategy regularly issues new shares or bonds. What is lost in the process: shareholder value. The original leverage on Bitcoin is being diluted step by step - not only financially, but also psychologically for investors.

3.

Non-transparent communication around Bitcoin purchases

Michael Saylor may be a visionary - but as an investor I often feel like I'm being presented with a fait accompli. Bitcoin purchases no longer seem like strategically placed investments, but like one-sided bets on ever new all-time highs, regardless of the timing or market environment. As well-intentioned as the narrative is, there is a lack of clear, shareholder-friendly communication.

4.

What remains of the leverage effect?

The crucial point: the hoped-for leverage effect that made the MSTR share attractive to me no longer seems to exist. Despite a new all-time high for Bitcoin today - the share remains frozen. The Bitcoin share ratio continues to rise, but $MSTR (+1,32 %) does not follow accordingly. If BTC rises 3-4% and the share price does not react at all or even reacts negatively, then it becomes clear that the narrative no longer holds.

The only leverage effect I can feel is the downward one.

Today I decided to set a stop loss at €350.

If this is executed, I will forget about the share for a while and possibly get back in at more favorable prices.

prices again.

What do you think of the share and what was your experience?

Lg

Don 💸

The Japanese holding company Metaplanet Inc. (TSE: 3350) is currently causing quite a stir on the markets - and for good reason: the company is pursuing an increasingly aggressive Bitcoin accumulation strategy that is reminiscent of MicroStrategy for many investors.

Today, the stock posted a strong daily gain of over 14%, reaching a new 3-month high of JPY 783. This upward trend did not come out of nowhere: Metaplanet recently purchased 1,004 BTC worth around USD 104 million and now holds a total of over 7,800 BTC. This puts the company ahead of El Salvador - at least in terms of Bitcoin holdings.

💰 The purchase was financed via zero-coupon bonds, which underlines the management's long-term optimism and strong commitment. Metaplanet already generated around 88% of its revenue from Bitcoin options in the first quarter of 2025 - a clear signal that this company means business.

While many players are still hesitant, Metaplanet is now positioning itself as one of the most aggressive BTC proponents in Asia - and potentially beyond.

🔍 Why is this exciting for investors?

• Potential Bitcoin proxy investment outside the US
• Exposure to the crypto market via regulated stocks
• Comparable dynamics to MicroStrategy in the early days

📊 Conclusion: If you are betting on the long-term success of Bitcoin and are looking for an exciting play in the Asian market, Metaplanet should definitely be on your radar. The current rally could be just the beginning.

$BTC (+1,13 %)
$3350 (-7,39 %)
$MSTR (+1,32 %)
#crypto
#bitcoin