Crypto treasury, top or flop?

Hello my dears,

Opinions are divided right here.

And everyone says something different.

What is your opinion here? @stefan_21

permanent economic engines?

or rather a.

phase-out model?

Which companies do you still see at the forefront, and which would you rather stay away from?

Why can companies like Mara, Block or coinbase hardly benefit from this hype?

By the way, companies like

$MELI (+2,56%) hold 570 Bitcoin

$DEFI (-1,14%) hold 204 Bitcoin

$COIN (+0,61%) hold 11,776 Bitcoin

which makes the companies attractive in addition to their traditional business model.

And these companies tend to be my favorites because of their traditional business model.

Crypto treasury companies could become giants like Berkshire Hathaway in the long term, says analyst

https://www.coindesk.com/de/markets/2025/09/27/crypto-treasury-firms-could-become-long-term-giants-like-berkshire-hathaway-analyst-says

Bitcoin balance sheets demystified - one in four companies worth less than their coins

A new analysis by K33 Research reveals how risky the strategy of many listed companies to fill their balance sheets with Bitcoin is. The market is punishing them - in some cases, the companies are worth less than their own crypto holdings.

21.09.2025 - 10:00 am

https://www.investmentweek.com/bitcoin-bilanzen-entzaubert-jede-vierte-firma-weniger-wert-als-ihre-coins/

Bitcoin treasury: The house of cards is collapsing - one in four companies worth less than their coins

https://www.deraktionaer.de/artikel/krypto/bitcoin-treasury-das-kartenhaus-bricht-zusammen-jede-vierte-firma-weniger-wert-als-ihre-coins-20386669.html