Latest Bitcoin Treasury News

The Saylor Warning Every Treasury CEO Ignored

Joseph Onorati joins the show the week DeFi Development Corp filed CHAD, a variable-rate perpetual preferred with a 13% initial dividend paid daily and a $10 par, modeled on Strive's SATA. Joseph spent eight years at Kraken, the last stretch as chief strategy officer, before buying control of a Nasdaq shell in 2025 and turning it into the first non-Bitcoin treasury company in the US. Within months DFDV was the comp on every other treasury company's pitch deck. His argument is that the four-year cycle can't survive everyone predicting it, that treasury companies will displace ETFs, and that the only rule that matters in a levered vehicle is what you do at the bottom.

Private Companies Holding Bitcoin

Private companies and institutions that hold Bitcoin as a treasury reserve asset.

BTC Held by Private Companies

284,650

$21.88B

Number of Private Companies

BTC Price

$76,881

Asset Dominance

93.6%

BTC 93.6% ETH 5.6% SOL .51% BNB .14% XRP .14%

Private Companies Ranked by Bitcoin Holdings

#	Name
1	🇺🇸	Block.one	₿ 164,000	$12,608M	0.781%
2	🇻🇬	Tether Holdings Limited	₿ 100,000	$7,688M	0.476%
3	🇺🇸	Stone Ridge Holdings Group	₿ 10,000	$769M	0.048%
4	🇨🇭	The Tezos Foundation	₿ 2,903	$223M	0.014%
5	🇺🇸	Cardone Capital	₿ 2,700	$208M	0.013%
6	🇺🇸	Zap Solutions, Inc (Strike)	₿ 1,500	$115M	0.007%
7	🇺🇸	GIGA Inc.	₿ 1,252	$96M	0.006%
8	🇧🇲	Meanwhile Incorporated	₿ 759	$58M	0.004%
9	🇺🇸	River Financial Inc.	₿ 478	$37M	0.002%
10	🇫🇷	Melanion Digital	₿ 342	$26M	0.002%
11	🇺🇸	Steak 'n Shake	₿ 162	$12M	0.001%
12	🇩🇪	Evertz Pharma	₿ 100	$8M	0.000%
13	🇦🇷	Roxom Global	₿ 98	$8M	0.000%
14	🇬🇧	Real Bedford FC Ltd	₿ 83	$6M	0.000%
15	🇨🇭	Relai	₿ 30	$2M	0.000%
16	🇺🇸	Stacking Sats Inc	₿ 29	$2M	0.000%
17	🇺🇸	Pepperoni Software	₿ 18	$1M	0.000%
18	🇺🇸	West Main Self Storage	₿ 16	$1M	0.000%
19	🇲🇽	Arcadia₿	₿ 16	$1M	0.000%
20	🇨🇭	SayNode Operations AG	₿ 15	$1M	0.000%
21	🇨🇭	Bitcoin Association Switzerland	₿ 15	$1M	0.000%
22	🇺🇸	Occams Advisory Inc	₿ 15	$1M	0.000%
23	🇻🇬	JAN3	₿ 12	$1M	0.000%
24	🇺🇸	Boxabl Inc	₿ 10	$1M	0.000%
25	🇺🇸	Forager	₿ 8	$1M	0.000%
26	🇺🇸	Laier Two Labs, Inc. (Satlantis)	₿ 8	$1M	0.000%
27	🇬🇧	Maillot Jaune Consulting Ltd	₿ 7	$1M	0.000%
28	🇺🇸	Grass Appeal LLC dba Blackstone Valley Cannabis	₿ 7	$1M	0.000%
29	🇺🇸	LunarCrush	₿ 6	$0M	0.000%
30	🇺🇸	Blockhenge	₿ 5	$0M	0.000%
31	🇺🇸	Orange Pill App, Inc.	₿ 5	$0M	0.000%
32	🇺🇸	BTC Frame, Inc.	₿ 5	$0M	0.000%
33	🇦🇺	Synergy Science	₿ 3	$0M	0.000%
34	🇺🇸	Whitepaper	₿ 3	$0M	0.000%
35	🇨🇦	Canurta Therapeutics	₿ 3	$0M	0.000%
36	🇦🇹	21BitcoinApp	₿ 3	$0M	0.000%
37	🇸🇪	Bitcoin Holding Sweden AB	₿ 3	$0M	0.000%
38	🇺🇸	Crestmont Fabrics Ltd	₿ 2	$0M	0.000%
39	🇦🇺	Cloud Ventures	₿ 2	$0M	0.000%
40	🇺🇸	Dufourfun Rentals LLC	₿ 2	$0M	0.000%
41	🇬🇧	Content Formula Ltd	₿ 2	$0M	0.000%
42	🇬🇧	Northern Health Ltd	₿ 2	$0M	0.000%
43	🇭🇺	KV Cégcsoport	₿ 2	$0M	0.000%
44	🇬🇧	BRULO	₿ 2	$0M	0.000%
45	🇦🇹	klarkurs steuerberatung gmbh	₿ 2	$0M	0.000%
46	🇺🇸	Glowal	₿ 2	$0M	0.000%
47	🇺🇸	ACK Eats (Delivery.com \| Nantucket)	₿ 1	$0M	0.000%
48	🇺🇸	Newhedge, Inc.	₿ 1	$0M	0.000%
49	🇦🇹	Bergfahrten	₿ 1	$0M	0.000%
50	🇺🇸	San Antonio Elite Chiropractic	₿ 1	$0M	0.000%
51	🇺🇸	WFMU	₿ 1	$0M	0.000%
52	🇺🇸	Rainforest Foundation US	₿ 1	$0M	0.000%
53	🇺🇸	MetalMark	₿ 1	$0M	0.000%
54	🇮🇩	Bitcoin Centre Indonesia	₿ 1	$0M	0.000%
55	🇺🇸	SiliconAI Corporation	₿ 1	$0M	0.000%
56	🇵🇱	Rocksoft	₿ .6	$0M	0.000%
57	🇭🇺	Effex Solutions Kft.	₿ .6	$0M	0.000%
58	🇺🇸	Jackson Dentistry and Dental Implants	₿ .5	$0M	0.000%
59	🇺🇸	ICAP BUYERS NETWORK LLC	₿ .5	$0M	0.000%
60	🇲🇾	kheAI	₿ .4	$0M	0.000%
61	🇦🇹	Leveler	₿ .4	$0M	0.000%
62	🇨🇱	OrangePill Capital	₿ .3	$0M	0.000%
63	🇪🇸	Sobtree	₿ .3	$0M	0.000%
64	🇮🇳	Roots Education Private Limited	₿ .3	$0M	0.000%
65	🇸🇰	ONYX:XYZ	₿ .3	$0M	0.000%
66	🇺🇸	IRC Legal	₿ .1	$0M	0.000%
67	🇺🇸	RCD Physical Therapy	₿ .1	$0M	0.000%
68	🇨🇦	King Tours	₿ .1	$0M	0.000%
69	🇺🇸	Altgeld Bitcoin Reserve (ABR)	₿ 0	$0M	0.000%
70	🇧🇷	ssias	₿ 0	$0M	0.000%
71	🇦🇷	SR DURDEN	₿ 0	$0M	0.000%
72	🇺🇸	Disher Music Gear	₿ 0	$0M	0.000%
73	🇦🇪	475 Capital	₿ 0	$0M	0.000%
74	🇺🇸	Orange Juice	₿ 0	$0M	0.000%
		Total:	284,650	$21,884M	1.355%