The Encryption Concept Unit observed daily: Strategy marched towards 740,000 warehouse gates, and the ETH Treasury entered the era of life
Evolution of capital packagings: MicroStrategy's "resistence" logic
U.S. time, March 10thMicroStrategy (NASDAQ: $MSTR)THE SUBMISSION OF THE 8-K FILE SHOCKED THE MARKET AGAIN. THE COMPANY DISCLOSED THAT, IN ITS SUCCESSIVE TRANSACTIONS AT THE BEGINNING OF MARCH, IT HAD USED ITS ATM MECHANISM TO RAISE FUNDS AND BUY THEM AGAIN17,994 BTCSThe average price is about $70,946。
As of yesterday, its bitcoin holding warehouse had risen738,731 piecesI don't know. For MSTR, Bitcoin is no longer merely a reserve asset, but a continuously enlarged “capital container”. By tying equity financing to the increase in bitcoin into a set of “capital machines” that can be replicated, Strategy is defining an entirely new corporate finance paradigm: repurchase of digitally scarce assets using capital market premiums。
Scrambling in size: Strive is at the forefront of global currency holdings through M&As
In the meantime, another NASDAQ showStrive (NASDAQ: $ASST)Cross-cutting growth is being achieved through M&A paths. Yesterday, Strove completed the whole stock acquisition of Semler Scientific, which not only consolidated business but also increased its treasury directly by more than 5,000 BTCs。
After the merger, the total hold of Strive jumped to12,797 piecesI don't know. This “shell + currency bank” restructuring model demonstrates how listed companies quickly acquire bitcoin risk exposures through asset consolidation, rather than relying solely on a secondary market for slow extraction。
PRODUCTIVE ASSETS: ETH TREASURY CASH FLOW REVOLUTION
BEYOND BITCOIN, THE “PRODUCTIVITY” OF THE ETH TREASURY BEGAN TO BE VALIDATED ON MARCH 10。Sharplink (NASDAQ: $SLTK)Issued a year-round performance report stating that the company had completed its strategic transition to the Etherum Treasury platform at the corporate level, with a cumulative ETH hold-up reached868,699 piecesI don't know。
The brightest data in its financial statements are on profitability: in the fourth quarter of 2025, revenues from chain pledges reached$15.3 millionI don't know. Sharplink proved that ETH was not just a storage of value, but a productive asset with the dual attributes of “reserves + proceeds”. This model is attracting institutional investors seeking double feedback on asset value added and cash flows, pushing ETH Treasury shares towards new valuation dimensions。
Data source:https://bbx.com/THE ENCRYPTION CONCEPTS INFORMATION BASE IS BASED ON YESTERDAY'S GLOBAL LISTED CORPORATE BULLETIN AND THE SEC/TSE DISCLOSURE DOCUMENT。
