BTC Flows & Cycles

Corporate Bitcoin Treasuries Gain but Financing Risks Intensify

Corporate Bitcoin Treasuries Gain but Financing Risks Intensify

Strategy remains the dominant corporate treasury vehicle, while Strive bought $81.5M of BTC near $73,000 through share issuance. Treasury stocks remain exposed to dilution, preferred claims, debt, falling mNAVs and potential index-related selling, making capital-market access as important as BTC performance.

Sources (3)
Updated Aug 28, 2026