21Shares mid-year report warns: 13 of 18 major Bitcoin treasury companies trading at a discount



According to the mid-year report released by crypto asset management company 21Shares on June 8, approximately 200 publicly listed companies hold a total of 1.28 million BTC, worth about $100 billion, far short of the year-end target of $250 billion set for entering 2026. Among the 18 largest digital asset treasury vehicles tracked, 13 are trading below the market value of their held assets, including MicroStrategy (NASDAQ: MSTR), which trades at 0.81 times its Bitcoin value despite holding 847,363 BTC.
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13 of 18 Major Bitcoin Treasury Companies Trading at Discount, 21Shares Mid-Year Report Warns
According to a mid-year report from crypto asset manager 21Shares released June 8, approximately 200 publicly-listed companies collectively hold 1.28 million BTC valued at roughly $100 billion, falling significantly short of the $250 billion year-end target set entering 2026. Of the 18 largest
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LateFeeLeo
· 06-25 19:14
1.28 million BTC only amounts to 100 billion—will the 250 billion year-end target be missed? Institutional FOMO still hasn’t come?
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ReefUnderTheMoonlight
· 06-25 18:02
13 institutions trading at a discount, is it time to change the narrative of the treasury strategy?
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OrdersPlacedBeforeTheStorm
· 06-25 17:54
MSTR at a 0.81 discount? The premium myth has finally been broken.
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