Numerous public firms have adopted Bitcoin treasury strategies in an effort to mimic MicroStrategy, which began purchasing Bitcoin in 2020 and now holds over $63 billion in BTC.

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Observing the success of MicroStrategy’s persistent, multi-billion dollar premium to its bitcoin (BTC) holdings, a cornucopia of companies boasting about their BTC and altcoin treasuries have spawned onto stock markets.

Many of those companies are seeking to replicate the success of Strategy (MSTR.O), formerly known as MicroStrategy, a software company that began accumulating bitcoin in 2020 and now holds more than $63 billion worth.