Insights
Research, analysis, and perspectives on Bitcoin markets, treasury companies, and the future of digital capital markets.
Metaplanet Prefs: Pioneering Bitcoin-Backed Perpetual Preferred Stock in Japan- Part 1
Context & Strategic Significance Metaplanet has rapidly emerged as Japan’s leading Bitcoin treasury company, vaulting from zero holdings in 2024…
Metaplanet Prefs: Pioneering Bitcoin-Backed Perpetual Preferred Stock in Japan- Part 2
-> LINK TO PART 1 Stakeholder Benefits The Metaplanet Prefs are ingeniously structured to deliver benefits to all key stakeholders…
What Is a Bitcoin Treasury Company?
Introduction The Shift in Corporate Finance When inflation melts corporate cash faster than boards can replenish it, treasurers have two…
How Saylor Is Building Intelligent Leverage with Bitcoin-Backed Perpetual Preferred Stocks
Executive Summary: The Pioneering of Bitcoin-Backed Corporate Finance The company’s strategic pivot from conventional convertible debt to a tiered family…
Strive–Semler: Decoding the “210% Premium” and the Real Bitcoin Economics
Before the market opened Monday, Strive, Inc. (NASDAQ: ASST) announced it will acquire Semler Scientific, Inc. (NASDAQ: SMLR) in an…
Why NAKA Collapsed 90% From Its Peak: The Anatomy of a PIPE Unwind
NAKA was pitched as the “first Bitcoin-native holding company,” born out of KindlyMD’s reverse merger with Nakamoto Holdings. Within months…
Dilution vs. Dominance: Inside Metaplanet’s $1.4B Bitcoin Bet
Tokyo Metaplanet Inc., the Tokyo-listed company reinventing itself as Japan’s Bitcoin proxy, has completed one of the largest crypto-treasury financings…
H100 Group AB – Pioneering Sweden’s Bitcoin Treasury Strategy: Part 3
-> Read Part 1 -> Read Part 2 Governance, Risk Management & Controls H100’s novel strategy brings unique risks. The…
H100 Group AB – Pioneering Sweden’s Bitcoin Treasury Strategy- Part 2
-> Read Part 1 Valuation & mNAV Analytics At its core, valuing H100 Group comes down to valuing its Bitcoin…
H100 Group AB – Pioneering Sweden’s Bitcoin Treasury Strategy: Part 1
Executive Summary Thesis: H100 Group AB is leveraging its dual identity as a health-tech operator and Bitcoin treasury to maximize…
Smarter Web Company’s Institutional Playbook: Following the Path of Strategy & Metaplanet
Over the past week, The Smarter Web Company (SWC | TSWCF | 3M8) has announced three major governance and capital…
Michael Saylor’s “iPhone Moment”: Preferred Stock vs Convertible Bond
Introduction: A Transformative Financing Breakthrough When Michael Saylor, Executive Chairman of MicroStrategy, describes his company’s latest Bitcoin-bac…
Smarter Web Company (SWC PC) – Equity Research Report
Welcome to Roxom Research Report – 3R, the weekly digest where we analyze assets and companies shaping the Bitcoin economy.…