Crypto
European companies\' bitcoin treasury strategies take local approach, making Strategy model hard to copy
European companies\' bitcoin treasury strategies are likely to be difficult to replicate directly from Michael Saylor\'s Strategy model, an analysis said. Firms are designing separate bitcoin-linked financing structures amid shallower capital markets and stricter regulation than in the United States. Speakers at Paris Blockchain Week 2026 said differences in market size, rules and investors make direct copying hard. Holdings are rising but remain fragmented among small and mid-cap companies, with several reporting unrealised losses.