Crypto

Bitcoin direct purchase or treasury stocks? Key is per-share holdings and debt structure

Bitcoin treasury companies can generate higher returns than bitcoin itself in rising markets, but the same structure can deepen losses in downturns, the article said. As of September 2026, 179 listed companies had added bitcoin to their balance sheets. Analysts said investors should focus on fully diluted bitcoin per share after accounting for debt and preferred claims. Examples cited included Metaplanet, Strive, Strategy, Nakamoto and Satsuma Technology.

Crypto

Digital asset taxation next year in focus as bitcoin battles around $80,000

With South Korea set to implement digital asset taxation in 2027, calls are growing to overhaul a system that classifies both capital gains and lending income as miscellaneous income. Critics say income should be separated by transaction type and tax infrastructure built to link data from exchanges and personal wallets. The article also tracks U.S. legislative timing risks for the Clarity Act, a bitcoin rally above $81,000, shifts in correlations, Japan’s rate and regulatory moves, and notable on-chain activity.