According to @QCompounding, research firm 10x Research, led by Markus Thielen, recommends a pairs trade of shorting Coinbase (COIN) stock while going long on Bitcoin (BTC). The firm's analysis indicates COIN shares are approaching overvaluation, having surged 84% in two months compared to BTC's 14% rise, creating a significant disconnect from fundamentals like trading volume. Thielen noted that a linear regression model shows 75% of COIN's price is explained by BTC's price and trading volumes, suggesting the stock's current premium is stretched and vulnerable to mean reversion. The report also highlights that MicroStrategy's (MSTR) perpetual preferred shares are rallying, potentially as investors front-run the company's anticipated inclusion in the S&P 500 index. According to analyst Jeff Walton, Bitcoin's record monthly close boosts MSTR's earnings per share to a level that qualifies it for the benchmark. The advance in preferred shares like STRK, which has returned 42% since its February launch, is also attributed to their attractive high yields, which currently surpass the Federal Reserve's target rate.

According to @saylor, while he champions national Bitcoin (BTC) adoption by meeting with Pakistani officials to discuss BTC as a sovereign-grade asset, a contrasting view has emerged from SkyBridge Capital's Anthony Scaramucci. In a Bloomberg interview, Scaramucci predicted the corporate BTC treasury strategy, pioneered by Saylor's MicroStrategy (MSTR), will fade because investors can buy the asset directly. Despite this skepticism, Saylor praised Pakistan's innovative approach, calling Bitcoin the 'strongest asset for long-term national resilience,' as other firms like Semler Scientific (SMLR) continue to follow MicroStrategy's lead by adding BTC to their balance sheets.

According to @FarsideUK, Paris-listed tech firm The Blockchain Group (ALTBG) has aggressively expanded its Bitcoin treasury, bringing its total holdings to 1,788 BTC valued at approximately 161.3 million euros. The source details that the company recently acquired 60 BTC for about 5.5 million euros, following an earlier purchase of 182 BTC. These acquisitions were funded through a series of convertible bond issuances and share subscriptions from notable investors including Blockstream CEO Adam Back and asset manager TOBAM. A key metric for traders, The Blockchain Group reports a year-to-date BTC yield of 1,270%, significantly outperforming other corporate Bitcoin holders like MicroStrategy (MSTR) at 19.1% and Semler Scientific (SMLR) at 26.7%, as cited in the report. Despite this aggressive accumulation strategy, ALTBG shares fell 2.1% in recent trading. The company's BTC is held in custody by Swiss digital asset provider Taurus. This news comes as the broader market shows bullish signs, with the provided data indicating BTC is trading around $109,340, up over 2% in 24 hours.