Roxom’s research team insights. Articles are meant to spark thought, highlight trends, and give a sharper take on what’s moving the digital asset markets.
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Executive Summary Early 2026 delivered a violent stress test for every instrument indirectly linked to Bitcoin. Spot BTC fell roughly 50% from late-2025 highs, compressing equity risk premia and detonating P&L optics for bitcoin-exposed corporates. Yet Strategy Inc.’s Variable Rate Series A Perpetual Stretch Preferred (STRC) largely
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Introducing Auto-Earn for a Bitcoin-Denominated Capital Market Roxom is expanding beyond trading infrastructure into Bitcoin-native wealth functionality. With the launch of Auto-Earn, users can now generate Bitcoin-denominated returns on idle BTC balances while maintaining full liquidity across the platform. At launch, eligible users may earn up to 4% APY, with
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Bitcoin has just experienced another significant correction roughly a 45% drop from recent highs. For many, that feels jarring. For long-term observers, it’s familiar. But beyond the fear and the headlines, this drawdown reveals deep lessons about how Bitcoin actually works structurally, psychologically, and economically. Volatility Is Not a
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In late January 2026, Metaplanet executed a third-party allotment of common shares and stock acquisition rights that, at first glance, looked like another aggressive Bitcoin accumulation raise. The structure was premium-priced. The warrants were independently valued. Dilution was contained. But the updated allocation schedule tells a more nuanced story. This
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What Changes When Stocks Are Priced and Measured in BTC Roxom Insights For most of financial history, the hurdle rate was implicit. Investors measured success against inflation, interest rates, or market indices benchmarks rooted in fiat money. But Bitcoin changes that framework entirely. For Bitcoin-native investors, the hurdle rate is
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A UK Tech Business, a Bitcoin Treasury Vision, and the Next Phase of Institutional Legitimacy The approval and publication of the prospectus for The Smarter Web Company PLC marks a defining moment in the firm’s corporate journey. What began as a UK-born web design and digital marketing business is
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A balance-sheet case study in Bitcoin-native capital structuring When Strive, Inc. released two back-to-back announcements on January 21 and January 22, 2026, many investors were left asking a simple question: Did Strive raise $150 million or $118 million? The correct answer critically is $118 million in cash, with the remainder
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The shareholder approval of Strive, Inc.’s acquisition of Semler Scientific marks a watershed moment in the evolution of Bitcoin-native corporate finance. With this transaction, Strive, Inc. is not merely growing its balance sheet it is institutionalizing a new playbook for how Bitcoin treasury companies can scale, deleverage, and amplify
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Introduction: Why the World Still Lacks “Good Money” For over a decade, Bitcoin has proven itself as digital capital, a scarce, global, censorship-resistant store of value. It has absorbed volatility, rewarded long-term holders, and increasingly sits on corporate and institutional balance sheets. Yet despite Bitcoin’s success, one core problem
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To: Henry A. Fernandez Chairman and Chief Executive Officer MSCI Inc. Re: Comments on Proposed Exclusion of Bitcoin Treasury Companies from MSCI Indices Dear Mr. Fernandez, Roxom appreciates the opportunity to comment on MSCI’s proposed exclusion of companies whose digital asset holdings exceed 50% of total assets from the
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What Bitcoin has done for money, Roxom is doing for capital markets. We're thrilled to unveil Roxom’s Bitcoin Treasury Stock Exchange today, now available through whitelisted early access as the world's first regulated Bitcoin Stock* Exchange and Capital Market. This platform empowers investors around the
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Executive Summary Bitcoin Treasury Companies (BTCTCs) operate with a financial objective distinct from traditional corporations long-term maximisation of Bitcoin per Share (BPS). Their balance sheets function primarily as Bitcoin reserve portfolios, and the integrity of these reserves determines their strategic position across market cycles. When BTCTC equity trades below monetary