TD Securities has established Public Bitcoin Treasury Companies (PBTCs) as a distinct investable equity category, defining formal institutional standards.
Michael Saylor’s Strategy is driving nearly all corporate Bitcoin accumulation, turning its STRC-fueled treasury model into the dominant force reshaping how companies approach Bitcoin in 2026.
Strategy (MSTR) added to its bitcoin position in early April, acquiring 4,871 BTC for about $329.9 million, reinforcing its balance-sheet-focused accumulation strategy despite sizable unrealized losses.
