October 2026
 | Strategy Inc is a bitcoin treasury company and a provider of business intelligence services. It is designed to provide investors varying degrees of economic exposure to Bitcoin by offering a range of securities, including equity and fixed-income instruments. The company also provides industry AI-powered enterprise analytics software. It has one reportable operating segment: the Software Business, which is engaged in the design, development, marketing, and sales of the company's enterprise analytics software platform through cloud subscriptions and licensing arrangements and related services (i.e., product support, consulting, and education). Geographically, the company operates in EMEA, U.S. and Other Regions, of which maximum revenue is derived from U.S.. | $137 | -49% | $58B | $77B | 160.7x | (14.1x) | ||
| Founded in 2009, Block provides payment services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network. In 2025, Square's payment volume was almost USD 260 million. | $78 | +2% | $47B | $42B | 1.7x | 19.0x | ||
| Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage and data analytics. | $173 | -50% | $46B | $43B | 6.0x | 24.1x | ||
| Circle Internet Group Inc is a financial technology firm engaged in digital currencies and public blockchains for payments, commerce, and financial applications. The company's platform is a full-stack, internet financial platform business, organized around three pillars: Arc Blockchain and Developer Infrastructure, Circle Digital Assets and Services, and Circle Applications. | $82 | -35% | $21B | $19B | 7.0x | (263.4x) | ||
| BitMine Immersion Technologies is a publicly traded digital-asset and blockchain-infrastructure company headquartered in Las Vegas. The business accumulated a large Ethereum treasury and developed staking operations intended to earn network rewards on those holdings. It also operates the Made in America Validator Network, known as MAVAN, as an institutional Ethereum staking platform. BitMine acquired Pier Two in March 2026 to add validator technology, personnel and operating capabilities to that platform. The company also has a history in cryptocurrency mining and infrastructure services. It earns revenue from staking, digital-asset infrastructure, mining and related treasury activities rather than from investment-management fees charged to third-party funds. Its shares trade publicly in the United States, exposing investors to the value and operating yield of its digital-asset holdings and infrastructure. | $22 | -54% | $13B | $13B | 2088.2x | (34.9x) | ||
| Bullish is an institutionally focused global digital asset platform focused on providing market infrastructure and information services. Its objective is to provide mission critical products and services that are designed to help institutions grow their businesses, empower individual investors, and drive the adoption of stablecoins, digital assets, and blockchain technology. It expanded its product offering to provide trusted insights, authoritative news, data, indices and transparent analysis to the digital assets industry while facilitating partnerships, investment opportunities, and community engagement through its flagship Consensus conference. | $29 | -40% | $4.5B | $3.8B | 0.0x | (5.2x) | ||
| Galaxy Digital Inc is engaged in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Its digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. The company invest in and operate cutting-edge data center infrastructure to power AI and high-performance computing, meeting the growing demand for scalable energy and compute solutions in the U.S. It has three operating business segments, Digital Assets and Data Centers, along with a Treasury & Corporate segment. | $16 | -54% | $3.1B | $6.5B | 0.1x | (36.6x) | ||
| Hyperliquid Strategies Inc is focused on building a substantial reserve of HYPE tokens from the Hyperliquid Layer-1 blockchain. HYPE is the native token of the Hyperliquid layer one blockchain and is used in Hyperliquid’s custom consensus algorithm, HyperBFT. The company holds approximately 583 million worth of HYPE tokens. | $9 | -- | $2.5B | $2.4B | 252.2x | - | ||
| SharpLink Inc is one of those publicly traded companies to adopt ETH as its primary treasury reserve asset - a move that aligns the company with the future of digital capital and gives investors direct exposure to Ethereum, a smart-contract platform and a digital asset. The company is also a trusted marketing partner to sportsbooks and online casino gaming operators world-wide. Through its iGaming affiliate marketing network, SharpLink owns and operates a portfolio of direct-to-player, state-specific, affiliate marketing websites designed to attract, acquire and drive local sports betting and online casino gaming traffic to its valued partners which are licensed to operate in each respective state. | $8 | -45% | $1.6B | $1.6B | 56.6x | (2.2x) | ||
| Securitize Holdings Inc provides a platform for tokenized real-world assets specializing in tokenizing real-world assets (RWAs) like funds, equities, and fixed income on blockchain networks. The company operates across two primary verticals: i) Tokenization: It consists of on-chain infrastructure and tokenization & distribution, ii) Asset Servicing: It covers post-issuance transfer agent and fund management services. The majority of the company's revenue is derived from the Tokenization vertical. | $10 | -- | $1.6B | $1.7B | 27.9x | (50.4x) | ||
| Chaince Digital Holdings Inc is digital fintech company providing access to the growing AI-powered infrastructure, blockchain, and digital assets. Its three core business lines include: blockchain and digital asset solutions, AI and HPC infrastructure, developing liquid cooling solutions for AI data centers and comprehensive financial services through Chaince Securities,LLC a FINRA-registered broker-dealer, and RIA. | $7 | -34% | $762M | $719M | 385.4x | (252.5x) | ||
| BitGo Holdings Inc provides various offerings to its clients including multi-signature blockchain wallet solutions allowing for secure storage, trade settlement, staking solutions, and lending of digital assets. The Company also provides professional services to develop smart contracts. Its clients range from crypto-native companies that use its self-custody wallet technology to traditional financial services firms that leverage its licensed custody, staking and trading capabilities within their own products and services. | $6 | -- | $691M | $979M | 0.1x | (113.2x) | ||
| Rhino Bitcoin Inc is a Nevada corporation and Bitcoin financial services company focused on making everyday banking and financial management accessible. It integrates traditional banking functions within a secure, user-friendly platform centered on Bitcoin and maintains an active Bitcoin treasury strategy. The Company offers account funding and withdrawal in USD and Bitcoin, Bitcoin trading, custody services, remittances, discounted gift card purchasing, retirement accounts, Bitcoin collateralized loans, bill payments, and direct deposit. Its primary revenue comes from trading activities earning a spread on client exchanges between Bitcoin and U.S. dollars, and it operates in the United States, Malaysia, and Hong Kong. | $9 | +112% | $660M | $660M | 1380.9x | (1581.6x) | ||
| Stewards Inc is a diversified private credit, real asset, and digital finance platform advancing responsible growth through disciplined underwriting, technology-driven analytics, and transparent governance. The company provides scalable financing and structured credit solutions to small and mid-sized businesses across the United States and is building a portfolio of income-producing real estate and digital-treasury assets that enhance balance sheet stability. | $3 | -2% | $598M | $752M | - | - | ||
| ProCap Financial Inc is focused on Bitcoin-focused media products and Bitcoin holdings. The Company typically provides advertising and marketing services through weekly digital media placements, including audio and social media advertisements. The Company offers media products to help independent investors understand financial markets, current events, and technology advancements. These media products include social media accounts, email newsletters, and audio or video content. The Company also added strategies related to the use of AI and automation to support the development and delivery of financial products and services. | $4 | -- | $291M | $368M | - | - | ||
| StableCoinX Inc is a newly-formed validator and infrastructure business expected to operate infrastructure and staking services, running validators and related technical services for the Ethena protocol. The company is expected to adopt a multi-year treasury strategy to build a reserve of ENA, the Ethena protocol’s native token. | $11 | -- | $257M | $245M | ||||
| Bakkt Inc is focused on building the backbone of next-generation financial infrastructure. The company provides financial technology solutions that support institutional participation in digital assets. Its offerings include infrastructure related to bitcoin, tokenization, stablecoin payments, and AI-enabled financial services. The company specializes in providing solutions designed to meet institutional requirements for security, scale, and regulatory compliance. | $6 | -79% | $252M | $202M | ||||
| Wewards Inc is a United States based company engaged in owning of a web-based platform accessible by mobile apps (the Platform) that will enable consumers to purchase goods from merchants and earn rebates payable in the form of Bitcoin. The Platform provides Bitcoin rewards ecosystem. The company also holds an IP which consists of technology and related rights associated with the game Megopoly that is a Massively Multiplayer Online Game. | $2 | -- | $215M | $225M | ||||
| Exodus Movement Inc is a self-custodial platform that connects people with the world of decentralized finance and the power of the blockchain. Available for desktop and mobile, it allows users to secure, manage and exchange cryptocurrencies like Bitcoin, Ethereum. Geographical presence in Europe, United States, the Middle East, and Africa (EMEA); Asia-Pacific (APAC); and Canada and Latin America (Other Americas). | $5 | -78% | $158M | $134M | ||||
| Solana Co is a publicly listed digital asset treasury established in partnership with Pantera and Summer Capital. The company is dedicated to acquiring Solana (SOL) and aims to maximize SOL per share by strategically leveraging capital market opportunities and on-chain activities. Through this model, Solana Company provides public market investors with efficient and direct exposure to Solana’s long-term growth potential. | $2 | -62% | $146M | $146M | ||||
| Sui Group Holdings is a United States public company operating a digital-asset treasury strategy centered on the Sui blockchain. The business previously operated as Mill City Ventures III and retained the same corporate identity when it adopted its current name in August 2025. Its activities include holding SUI, participating in native network protocols and developing financial uses for its treasury assets. The company also has a legacy specialty-finance business originating short-term loans. Its shares provide corporate equity exposure, which is legally distinct from owning SUI tokens directly. The company describes its objective in terms of increasing digital assets per share, with governance and financial disclosure through its public-company reporting obligations. Its current dedicated website is suig.io. | $1 | -54% | $103M | $100M | ||||
| BTCS Inc is is a U.S.-based, Nasdaq-listed blockchain technology company focused on revenue generation through blockchain infrastructure and decentralized finance (DeFi) activities, mainly on the Ethereum network. BTCS operates as an active participant in the Ethereum ecosystem, generating digital asset-denominated on-chain revenues through its operations. | $1 | -70% | $59M | $22M | ||||
| Stablecoin Development Corp is an on-chain holding company focused on long-duration participation in protocol-aligned digital asset ecosystems. The Company's initial digital asset focus is the Sky protocol ecosystem, with SKY as its core holding. Through staking and other on-chain activities, the Company seeks to generate protocol-level economic returns while maintaining rigorous governance and risk management oversight. | $1 | -85% | $46M | $39M | ||||
| Eyenovia Inc is a clinical-stage ophthalmic company developing a pipeline of therapeutics based on its proprietary array print (MAP) platform technology. It aims to achieve clinical microdosing of next-generation formulations of novel and existing ophthalmic pharmaceutical agents using its high-precision targeted ocular delivery system, branded the Optejet, which has the potential to replace conventional eye dropper delivery and improve safety, tolerability, patient compliance, and topical delivery success for ophthalmic eye treatments. Using its proprietary delivery technology, Eyenovia is developing the next generation of smart ophthalmic therapies that target new indications or New combinations. | $3 | -68% | $43M | $42M | ||||
| Phunware Inc is a software company. It is a cloud platform for mobile that provides companies with the products, solutions, and data and services necessary to engage, manage and monetize its mobile application audiences. It derives maximum revenue from United States. The company has two reportable segments: Software subscriptions and services; and Advertising. It derives maximum revenue from Software subscriptions and services. | $2 | -21% | $42M | - | ||||
| Prairie Operating Co is a Houston-based independent energy company engaged in the development and acquisition of oil and natural gas resources in the United States. The Company’s assets and operations are concentrated in the oil and liquids-rich regions of the Denver-Julesburg (DJ) Basin, with a focus on the Niobrara and Codell formations. The Company is committed to the responsible development of its oil and natural gas resources and is focused on maximizing returns through consistent growth, capital discipline, and sustainable cash flow generation. | $0 | -82% | $38M | $522M | ||||
| Crisp Momentum is an American public company, quoted over the counter under the ticker CRSF and headquartered at 230 Park Avenue in New York, that produces and distributes short-form scripted video. The Delaware corporation was incorporated in 1986 and originally sold an automated luminometer and reagent system for detecting microbiological contamination, later operating as IMSCO Technologies. It pivoted into blockchain and digital assets in 2021, renamed itself Descrypto Holdings at the end of 2021 and became OpenLocker Holdings in December 2022, with OpenLocker, Inc. as its operating subsidiary. In July 2025 it agreed to buy Crisp Momentum Inc. from Luxembourg-based Digital Knight S.à r.l. for 35.6 million shares, and on 28 August 2025 it took the Crisp Momentum name. Crisp is an IP monetisation business inspired by China's Duanju microdrama format, producing vertical, mobile-first series across genres from romantic drama to animation. It aims to earn from subscriptions, advertising, brand integrations, merchandise, licensing to other platforms and premium content, and it is led by chief executive Renger van den Heuvel. The company reported a net loss of $8.1 million for the year to July 2025, mainly from asset impairments, and had no full-time employees in January 2026. | Sports+2 | $0 | -- | $28M | $29M | |||
| Fold Holdings Inc is a bitcoin financial services company dedicated to expanding access to bitcoin through a comprehensive suite of consumer financial products. Its financial services platform that allows customers to earn, accumulate, and utilize bitcoin in their everyday life. | $1 | -85% | $28M | $12M | ||||
| Blaqclouds Inc is a real estate holding company focusing on international real estate acquisition, development and sales. | $0 | +653% | $25M | $25M | ||||
| Coinsilium Group Ltd is a venture builder, business accelerator, DeFi advisor, and strategic investor based in Gibraltar. The Group is engaged in venture building, accelerating, and investing in early-stage blockchain technology companies, alongside providing strategic advisory services to client projects. Its reportable segments are Investing Activities, Advisory Activities, and Corporate Activity, with Advisory Activities generating the maximum revenue. | PE & VC+1 | $0 | -- | $19M | $18M | |||
| Sentinel Holdings Ltd provides protective services to municipalities, corporations and personal protective gear to first responders and those protecting country here and abroad. | $2 | -71% | $17M | $17M | ||||
| House of Doge Inc develops infrastructure to support the use of Dogecoin in commerce. The company is working on systems for digital payments, financial products, and tokenization of real-world assets. It also provides consulting, educational resources, and operational support to businesses using Dogecoin. | $0 | -- | $8M | $12M | ||||
| Surgepays Inc is a wireless and point of sale technology company focused on serving underserved and value-conscious consumers through a combination of retail distribution and digital acquisition channels. It provides mobile connectivity, financial technology services, and transaction processing solutions through an integrated platform that combines wireless services with point of sale software and retail distribution. It enables in-store and online activation of wireless services, prepaid top-ups, and financial transactions, allowing consumers to access essential services in both local and digital environments. Its segments are wireless services or MVNO Telecommunications, platform services or MVNE Enablement Platform (HERO), and wholesale enablement or Comprehensive Platform Services. | $0 | -95% | $7M | $22M | ||||
| Arax Holdings Corp invests in TechFin and blockchain-based software solutions companies. The primary focus of Arax is to fuse decentralized solutions with financial service providers within multiple markets and communication networks to bring blockchain to everyday life. | $0 | +13% | $4M | $4M | ||||
| Waste Energy Corp is a waste-to-energy company that specializes in converting plastic and tire waste into valuable energy products and environmental commodities. The company’s mission is to address the plastic and tire waste crisis by offering a sustainable and economically viable solution. Utilizing thermal conversion technology, Waste Energy Corp transforms waste materials into clean diesel fuel, carbon black, and synthetic gas. Beyond its core operations, the company is also developing a patent-pending AI-based technology for emissions monitoring, management, and automated carbon credit generation. This innovation aims to improve transparency and efficiency within environmental markets. | $0 | -98% | $329K | $2M | ||||
| Genesis Holdings Inc formerly, Performance Drink Group Inc is a manufacturer and retailer of performance sports beverages. | $0 | -98% | $7K | $11K | ||||
| Median | $3 | -54% | $186M | $225M | 6.0x | (3.6x) |
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