$/kWh edge cases
MiningMulti
Sub-$0.04/kWh = competitive
Source: encyclopedia
$10B raised Q2 2025
Treasury CosLong
Strategy $10B+ raised Q2 2025 ATM + IPOs
Source: SEC
$14B unrealized gain Q2 2025
Treasury CosLong
Strategy $14B unrealized gain Q2 2025
Source: SEC
$50B+ total cost basis
Treasury CosLong
Strategy ~$50.3B total cost basis
Source: Block
193 public companies model
Treasury CosLong
193 public companies adopted BTC treasury model
Source: Block
2024 BTC Yield 74.3%
Treasury CosLong
2024 BTC Yield 74.3% per share
Source: SEC
2024 mining halving
MiningShort
April 2024 halving cut block reward to 3.125
Source: encyclopedia
2025 target 15%+ Yield
Treasury CosLong
2025 target BTC Yield 15%+ per share
Source: SEC
3% of total Bitcoin supply
Treasury CosLong
Strategy holds 3%+ of 21M total BTC supply
Source: Block
738731 BTC Strategy holding
Treasury CosLong
Strategy ~738K+ BTC March 2026
Source: Block
AI/HPC pivot trend
MiningLong
Miners pivoting AI/HPC for revenue diversification
Source: CryptoTimes
ATM offerings funding
Treasury CosMulti
At-the-market equity offerings
Source: SEC
Adam Back Bitcoin Standard
Treasury CosLong
Adam Back Bitcoin Standard Treasury Co 30K BTC
Source: Block
AntPool
MiningMulti
AntPool Bitmain mining pool
Source: encyclopedia
Antminer S21 Bitmain
MiningMulti
Antminer S21 - top miner
Source: encyclopedia
Avg cost ~$74972/BTC
Treasury CosMulti
Strategy avg cost ~$74972/BTC Dec 2025
Source: Block
BRC-20 fungible token Mar 2023
BRC-20Long
BRC-20 fungible tokens via Ordinals March 2023
Source: encyclopedia
BTC Yield KPI
Treasury CosLong
Strategy BTC Yield KPI per share growth
Source: SEC
Babylon BTC staking
DeFi on BTCMulti
Babylon - native BTC staking
Source: encyclopedia
Bit Digital BTBT
Mining BTBTMulti
Bit Digital BTBT miner
Source: encyclopedia
BitVM bridge concept
L2/SidechainMulti
BitVM allows bridging via fraud proofs
Source: encyclopedia
Bitcoin Ordinals Jan 2023
OrdinalsLong
Ordinals NFTs on Bitcoin Jan 2023
Source: encyclopedia
Bitcoin Puppets popular
OrdinalsMulti
Bitcoin Puppets popular ordinals collection
Source: encyclopedia
Bitcoin Runes April 2024
RunesLong
Bitcoin Runes - fungible tokens via UTXO
Source: encyclopedia
Bitcoin yield per share 3.5%
Mining MARALong
MARA BTC yield per share 3.5% Q1
Source: SEC
Bitfarms BITF Canadian
Mining BITFMulti
Bitfarms BITF Canadian miner
Source: encyclopedia
Botanix BTC L2 EVM
L2/SidechainMulti
Botanix BTC L2 EVM-compatible
Source: encyclopedia
Bullish 24K BTC
Treasury CosLong
Bullish exchange 24300 BTC
Source: Block
Casey Rodarmor Ordinals
OrdinalsMulti
Casey Rodarmor Ordinals creator
Source: encyclopedia
Casey Rodarmor Runes design
RunesMulti
Casey Rodarmor Runes designer
Source: encyclopedia
Cipher Mining CIFR
Mining CIFRMulti
Cipher Mining CIFR
Source: encyclopedia
CleanSpark CLSK 13363 BTC
Mining CLSKLong
CleanSpark 13363 BTC
Source: Block
CleanSpark Tier 1 miner
Mining CLSKLong
CleanSpark - Tier 1 miner
Source: encyclopedia
Convertible bonds funding
Treasury CosMulti
Strategy convertible bond issuance
Source: encyclopedia
Core Scientific CORZ
Mining CORZMulti
Core Scientific CORZ AI pivot
Source: encyclopedia
Difficulty adjustment
MiningMulti
Difficulty adjusts every 2016 blocks
Source: encyclopedia
Domo creator BRC-20
BRC-20Multi
Domo - BRC-20 creator
Source: encyclopedia
Energy cost largest
MiningShort
Energy cost largest variable
Source: encyclopedia
F2Pool
MiningMulti
F2Pool major mining pool
Source: encyclopedia
Fair value accounting Q1 2025
Treasury CosLong
Strategy adopted fair value accounting Q1 2025
Source: SEC
Foundry USA largest
MiningMulti
Foundry USA largest BTC mining pool
Source: encyclopedia
GME GameStop BTC failed
Treasury CosShort
GameStop BTC purchases didn't help stock
Source: CCN
HIVE Digital HIVE
Mining HIVEMulti
HIVE Digital Technologies
Source: encyclopedia
Halving block etching
RunesLong
Runes etched starting halving block
Source: encyclopedia
Hash price metric
MiningMulti
Hash price - $ per TH/s/day
Source: encyclopedia
Hash rate exceeds RIOT
Mining MARALong
MARA hash rate higher than RIOT
Source: Yahoo
Hashpower futures futures
MiningMulti
Hashpower futures markets emerging
Source: encyclopedia
Hut 8 + USBTC merger
Mining HUTMulti
Hut 8 + US Bitcoin Corp merger
Source: encyclopedia
Hut 8 HUT 13696 BTC
Mining HUTLong
Hut 8 13696 BTC holdings
Source: Block
IBIT BlackRock $70B+ AUM
Bitcoin Spot ETFLong
iShares IBIT BlackRock $70B+ AUM
Source: encyclopedia
Inscriptions on satoshis
OrdinalsMulti
Inscriptions data on individual satoshis
Source: encyclopedia
Iris Energy IREN
Mining IRENMulti
Iris Energy IREN renewable
Source: encyclopedia
LN capacity 5K+ BTC
LightningLong
LN public capacity 5K+ BTC
Source: encyclopedia
LN nodes node operators
LightningIncome
Run LN node - earn routing fees
Source: encyclopedia
Lightning Labs LND impl
LightningMulti
Lightning Labs LND implementation
Source: encyclopedia
Lightning Network L2
LightningMulti
Lightning Network L2 instant cheap BTC
Source: encyclopedia
Lightning channels routing
LightningMulti
Lightning channels - routing payments
Source: encyclopedia
Liquid sidechain Bitcoin
LightningMulti
Liquid sidechain - federated BTC L2
Source: encyclopedia
Lombard LBTC
DeFi on BTCMulti
Lombard LBTC liquid restaking BTC
Source: encyclopedia
Luxor mining hub
MiningMulti
Luxor mining pool + analytics
Source: encyclopedia
MARA 47531 BTC Q1 2025
Mining MARALong
MARA 47531 BTC Q1 2025 +174% YoY
Source: SEC
MARA 53822 BTC March 2026
Mining MARALong
MARA 53822 BTC March 2026 #2 holder
Source: Block
MARA Marathon vertically integrated
Mining MARALong
MARA - largest US miner now vertically integrated
Source: Yahoo
Magic Eden BTC ordinals
OrdinalsLong
Magic Eden launched BTC ordinals trading
Source: encyclopedia
Metaplanet 35K+ BTC
Treasury CosLong
Metaplanet 35K+ BTC holdings
Source: Block
Metaplanet Japan +1923% 2024
Treasury CosLong
Metaplanet Japan +1923% in 2024
Source: CCN
Mined 2286 BTC + bought 340 Q1
Mining MARALong
Q1 2025 mined 2286 + bought 340 BTC
Source: SEC
NodeMonkes premium
OrdinalsMulti
NodeMonkes premium ordinal collection
Source: encyclopedia
ORDI first BRC-20 token
BRC-20Long
ORDI first BRC-20 token
Source: encyclopedia
Q1 revenue $214M +30% YoY
Mining MARALong
MARA Q1 2025 revenue $214M +30% YoY
Source: SEC
RGB protocol on Lightning
LightningMulti
RGB protocol smart contracts on Lightning
Source: encyclopedia
RIOT $525M conv Dec 2024
Mining RIOTLong
RIOT raised $525M convertibles Dec 2024
Source: Yahoo
RIOT +550% in 2024
Mining RIOTLong
RIOT +550% in 2024
Source: Yahoo
RIOT 18692 BTC YTD
Mining RIOTLong
RIOT 18692 BTC on balance sheet
Source: Yahoo
RIOT bought 5K BTC at ~$100K
Mining RIOTLong
RIOT bought 5K BTC ~$100K each
Source: Yahoo
RIOT pivoting AI infra
Mining RIOTLong
RIOT pivoting AI infra + energy plays
Source: CryptoTimes
RSIC Metaprotocol
OrdinalsMulti
RSIC metaprotocol Runes mining
Source: encyclopedia
Riot Platforms 31.5 EH/s
Mining RIOTLong
RIOT 31.5 EH/s hash rate
Source: Yahoo
Rootstock RSK
L2/SidechainMulti
RSK Rootstock EVM-compatible BTC sidechain
Source: encyclopedia
Runes minting fees fee market
RunesLong
Runes minting drove fee market
Source: encyclopedia
Runes vs BRC-20 efficiency
RunesLong
Runes more efficient than BRC-20
Source: encyclopedia
STRC short-duration credit
Treasury CosIncome
STRC - short duration high yield credit instrument
Source: SEC
STRD preferred
Treasury CosIncome
STRD preferred stock
Source: Block
STRF preferred
Treasury CosIncome
STRF preferred stock
Source: Block
STRK preferred
Treasury CosIncome
STRK preferred stock
Source: Block
Sats SATS BRC-20
BRC-20Long
SATS BRC-20 token
Source: encyclopedia
Saylor BTC bought 2020 first
Treasury CosLong
Saylor started BTC buying Aug 2020
Source: Yahoo
Solv Protocol SolvBTC
DeFi on BTCMulti
Solv Protocol SolvBTC LST
Source: encyclopedia
Spot ETF Jan 11 2024 launch
Bitcoin Spot ETFLong
US Bitcoin spot ETFs launched Jan 11 2024
Source: encyclopedia
Stacks STX BTC L2
L2/SidechainMulti
Stacks - Bitcoin L2 with smart contracts
Source: encyclopedia
Strategy -71% from summer peak
Treasury CosShort
Strategy stock -71% from summer 2025 peak
Source: Block
Strategy MSTR Saylor pioneer
Treasury CosLong
Strategy (formerly MicroStrategy) pioneer Saylor 2020
Source: Yahoo
Strategy mNAV 0.99 March 2026
Treasury CosMulti
Strategy mNAV 0.99 down from peak
Source: Block
Strike Jack Mallers
LightningMulti
Strike Jack Mallers Lightning payments
Source: encyclopedia
Taproot Assets Lightning
LightningMulti
Taproot Assets - issuing assets on Lightning
Source: encyclopedia
TeraWulf WULF green miner
Mining WULFMulti
TeraWulf WULF green energy miner
Source: encyclopedia
Twenty One Tether-backed
Treasury CosLong
Twenty One Tether-backed treasury 43K BTC
Source: Block
WBTC most-used wrapped
DeFi on BTCMulti
WBTC most-used wrapped BTC on ETH
Source: encyclopedia
Whatsminer M60
MiningMulti
Whatsminer M60 series
Source: encyclopedia
cbBTC Coinbase wrapped
DeFi on BTCMulti
cbBTC Coinbase wrapped BTC
Source: encyclopedia
An encyclopedia of publicly documented strategies for education. YCAI does not recommend, endorse, or trade any of these. Not investment advice.