MicroStrategy

Strategy, the company formerly known as MicroStrategy, has turned itself into the largest corporate holder of bitcoin, and that is now the whole story. It still sells the business-intelligence software it was founded on in 1989, but under Michael Saylor it has raised billions through stock and debt and used the proceeds to buy bitcoin by the tens of billions of dollars' worth. That makes the stock a leveraged proxy for the cryptocurrency: it tends to rise faster than bitcoin when the coin rallies and fall harder when it drops, because the company keeps adding to the pile with borrowed money. Based in Tysons Corner, Virginia, Strategy has also issued a series of preferred shares to fund more buying. Owning it is less an investment in a software firm than a bet on bitcoin with extra volatility bolted on, and Saylor's conviction driving it.

On MyRWA, MSTR trades tokenized across 49 on-chain venues - see the listings below.