Through the Looking Glass: Bitcoin Treasury Companies

Fuente: arXiv
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Autor principal: Meister, B K
Formato: Preprint
Publicado: 2025
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author Meister, B K
author_facet Meister, B K
contents Bitcoin treasury companies have taken stock markets by storm amassing billions of dollars worth of tokens in hundreds of entities. The paper discusses, how leverage - whether created through corporate debt or investors using stock as loan collateral - fuels this trend. The extension of the binary-choice Kelly criterion to incorporate uncertainty in the form of the Kullback-Leibler divergence or more generally Bregman divergence is also briefly discussed.
format Preprint
id arxiv_https___arxiv_org_abs_2507_14910
institution arXiv
publishDate 2025
record_format arxiv
spellingShingle Through the Looking Glass: Bitcoin Treasury Companies
Meister, B K
Portfolio Management
Bitcoin treasury companies have taken stock markets by storm amassing billions of dollars worth of tokens in hundreds of entities. The paper discusses, how leverage - whether created through corporate debt or investors using stock as loan collateral - fuels this trend. The extension of the binary-choice Kelly criterion to incorporate uncertainty in the form of the Kullback-Leibler divergence or more generally Bregman divergence is also briefly discussed.
title Through the Looking Glass: Bitcoin Treasury Companies
topic Portfolio Management
url https://arxiv.org/abs/2507.14910