Keyrock 🔑🪨 (@keyrock) / X

Keyrock 🔑🪨

2,873 posts

Keyrock 🔑🪨

@keyrock

Keyrock is a global crypto investment group, providing industry-leading services across market making, asset management, OTC, and options trading.

Joined August 2017

Pinned
Keyrock 🔑🪨
@keyrock
Jun 9
While everyone’s caught up in Strategy’s moves this week, we’ve been focusing on European Bitcoin treasury companies. Our report, with interviews from @smarterwebuk @_ALCPB @H100Group @stackbtc_ @bitcoinhodlco, is available for download now.
2.2K
Keyrock 🔑🪨
@keyrock
44m
Replying to @keyrock
The US playbook shaped by Saylor’s Strategy doesn’t translate directly to Europe. How might the region’s Bitcoin treasury company sector take shape? Our full report reveals all.
European's Bitcoin Treasury Companies - Keyrock
From keyrock.com
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Keyrock 🔑🪨
@keyrock
44m
Replying to @keyrock
Multiple catalysts will also need to play out, which institutional stakeholders would be wise to follow, such as: 🔴 BSTR’s potential NASDAQ listing 🔴 MiCA’s transition period closes
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Keyrock 🔑🪨
@keyrock
44m
Replying to @keyrock
🔴Will Europe launch its first perpetual preferred equity? 🔴Will listings and consolidations occur that drive capital market champions? 🔴Which other European sovereign could state a BTC allocation, and will it include Bitcoin treasury company common equity or digital credit?
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Keyrock 🔑🪨
@keyrock
44m
As Keyrock’s @0xbenharvey notes in our latest report, the 12 months from May ‘26 could be transformational for the European Bitcoin treasury company sector. For that to happen, 3 analytical questions will need to be resolved… 🧵1/4
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Keyrock 🔑🪨
@keyrock
19h
What challenges need to be solved before we can say vaults are the future of asset management? Guillaume Chatain, Keyrock’s Head of Institutional Sales, provided the answers on stage at @Vault__Summit last week.
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Keyrock 🔑🪨 reposted
Keyrock 🔑🪨
@keyrock
Jun 9
While everyone’s caught up in Strategy’s moves this week, we’ve been focusing on European Bitcoin treasury companies. Our report, with interviews from @smarterwebuk @_ALCPB @H100Group @stackbtc_ @bitcoinhodlco, is available for download now.
2.2K
Keyrock 🔑🪨
@keyrock
Jun 9
Replying to @keyrock
Full 93-page report:
European's Bitcoin Treasury Companies - Keyrock
From keyrock.com
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Keyrock 🔑🪨
@keyrock
Jun 9
Replying to @keyrock
Europe is adapting the Strategy playbook because it can't adopt it as is. The next 12 months decide whether the cohort issues domestic Strategy-style digital credit at scale, or keeps consuming US issuance through wrappers. Which European DAT do you think scales next?
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Keyrock 🔑🪨
@keyrock
Jun 9
Replying to @keyrock
The next 12 months will reorder the European cohort. 4 events to watch: 1. European perpetual preferred 2. Treasury BV's Euronext Amsterdam admission 3. H100's 3,500 BTC pro-forma post-Norwegian acquisitions 4. SWC FTSE 250 inclusion The forward view sits in the report.
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Keyrock 🔑🪨
@keyrock
Jun 9
Replying to @keyrock
The thing nobody is talking about: European DATs are independent companies, but the funding behind them is one connected network. Bookmark this. The full architecture is mapped in the report.
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Keyrock 🔑🪨
@keyrock
Jun 9
Replying to @keyrock
The European Bitcoin ETP sector holds roughly 6x more Bitcoin than the entire European DAT cohort. A domestic European perpetual preferred would close that gap. This is the structural opening of the next 24 months.
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Keyrock 🔑🪨
@keyrock
Jun 9
Replying to @keyrock
The finding that surprised our analyst most: European institutional demand for rated digital credit runs materially DEEPER than demand for common equity. The conventional "Europe trails the US on credit" framing is backwards. The report names which European DAT issues first.
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