A recent report by Binance Research (June 2025) analyzes in detail the performance of companies that have integrated crypto exposure, highlighting interesting trends and critical issues.
Metaplanet and MicroStrategy: the pioneers of Bitcoin in balance sheet
In recent years, more and more publicly traded companies have adopted strategies related to digital assets to diversify their balance sheets and ride the growth of the sector. But do the markets really reward these moves?
The two most emblematic companies of this narrative are Metaplanet and MicroStrategy, true pioneers of crypto-linked treasury strategies.
đ Metaplanet: maximum return of 9874%, current 8563%
đ MicroStrategy: maximum return of 3925%, current 2746%
These extraordinary numbers have inspired other companies to replicate the approach. However, the report highlights that the most recent attempts have not produced the same results.
The new entrants: enthusiasm, but few results
Among the most recent to implement crypto-linked strategies we find:
- SharpLink: peak +39%, currently in decline
- SRM Entertainment: peak +87%, current +13%
- Nano Labs: peak +188%, current -5%
This demonstrates how a simple ânarrative boostâ is no longer enough. Even Riot Platforms, a historic Bitcoin miner, remains well below the highs (currently 29% against a peak of 872%).
đĄ Conclusion: crypto exposure alone does not guarantee lasting returns.
Circle: the resilience of a sustainable model
In contrast, the IPO of Circle (June 2025) shone as one of the best in the fintech sector.
- Peak +482%, current (CRLC) +464%
Investors reward the solidity of Circleâs business model, perceived as more resilient compared to purely speculative strategies.
Robinhood and Coinbase: infrastructures that attract trust
The exchange platforms show positive performance and confidence supported by investors:
The acquisition of Bitstamp by Robinhood strengthens its strategic position, demonstrating that infrastructure is an increasingly central asset in mainstream finance.
Crypto exposure: sustainable strategy or temporary bubble?
The report raises a crucial question:
Will crypto-linked strategies continue to be rewarded, or are we in a transitional phase of euphoria?
Many investors are exposed to digital assets for the first time through listed securities, but the mixed performance of the companies suggests that the market is becoming more selective.
FAQ: frequently asked questions about crypto exposure in public markets
1. What is the company with the best crypto-linked performance?
Metaplanet, with a peak of 9874% and a current of 8563%.
2. Do crypto strategies always work?
No: companies like SharpLink and Nano Labs have recorded disappointing performances.
3. Is Circle a good example of resilience?
Yes: its IPO stood out thanks to a solid business model, surpassing the performance of other fintechs.
4. Do exchanges still have appeal?
Yes: Robinhood and Coinbase continue to show interest supported by investors.
Conclusion: what to expect in the coming quarters?
The trend of crypto-linked companies is set to evolve. The upcoming quarterly reports will clarify whether we are facing a new lasting paradigm in public markets or a tactical and momentary narrative. Investors will need to closely monitor the fundamentals and the ability of companies to generate sustainable value beyond the mere crypto hype.