Once known as the investment with the greatest and fastest upside potential, Bitcoin has fallen on hard times.
For contrarians, this may spell opportunity in an emerging class of company known as Bitcoin Treasuries and Nick Giambruno has found one “Bitcoin Treasury Stock” that could outperform all the rest by many multiples.
The Teaser
Rewriting the rules of money. This was Bitcoin's long-held ethos.
Founder of The Financial Underground, world traveler, and friend of Doug Casey. Nick Giambruno is also an opportunist, especially when it comes to turning financial crisis into extraordinary profits.
We have previously reviewed his #1 Gold Stock and 4th Shock teasers.
The idea of a completely decentralized, peer-to-peer currency free of middlemen and central banks made Bitcoin the best-performing asset of the last decade.
This was the perceived value of reshaping the entire global financial system for the first time in over a century.
Now, some of that hope has been lost.
Alternative digital currencies such as government-sponsored stablecoins, capital rotation into more favored trades (AI), and high cyclicality have caused BTC to lose more than half its market value since closing at $126,200 on October 6th, 2025.
It's in the latter instance where we can find some solace.
The Four Year Routine
Appreciation, peak, depreciation.
Every four years for the past 13 years Bitcoin has stuck to a predictable routine like a rigid man living out his days.
A halving occurs, restricting the supply of new BTC hitting the market, a 12-18 month bull run ensues, followed by profit-taking at the peak and a subsequent bear market.
If this routine continues, it means the price of Bitcoin peaked in October 2025, implying a year-long bear market before another three-year run-up that could eclipse all the others before it.
Nick is banking on the next Bitcoin bull run kicking off this fall and he's found a way to play it for the most explosive (potential) gains.
The Pitch
It's name is only revealed inside an exclusive report, The Next MSTR – Our #1 Bitcoin Treasury Stock Right Now.
The catch is that we need a subscription to Nick's Financial Underground: SPECULATOR newsletter to secure a copy.
Normally, a one-year subscription would cost a hefty $2,499, but for a limited time it is being lowered to $1,799 ($700 off).
What in the World is a Bitcoin Treasury Company?
They don’t produce any goods or services and their sole function is to convert fiat dollars into Bitcoin.
This is the simplest, most straightforward description of a Bitcoin Treasury Company.
I would liken it somewhat to the “go-go” conglomerate boom of the 1960s and 70s, when names like Ling-Temco-Vought, Gulf+Western, and Teledyne were aggressively expanding into all sorts of industries, from packaged meat to aerospace.
Only this time around, the only thing the holding companies are “hodling” is a digital currency (BTC), instead of operating businesses.
The big idea is to take low-yielding fiat currency and convert it into a scarce, appreciating asset.
Proving the Model
A pioneer was bold enough to take the leap and put the model into practice, Michael Saylor's Strategy (Nasdaq: MSTR), which the market rewarded with explosive stock price appreciation.
From 2020 to it's peak in July 2025, MSTR stock appreciated by 34x.
This return even bested Bitcoin itself during the same time period.
Thus, a capital conversion engine was created and proven, sending a clear message to the market…take a depreciating currency, convert it into Bitcoin, and you will be rewarded.
Others have followed suit, some with even more impressive results.
Nick believes the current slump is just a set up for the next Bitcoin bull market, and as a domino, Treasury Company gains. He may have found one that could outperform all the rest.
Revealing Nick Giambruno's Bitcoin Treasury Stock
The greatest financial arbitrage of our time.
This is what the Bitcoin Treasury Company that is Nick's top pick pulled off.
- Formerly, it was a dying hotel chain in Asia valued at just $10 million.
- After transitioning it's business model to a Bitcoin Treasury it became one of the best-performing stocks in the world.
- It owns more BTC than any other company in Asia.
Given the clear cut clues, this one was easy to uncover, it's none other than the notorious Metaplanet Inc. (OTC: MTPLF).
- The former Royal Oak Hotel in Tokyo began it's transformation into a Bitcoin Treasury Company in mid-2024.
- Since that time it's stock has appreciated by an incredible 86x at its peak.
- Metaplanet is the largest holder or “hodler” of BTC in Asia and the third-largest in the world.
The Best Way to Profit from Bitcoin?
Michael Saylor once said:
If you want to 10x your money, buy Bitcoin.
If you want to 100x your money, buy Bitcoin with someone else’s money.
And if you want to 1,000x your money, buy Bitcoin with someone else’s money and leverage it
The latter is essentially what Nick is proposing we do indirectly by buying a Bitcoin Treasury Stock.
If there were ever a time to do so, it may be now.
Before you click away, hear me out.
I'm not a Bitcoin maximalist like Michael Saylor or Nick Giambruno, more like a moderate that will cheer on any tangible alternative to central bank controlled fiat currencies.
Whether Bitcoin is that tangible alternative is still up for debate, what isn't, is it's status as a liquid, decentralized asset with a fixed supply that is valued at more than $1.2 trillion.
Bitcoin's transparent value means we can easily do a Benjamin Graham-style net asset value calculation for Metaplanet to determine if it's market value is more or less than its net assets less all liabilities.
The math breaks down like this:
Total assets: $2.7 billion (40,177 BTC at $63.8k each) plus $150 million in cash and equivalents.
Total liabilities: $401.3 million, including $384.1 million in debt to fund BTC purchases.
Net Asset Value: $2.29 billion
Market cap: $1.97 billion
This means if Metaplanet were to liquidate tomorrow, owners would bag an instant 16-17% return.
Not bad, but not great either, as that margin of safety could quickly erode given Bitcoin's volatile price swings.
If Metaplanet's hotel were a bigger part of operations (it only generates 5% of total revenue) and profitable, I would be far more inclined to buy in at the currently prevailing price.
However, if we truly are on the brink of a crypto comeback in the fall and winter, now could be an opportune time to snap up shares on the cheap.
Quick Recap & Conclusion
- Opportunist Nick Giambruno is teasing an opportunity in an emerging class of company known as Bitcoin Treasuries and he's found one “Bitcoin Treasury Stock” that could outperform all the rest.
- Using Strategy (Nasdaq: MSTR) as a benchmark, Bitcoin Treasury Stocks have outperformed Bitcoin during the last bull market and Nick has found one that will outperform during the next run up.
- It's name is only revealed inside an exclusive report, The Next MSTR – Our #1 Bitcoin Treasury Stock Right Now. We need a subscription to Nick's Financial Underground: SPECULATOR newsletter to secure a copy, which costs $1,799 upfront for the first year.
- At Greenbull it's absolutely free! As we were able to reveal it as Metaplanet Inc. (OTC: MTPLF).
- Metaplanet is currently selling for a slight discount to its Net Asset Value, making it a potential grand bargain if the price of BTC doesn't dip any further.
Will the next Bitcoin bull market begin this fall? Let us know your timeline in the comments.