FintellHQ · Reference library
Learn how the market actually works
Plain-English guides to corporate Bitcoin treasuries, spot crypto ETFs, on-chain trading, stablecoins, and tokenized assets. Every number sources back to a filing. Written for readers new to crypto and useful to veterans who want the framework rigor.
Corporate Bitcoin & Crypto Treasuries
Public companies that hold Bitcoin, Ethereum, Solana, or Hyperliquid on their balance sheet — how they work, how to value them, and how to buy them through a normal stock brokerage.
7 guides live
What is a Bitcoin treasury company?
A plain-English introduction to companies like MicroStrategy that hold Bitcoin as a corporate reserve asset.
What is mNAV?
The ratio that tells you whether a treasury company's stock is trading at a premium or discount to the crypto it holds. Formula + MicroStrategy worked example.
How much Bitcoin does MicroStrategy own?
Complete purchase history + weighted avg cost basis + current mNAV for the world's largest corporate Bitcoin holder (843K BTC).
Which public companies hold Ethereum?
The three major ETH treasury companies — Bitmine (BMNR), Sharplink (SBET), Ether Machine (ETHM) — and how they compare to spot ETH ETFs.
Bitcoin miner stocks — MARA, RIOT, CLSK & more
Ten publicly-traded Bitcoin miners with a plain-English guide to how mining margin works, halving impact, and MARA vs RIOT comparisons.
Live corporate treasury holdings
See every filings-verified company holding BTC, ETH, SOL, or HYPE — 34+ names, live cost basis, unrealized P&L, source citation per row.
Treasury companies theme (with FintellHQ's read)
The narrative frame — why treasury companies are a structural bid on crypto and which ones the market is mispricing right now.
Spot Bitcoin & Ethereum ETFs
The exchange-traded funds that hold real Bitcoin or Ethereum — IBIT, FBTC, GBTC, ETHA and more. How they work, how flows affect price, and how to read the daily numbers.
4 guides live
Best spot Bitcoin ETF (IBIT vs FBTC vs GBTC)
Every major spot Bitcoin ETF ranked — fees, AUM, liquidity, tracking error. Which fits which type of investor.
Spot Ethereum ETF list (ETHA, FETH, ETHE)
Every spot Ethereum ETF compared. Why they don't stake, why ETHE's fee is high, and which is the default choice.
Spot Bitcoin & Ethereum ETF flows explained
What creations and redemptions mean, why flows lead price, and how to interpret the daily net-flow numbers.
The ETF flow machine theme
Live flow tracking across every major spot Bitcoin and Ethereum ETF, plus FintellHQ's read on what the flows are telling you this week.
On-Chain Trading & Perpetual DEXs
The shift of trading from centralized exchanges (Binance, Coinbase) to on-chain markets. Hyperliquid, the perp-DEX category, and the public stocks that give brokerage-accessible exposure.
2 guides live
What is Hyperliquid? (HYPE token + PURR stock)
Hyperliquid in plain English: how the platform works, the HYPE token, and PURR — the Nasdaq-listed treasury vehicle for US brokerage investors.
On-chain trading & Hyperliquid theme
The perp-DEX narrative, HYPE token, and PURR (Hyperliquid Strategies) — the public stock that holds HYPE on its balance sheet.
Stablecoins & Payment Companies
Dollar-pegged tokens (USDT, USDC, PYUSD) as payment infrastructure, and the public companies (Visa, Mastercard, PayPal, Block) building on them.
1 guide live
Tokenized Real-World Assets
Treasury bonds, stocks, gold, and other traditional assets being turned into blockchain tokens. The bridge between traditional finance and crypto.
1 guide live
Crypto 101 — Get Started
Foundational guides for readers new to crypto — how markets work, how to think about tokens vs. treasury stocks, and where to start.
2 guides live
Bitcoin ETF vs. MicroStrategy — which is better?
The two most popular ways to get Bitcoin exposure through a normal brokerage account. Trade-offs, taxes, leverage, and when each makes sense.
How to buy Bitcoin through stocks (no crypto wallet needed)
For readers who want Bitcoin exposure but don't want to manage a crypto wallet. Every legitimate route, ranked.
Editorial standards. Every figure on FintellHQ is traced to a primary source — SEC EDGAR filings (10-Q, 10-K, 8-K), company IR disclosures, or licensed data feeds (Polygon.io for equity prices, CoinGecko for crypto prices). We don't publish numbers we can't cite. When data is unavailable or gated, we show an em-dash instead of estimating. See our About page for the full sourcing methodology.