Encryption Reserve Company Data Query Tool Comparison Evaluation

In early August, listed companies successively announced their financial reports for the second quarter of 2025. Strategy performed remarkably in the second quarter of 2025, with operating revenue reaching a record high of approximately $14.03 billion, a 7106% increase compared to the same period last year. The floating profit of the encryption assets held by Strategy reached $14 billion.

This all stems from Saylor's decision to choose BTC as a reserve. From strategies to various transformations into encryption reserves for companies, types of encryption token reserves and companies have emerged one after another in just a few months, from BTC to ETH, SOL, and SUI. For retail investors, in addition to investing in tokens included in the reserves, they can also buy stocks of reserve companies. This article will compare and evaluate commonly used data query tools for encryption reserve companies.

Comprehensive Query Website

1. Blockworks

Blockworks' encryption reserve company data covers BTC, ETH, SOL, HYPE, XRP, SUI, and multi-token reserves, with a total of 26 encryption reserve companies recorded. The data column includes key metrics such as trading volume of encryption finance companies, encryption net asset value (NAV), and more. Users can clearly query stock Ticker, reserve token names, daily trading volume of stocks, NAV, number of tokens held, and company market capitalization.

Blockworks also created a MNAV data table, showing the data trends of M (multiple of net asset value), including the M values of enterprise value and company market value. M is also a risk indicator of encryption reserve health. In addition, a data table of company net asset value premium (market value minus encryption reserve value) is provided.

Advantages:

• Comprehensive data, detailed individual data and risk indicators.
• The number of encryption reserve companies entered is relatively high.
• The data table for net asset value premium and MNAV is intuitive.

Insufficient:

• Only the stock ticker is provided instead of the full company name, users who are not familiar with US stocks need to do additional research.

2. Delphi Digital

Delphi Digital's encryption reserve company data table includes three types: BTC, ETH, and SOL, but there are few companies entered. The data table includes company name, stock ticker, stock price, market value, encryption asset value, and M value.

Review: The data table is relatively simple, only allowing access to some earlier or well-known encryption reserve companies, with no data recorded for new reserve companies. The data for MANV is also quite limited and can only serve as an alternative for ordinary encryption reserve company data queries.

3. The Block

The Block's encryption reserve company data table is divided into four parts: BTC, ETH, SOL, and comprehensive encryption reserve enterprise data, recording a total of 26 encryption reserve companies. The data covers mainstream encryption reserve companies, including market capitalization, the market value of held tokens, the token holdings of individual mainstream reserve companies, and the total holdings of individual tokens by reserve companies.

Review: The charts are not as good as Blockworks. Some data comes from the DUNE platform, the position updates are slow, and the accuracy of the data needs to be improved.

4. cryptotreasuries.info

cryptotreasuries.info is divided into three categories of encryption reserves: BTC, ETH, and SOL, but SOL has not been recorded for any companies. There are more companies recorded for BTC reserves, and the platform also provides the price trends of the relevant tokens. The data column includes the company name and stock Ticker, token holdings and total value, as well as the per share BTC earnings and MNAV for 30/90 days and 1 year.

Advantages:

• Input the maximum BTC reserve company
• Plotted a comparison chart of the reserve company's token accumulation data and stock price trends.

Insufficient:

• ETH reserves are low, and there is no update from the SOL reserves company.

5. Crypto Stock Tracker

The Crypto Stock Tracker covers BTC, ETH, SOL, and XRP reserve companies, with a significant number of entries for each token. The data table includes stock Ticker, stock price, daily price fluctuations, market capitalization, circulating shares, number of held cryptocurrency tokens, and total value. On the right side of the interface, there are recent increase news and the latest information about upcoming cryptocurrency reserve companies.

Advantages:

• There are quite a few encryption reserve companies.
• More stock prices and outstanding share data, friendly for players considering buying US stocks
• Provide recent increase holding news

Review: This is a new data platform established in response to the hot trend of encryption reserves. If future updates are timely, it can be included in the observation list of encryption reserve data.

6. cryptotreasuries.com

cryptotreasuries.com is a new data and analysis platform for encryption strategic reserve companies launched in July, and currently, the number of registered encryption reserve companies is relatively small. The comprehensive data section includes company name, stock ticker, the number of held encryption reserve tokens and their total value, stock price, market capitalization, and MNAV.

Advantages:

• The interface is simple and intuitive.
• List the recent reserve company data and the holding ratio of the tokens.

Review: As a new platform, it may add more encryption reserve company data in the future, belonging to the "potential stock".

Conclusion

The speed at which listed companies are transforming or advancing into encryption reserve companies is relatively fast. In addition to direct purchases, there are also ways to increase encryption reserves through financing or issuing additional shares. For some entities that are about to merge, it is not easy to calculate their market value and the number of encryption reserves, leading to some discrepancies in the total data of encryption reserve companies.

Overall, Blockworks is relatively advanced in charts and data visuals. Several new platforms have their own advantages in terms of interface and data classification. Crypto Stock Tracker is the only platform that records XRP reserves, cryptotreasuries.com is the only one that records HYPE, and cryptotreasuries.info has the most companies recording BTC reserves.

It is worth noting that all platforms have not updated Sharplink's ETH holdings data (yesterday increased by 15,822 ETH, bringing the total reserves to 480,204 ETH, worth $1.62 billion).