Bitcoin News
By Julie Binoche
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How Strategy Built the Index. Four categories drive the scoring: trading and custody, products like Bitcoin ETFs and…
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Why Strategy Built This in the First Place. Strategy's interest here isn't neutral. The company holds 843,775 BTC, making it the largest…
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What the Scores Actually Mean for Banks. The geographic gap in scores probably isn't just about willingness.
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Strategy just dropped a new ranking system for the banking world, and the scores are pretty uneven.
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Fidelity leads the pack with a 71% score. That's a wide gap from where most European and Japanese banks land, which is generally below 30%.
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Four categories drive the scoring: trading and custody, products like Bitcoin ETFs and stablecoins, lending, and executive support.
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The spread among banks is genuinely uneven. A bank might score well on custody but have zero presence in lending.
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Fidelity's lead isn't hard to trace. The firm set up Fidelity Digital Assets back in 2018, giving it years of runway on institutional custody and trading before most competitors…
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U.S. banks cluster in the mid-40s. BNY Mellon, Goldman Sachs, JPMorgan, Morgan Stanley, and Citigroup all land between 43% and 46%, trailing Fidelity by a meaningful margin but…
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Strategy's interest here isn't neutral. The company holds 843,775 BTC, making it the largest corporate Bitcoin treasury on the planet.
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More context: Fidelitys Timmer Spots Bitcoin Near a Power Law Floor With No Catalyst in Sight
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That doesn't mean the index is worthless — it's just worth keeping in mind when reading the framing.
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Bitcoin itself was trading near $61,900 at the time of the index's release, down more than 3% on the day.
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The geographic gap in scores probably isn't just about willingness. European and Japanese banks operate under different regulatory frameworks, and some of those frameworks have…
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Banks in regions where that kind of regulatory clarity hasn't arrived yet are almost structurally disadvantaged in this scoring system.
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