An analysis published on January 18, 2026, contrasts MicroStrategy’s Bitcoin-heavy treasury strategy with Ford’s diversified approach.
The report notes that MicroStrategy’s leveraged exposure to Bitcoin amplified investor volatility. Furthermore, the strategy underperformed relative to Bitcoin’s net asset value.
The article frames the key question for 2026 as a choice between divergent treasury models. It questions whether markets will continue to favor speculative, high-growth, Bitcoin-centric treasuries, citing MicroStrategy.
Alternatively, the market may pivot toward the perceived stability of diversified capital allocation, using Ford’s strategy as the contrasting example.