GM. This is Milk Road, your 'crypto lifeguard' – here to save you from drowning in information overload.

(*blows whistle* no roughhousing in the pool!)

Here’s what we got for you today:

• ✍️ Ranking $SOL treasury companies

• ✍️ $BTC hashrate hits new ATHs

• 🥛 Milk Road PRO Portfolio updates

• 🎙️ The Milk Road Show: Surviving the Liquidity Crisis: Everything You Need to Navigate This Cycle w/ Michael Howell

• 🍪 This new US jobs data is rough

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COTD: RANKING $SOL TREASURY COMPANIES BY PREMIUMS 📊

Fun fact, if you’re in our Telegram group, you can just, you know – ask us things. 

For example:

Well – ask and you shall receive.

Here are the top 5 public Solana treasury companies, ranked by total $SOL holdings…

Note: This chart ranks companies that are actively growing their $SOL treasury, using the value of $SOL currently held, and doesn’t account for any other treasury assets.

Alright, that’s cool and all – but what premium do these companies trade at compared to just holding Solana?

‘Cause remember back to our $ETH treasury article last Thursday: 

The idea here is that the money you invest in these treasury companies increases at a faster rate than just holding Solana itself. 👇

1. Upexi Inc (Nasdaq: $UPXI) – Market Cap: $267.48M / $SOL treasury value: $340.08M = a 0.787x premium

2. DeFi Development Corp (Nasdaq: $DFDV) – Market Cap: $292.82M / $SOL treasury value: $219.90M = a 1.332x premium 

3. Sol Strategies Inc (Nasdaq: $CYFRF) – Market Cap: $158.36M / $SOL treasury value: $72.92M = a 2.171x premium 

4. Classover Holdings Inc (Nasdaq: $KIDZ) – Market Cap: $32.1M / $SOL treasury value: $9.71M = a 3.306x premium 

5. SOL Global Investments Corp (CNSX: $SOL) – Market Cap: $9.15M / $SOL treasury value: $6.86M = a 1.334x premium 

Righteo, now – here they are ranked by premiums…

To drill home (yet) another point from last week’s $ETH treasury article:

The trick isn’t to find a Solana treasury with a crazy low premium and just ape in – it’s to find one that has solid momentum (i.e. growing investor interest) at a fair premium.

You want investors to push the stock up at a faster rate than its $SOL holdings – and for that, you need demand.

Here’s the math on that:

Low premium + low investor interest = dicey.

Mid-range premium + high investor interest = better chance of success.

Low premium + high investor interest = praise be! God has blessed you on this day.

P.S. If you can’t be bothered weighing premiums against momentum, and just want simple Solana exposure – you can simply buy $SOL onchain (better yet: via Milk Road Swap!)

$BTC HASHRATE HITS NEW ATH’S 📈

The global Bitcoin network hashrate just hit new all-time highs! 👇

That’s awesome…because…errr…ok, I’ll just come right out and ask:

What the hell does that mean??

Bitcoin hashrate is just a fancy word for ‘amount of computational power being used to process transactions on the Bitcoin network’. 

(Yeah, lacks a certain simplicity compared to ‘hashrate’.)

Here’s why a higher hashrate = a good thing:

The higher the hashrate, the more secure the Bitcoin network is.

You’d need to own 51% of the computing power plugged into the Bitcoin network in order to successfully falsify a transaction (i.e. create Bitcoin out of thin air and send it to yourself).

…and that action alone would likely send Bitcoin to $0.

So the higher the hashrate, the more money an attacker would need to spend (burn) on crazy-powerful computers in order to break the network. 

(We’re talking billions and billions of dollars.)

Plus: increased hashrates sometimes hint that $BTC could soon move higher.

Higher hashrate = more miners spending money on electricity to power their computers and mine Bitcoin.

With hashrates at all-time highs, it means miners are likely spending more money on electricity than ever before…yet they’re still doing it – why?

It could be because they believe Bitcoin will be more valuable in the near future – making the higher-than-ever energy costs worth paying…

Huh, waddya know – I learned something today!

PRO ALL ACCESS PORTFOLIO UPDATES 📊

We added a new token to the Milk Road PRO All Access Portfolio last week – and it’s already up ~25%!

Wanna know what it is and what price we got in at? 

Go PRO and keep scrolling to find out! 👇

Disclosure: We are not a day trading portfolio so don’t expect a high volume of trades. Read our “How To Build a Crypto Portfolio” report to learn more about our portfolio strategy.

Portfolio performance 📉

The Milk Road PRO All Access Portfolio saw a moderate decrease over the past 7 days. Our portfolio value is at $189.0K, down 6.30% since last week.

The markets didn’t end last week on a high note, slipping after disappointing U.S. jobs numbers and news of fresh import tariffs.

Almost every market took a hit on Friday, but since then, things have bounced back fast.

The total crypto market cap fell about 9% from its all-time highs, while the S&P only slipped around 3%. But now, some of those losses have already been wiped out, and the markets are making a push to climb back up.

Portfolio changes 👀

BITE-SIZED COOKIES FOR THE ROAD 🍪

The $NIGHT airdrop is set to go live by August 10. If you hold $BTC, $ETH, $SOL, $XRP, $BNB, $AVAX, $ADA, or $BAT, there’s a good chance you’re eligible.*

This new US jobs data is rough! Should we be worried? Find out in today's edition of Milk Road Macro.

Coinbase releases ‘Embedded Wallets’ — allowing developers to integrate self-custodial wallets into apps with minimal coding.

Oooft! That’s gotta hurt. Shrapnel, the world’s most successful web3 game, is leaving Avalanche for the Gala Games ecosystem.

We just dropped a new review: iTrust Capital. A solid, low-cost option for U.S. investors looking to add crypto and precious metals to their retirement plan.

*this is sponsored content.

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