Their treasury holdings has turned into shit(coins)
stonkautist69 on
How can a digital asset class crash like this just because people are taking a profit? The fundamentals of Bitcoin are as strong as they have ever been.
coinfeeds-bot on
tldr; The recent crypto market crash has significantly impacted digital asset treasury (DAT) firms, reducing their combined market cap from $176 billion in July to $99 billion. The value of corporate crypto holdings has also dropped, with Bitcoin, Ethereum, and Solana prices declining sharply. Companies like FG Nexus and Bitmine are facing unrealized losses, while some are trimming treasuries to fund buybacks. The downturn has led to stock price declines and increased market pressure across the sector.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
kirtash93 on
Discounts are for buying right?
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Their treasury holdings has turned into shit(coins)
How can a digital asset class crash like this just because people are taking a profit? The fundamentals of Bitcoin are as strong as they have ever been.
tldr; The recent crypto market crash has significantly impacted digital asset treasury (DAT) firms, reducing their combined market cap from $176 billion in July to $99 billion. The value of corporate crypto holdings has also dropped, with Bitcoin, Ethereum, and Solana prices declining sharply. Companies like FG Nexus and Bitmine are facing unrealized losses, while some are trimming treasuries to fund buybacks. The downturn has led to stock price declines and increased market pressure across the sector.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Discounts are for buying right?