Deep Tidal TechFlow message: On September 25, according to Cointelegraph, several publicly listed companies whose core asset is Bitcoin are facing valuation pressure. Their stock trading prices are generally lower than their net asset value (NAV), indicating that market interest in such firms is waning. Although some miners still use leverage to keep operations going, an overall discount has clearly emerged in the valuation framework, reflecting weakened investor confidence in this sector.
Meanwhile, the French chip and software developer Sequans has adopted a more thorough withdrawal strategy. The company confirmed that it has sold and closed out all 710 Bitcoins on its balance sheet, officially declaring its exit from cryptocurrency holdings. This move is viewed as a typical example of a traditional non-crypto business divesting the risks associated with digital assets.
Meanwhile, the French chip and software developer Sequans has adopted a more thorough withdrawal strategy. The company confirmed that it has sold and closed out all 710 Bitcoins on its balance sheet, officially declaring its exit from cryptocurrency holdings. This move is viewed as a typical example of a traditional non-crypto business divesting the risks associated with digital assets.