⚠️ Three bitcoin and ether treasury stories in one day, per CoinDesk and Cointelegraph:

1️⃣ Nakamoto owes Kraken 165M USDT, more than its ~$104M market value. Its pledged bitcoin is worth about $208M, and payments were pushed into 2027
2️⃣ BTCS sold ETH below cost to protect a $64.1M Aave loan. Liquidation starts near $1,717 ETH, about 11% below today's $1,928
3️⃣ Strategy leaves MSCI indexes after Nov 30; JPMorgan estimated about $2.8B of selling pressure, and the stock fell 6.5% on Thursday

Treasury companies were a buyer for years. When their own balance sheets get tight, that flips.

Are treasury firms a strength for crypto or a weak link? 👇

$BTC $ETH

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