Most public $BTC treasury companies are getting rekt right now.
Price is sitting below their aggregate cost basis. Nearly 80% of these firms are underwater.
Corporate FOMO buyers from 2021-2024 are feeling the pain. This is what happens when you chase tops with shareholder money.
Watch for forced selling if this continues. Treasury liquidations = more downside pressure.
Price is sitting below their aggregate cost basis. Nearly 80% of these firms are underwater.
Corporate FOMO buyers from 2021-2024 are feeling the pain. This is what happens when you chase tops with shareholder money.
Watch for forced selling if this continues. Treasury liquidations = more downside pressure.