Crypto Treasuries Fall Deeply Underwater as Bitcoin, Ethereum and Solana Dive
Prominent publicly traded crypto treasury firms are underwater on their holdings as Bitcoin and Ethereum keep falling.
Prominent publicly traded crypto treasury firms are underwater on their holdings as Bitcoin and Ethereum keep falling.
Michael Saylor called his firm a “digital fortress,” but leading Bitcoin treasury Strategy has taken some serious hits in recent months.
Binance moved 42.8% of total spot volume over the past week but absorbed 79.7% of net selling pressure across five major exchanges, according to data from Traderview. The imbalance raises the question of whether a venue needs to handle “most of the market” to set prices for the whole market.
The price of Bitcoin crashed below $63,000 on Thursday, not far above the average production cost of publicly traded miners.
Top markets on Myriad this week include predictions on Bitcoin and Ethereum’s next respective stops, plus the outcome of Super Bowl LX.
Shares in publicly traded Ethereum treasury firm BitMine Immersion Technologies have fallen to a seven-month low as unrealized losses mount.
At a closed-door meeting in Princeton, leading researchers said agentic AI tools now handle up to 90% of their intellectual workload—forcing a reckoning over who, or what, drives scientific discovery.
Bitcoin has already tumbled far from its October high, but history suggests the rout could deepen before momentum shifts, according to Stifel.
Scott Bessent also appeared to empathize with the banking lobby’s concerns about the bill during Senate testimony on Thursday.
Publicly traded crypto exchange Gemini is exiting foreign markets and laying off around 25% of its staff to improve its path to profitability.