Bitcoin Treasuries Outperform Media and Metaplanet as Companies Encounter Significant Losses with BTC Approaching $100K
Bitcoin's Current Value Impact: Bitcoin is trading near $100,000, leading to significant unrealized losses for at least 24 companies, including Trump Media and Metaplanet, which had previously invested heavily in the cryptocurrency.
Corporate Treasury Losses: Many firms that once showcased their Bitcoin holdings as innovative assets are now facing paper losses, with some companies like KindlyMD and Empery Digital reporting losses exceeding 13%.
Tracking Bitcoin Holdings: There is no single source for tracking Bitcoin treasury costs, but databases like bitcointreasuries.net and CoinGecko provide insights based on public filings and on-chain data.
Ethereum Holdings Also Affected: Companies with Ethereum holdings, such as Bitmine and Sharplink, are experiencing similar pressures as ETH prices fall below $3,500, further impacting their financial positions.
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