59 of 90 Bitcoin Treasury Companies Underwater as Strategy Gains 9.4%
- —173 listed companies hold a combined 1,298,213 BTC
- —59 of 90 companies with disclosed cost basis are below their average price
- —Strategy: 847,665 BTC at an average $76,075, up 9.4%
- —Trump Media down 29.8% against an average cost of $118,529
Why it matters: The data gauges how resilient corporate bitcoin treasuries are: another 8.6% drop in BTC would push Strategy below its average cost.
Source: TokenPost