57 of 90 public bitcoin treasuries underwater as BTC trades at $84,279
- —173 listed companies hold 1.3 million BTC combined; 90 disclosed their average cost basis
- —Strategy holds 847,665 BTC at an average of $76,075, up 10.8%; a 9.7% drop would erase the gain
- —Trump Media is down 28.9% versus a $118,529 average; Next Technology is up 168.5%
- —Korean listed firms Bitplanet (-20%), Bitmax (-18.2%) and Wemade (-10.3%) are also underwater
Why it matters: With more than half of treasury companies below cost, pressure is mounting on their shares and on the risk of forced BTC sales.
Source: TokenPost