Shareholders revolt against crypto treasuries after $50B rout
- —Treasury companies' losses are estimated at $50-77 billion from 2025 peaks
- —An Empery Digital shareholder (9.8%) demands the sale of 4,081 BTC and a management change
- —Satsuma shares fell 99%, and Pantera is demanding the sale of the remaining $50 million in BTC
- —Metaplanet cut top managers' options by 41%, removing $220 million in potential gains
Why it matters: Mass selling of treasury BTC and a pivot to buybacks could add pressure on the bitcoin price and undermine the model of Strategy-like companies.
Source: Crypto Briefing