Bloomberg: Bitcoin treasury strategies face crisis and expose vulnerabilities similar to early market cycles
Jinse Finance reported that Bloomberg pointed out in an article that with the backing of Wall Street, bitcoin was supposed to enter a new era, embedding bitcoin into corporate balance sheets through treasury strategies, embracing bitcoin and committing to its stability and growth. However, this strategy is now facing a crisis and exposing vulnerabilities similar to those seen in early market cycles. Data shows that the amount of bitcoin purchased by institutions adopting treasury strategies has shown a significant downward trend in the past three months, dropping from 64,000 BTC in July to 12,600 BTC in August, and 15,500 BTC so far in September, a decrease of as much as 76%. The declining prices of BTC and ETH have also triggered market sell-offs, which may impact the stock prices of related companies.
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