B. Riley has reduced its price targets for digital-asset treasury companies as the sector experiences significant declines during a broader cryptocurrency market downturn. Bitcoin-focused treasury companies have seen a 37% drop, Ethereum treasuries 39%, and Solana treasuries 59%, surpassing the declines in the underlying tokens. Analysts Fedor Shabalin and Nick Giles have adjusted their mNAV and accumulation assumptions through 2026, affecting companies like BitMine, FG Nexus, Kindly MD, Sequans, and SharpLink Gaming. Despite the downturn, B. Riley maintains a buy rating for most of these stocks, highlighting potential recovery through yield strategies and undervalued mNAV positions. The firm believes these factors could drive future growth despite current market challenges.