Crypto asset treasury companies listed in the U.S. and Canada have seen their stock prices plummet this year, with a median decline of 43%, according to Bloomberg. Some companies have experienced losses exceeding 99%. These firms, which previously raised funds to purchase Bitcoin and other tokens, initially saw their stock prices soar with their holdings. However, the lack of yield from token holdings, coupled with increasing debt interest and dividend burdens, has led to a sharp downturn in investor sentiment.
SharpLink Gaming's stock has fallen 86% from its peak, while Greenlane Holdings has dropped over 99%. Alt5 Sigma, supported by the Trump family, has also seen an 86% decline. Strategy's stock has decreased by 38% this year.
Crypto Asset Treasury Stocks Plummet Amid Investor Concerns
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