Crypto treasury companies' substantial coin acquisitions pressured crypto stocks on Monday, coinciding with Bitcoin's decline below $113,000. This downturn intensified selling in treasury-led stocks, with Helius Medical Technologies experiencing a 33.6% share drop after revealing a $175.6 million Solana purchase. Conversely, AgriFORCE Growing Systems and Qualigen Therapeutics saw notable share increases following rebranding and crypto-related business announcements.
Crypto Treasury Purchases Impact Stocks as Bitcoin Falls Below $113,000
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