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Public BTC Firms Trade Below Acquisition Costs - Blockchain & Cryptocurrencies Tabloid
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3 Articles
More than half of Bitcoin Treasury companies reported share price losses of over 50 percent. Why Michael Saylor remains the exception. Source: BTC-ECHO BTC-ECHO
Most new BTC treasury stocks down at least 50% this year
On July 2, Protos asked whether the bitcoin (BTC) treasury company bubble had popped. At that time, the mania had already been cooling for weeks, with many companies trading decidedly lower than their initial days on public markets. Today, weeks later, additional data show things didn’t — and look unlikely — get any better. According to Bitbo, there are 43 BTC treasury companies launched this year that remain public today. This number of new lis…
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