World & BusinessBitcoin treasury companies reportedly lose billions in value
The Financial Times reports that some companies that pivoted to buying and holding bitcoin are selling their tokens and returning to their original core businesses.
TLDR
Billions of dollars have been wiped off the value of companies that shifted their business models to buying and holding bitcoin, the Financial Times reports. Some are reversing course, selling tokens and returning to their original core businesses.
Bitcoin treasury companies reportedly lose billions in value
The Financial Times reports that some companies that pivoted to buying and holding bitcoin are selling their tokens and returning to their original core businesses.
TLDR
Billions of dollars have been wiped off the value of companies that shifted their business models to buying and holding bitcoin, the Financial Times reports. Some are reversing course, selling tokens and returning to their original core businesses.
