Bitcoin rout continues as crypto treasuries face reckoning: Finance Redefined
Growing unrealized losses and falling NAV levels are threatening corporate crypto treasuries, making it difficult to raise capital for future digital asset investments.
Cryptocurrency markets continued their decline for a fourth consecutive week this week, raising concerns over the status of the bull market cycle.
Investor concerns grew on Thursday after a 10X Research report revealed that BitMine Immersion Technologies, the world’s largest corporate Ether (ETH) holder, is sitting on a cumulative unrealized loss of $3.7 billion on its total holdings.
Most digital asset treasuries (DATs) have suffered declines in their net asset value (NAV), making it difficult to raise funds for new investments or to attract new retail investors, leaving existing shareholders “trapped” with growing paper losses, according to 10x Research founder Markus Thiele
