invest1 publisher
A 54% bitcoin drawdown cost the top 50 treasury companies $83bn of market value
No major holder was forced to sell, and Strategy's roughly $6.7bn of cash against about $6.75bn of convertible debt is the reason; the cohort's shareholders absorbed the drawdown instead of its lenders.
Publishers:cryptobriefing.com
Reality
- Evidence30
- Adoption55
- Hype gap+35
- Incentives65
- Confidence35