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⛓️ Crypto🔴 BearishImportance 7/10
77% Of Bitcoin Treasury Firms Sitting Underwater—Highest Since 2023
🤖AI Summary
77% of Bitcoin treasury companies are currently underwater on their purchases, marking the highest percentage since 2023. 65% of these firms are sitting more than 20% below their cost basis due to Bitcoin's recent price decline.
Key Takeaways
- →Over 77% of Bitcoin treasury firms are currently holding at losses, the highest level since 2023.
- →65% of treasury companies are sitting more than 20% below their Bitcoin cost basis.
- →The recent Bitcoin price decline has significantly impacted corporate treasury positions.
- →This data suggests widespread unrealized losses among institutional Bitcoin holders.
- →The current situation mirrors previous market downturns that affected corporate Bitcoin strategies.
#bitcoin#treasury#corporate-bitcoin#losses#unrealized-losses#institutional#market-decline#cost-basis
Read Original →via Bitcoinist
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