US EditionCrypto Treasury News: MSTR, BMNR, SBET Plunge as BTC, ETH, SOL Rally Cools
5 Articles
5 Articles
MSTR, BMNR, SBET Plunge as BTC, ETH, SOL Rally Cools
Digital asset treasury Strategy Other bitcoin treasury stocks also declined, with Metaplanet completion of its merger with KindlyMD to form a new bitcoin treasury entity. MSTR/IBIT (TradingView) Breaking from the trend, KULR Technology Firms with ETH-heavy portfolios suffered steeper losses. Bitmine Immersion Technologies and SharpLink Gaming, the two most prominent Ethereum strategy firms, declined 7% and 14%, respectively, in the early hours o…
The shares of digital asset treasury firms fell sharply on Friday, following the price correction seen in the cases of BTC, ETH and SOL. *** Strategy loses 33% since its historic peak of November 2024. Metaplanet and Nakamoto suffer falls after corporate merger. KULR Technology stands out with record revenue increase. Critpo treasury companies are often much more sensitive to market movements.
Digital Asset Treasury Firms Plunge as Bitcoin Tumbles Below $117K, ETH Slides to $4.4K – MAXBIT
Digital asset treasury (DAT) firms, seen as high-beta plays on crypto prices, sold off sharply on Friday as the August crypto rally showed signs of exhaustion. Strategy (MSTR) fell another 3% on Friday, extending its decline to 20% since July’s high and 33% from the November 2024 all-time high. The MSTR/IBIT ratio dropped to 5.43,...
SharpLink stays course on $2.6b ETH strategy despite $87m non-cash loss
SharpLink’s Q2 results show an $87.8 million non-cash impairment on LsETH, but the company remains fully committed to its multibillion-dollar ETH treasury strategy. With 728,804 ETH locked in and compounding, SharpLink appears to play a longer game than quarterly reports…
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