Bitcoin treasury companies are millions in the red but the strategy doesn’t change even at $78k

Bitcoin treasuries are designed to look uncomfortable in drawdowns, because the trade they're running is simple: take a volatile asset, put it on a corporate balance sheet, and finance more of it through capital markets. When Bitcoin drops, the mark-to-market hit is the point, not the punchline. The real question is whether the company can […] The post Bitcoin treasury companies are millions in the red but the strategy doesn’t change even at $78k appeared first on CryptoSlate.