Corporate Bitcoin Holders Face Sell-Off Pressure as Share Prices Fall Below Treasury Value

Companies holding Bitcoin in corporate treasuries are liquidating positions as share prices decline, the Financial Times reported on Nov. 26. Strategy, led by Michael Saylor and the world's largest corporate Bitcoin holder, has seen its stock fall 50% over three months, with its market capitalization now trading below the value of its Bitcoin holdings. Adam Morgan McCarthy, senior research analyst at crypto data firm Kaiko, warned that "these companies will see a wave of selling, and it will only get worse—it's a vicious cycle where once prices start falling, it becomes a race to the bottom."