Bitcoin Treasury Firms Now Valued at Less Than Their BTC Holdings Amid Crumbled Sentiment

Bitcoin treasury firms, which hold substantial amounts of Bitcoin as part of their corporate asset strategies, are now facing a significant decline in their market valuations, dropping to levels that are lower than the total value of their Bitcoin reserves. This troubling situation has arisen in the wake of dramatically weakened investor sentiment towards the cryptocurrency market, leading to diminished confidence in these firms and a reevaluation of their worth in the financial landscape. As a result, the disconnect between their stock market performance and the intrinsic value of their digital currency holdings has become increasingly pronounced, highlighting the volatile nature of both cryptocurrencies and the companies that invest in them. source: https://www.coindesk.com/markets/2025/10/23/collapse-of-bitcoin-treasury-bubble-leaves-nearly-all-trading-below-value-of-their-btc-holdings