Crypto Treasuries Under Pressure as Bitcoin Declines

Crypto Treasuries Face Financial Strain

Crypto treasury firms are encountering renewed financial challenges as recent market downturns diminish asset values and erode equity buffers. According to CryptoQuant, falling token prices have reduced financial cushions across the sector, impacting company valuations and prompting defensive strategies to assure shareholders.

Bitcoin Treasuries Lean Into Caution as Losses Deepen

Bitcoin-centric firms are absorbing significant losses, with BTC declining over 16% this month, briefly dipping below $100,000. This downturn has directly affected corporate portfolios, prompting Strategy, the largest corporate Bitcoin holder, to slow its acquisitions. Consequently, Strategy's MSTR stock has fallen approximately 53% from its peak.

Similarly, Metaplanet, listed on the Tokyo Stock Exchange, holds 30,823 BTC at an average cost of $106,000, resulting in over $120 million in unrealized losses. This has led to an 80% stock price drop and initiated a share buyback to restore confidence.

Altcoin Treasuries Absorb Steep Markdowns

Altcoin-focused treasury companies are also feeling the strain, with broad market declines leading to steep markdowns. Evernorth, the largest XRP holder, is facing approximately $79 million in unrealized losses. Meanwhile, BitMine, holding over 3.4 million ETH, has an unrealized deficit of about $2.1 billion due to Ethereum's 22% decline this month.

Analysts highlight the recurring structural risk where companies building positions during strength face rapid capital erosion when market sentiment shifts. Firms are now tested on their resilience to maintain long-term digital asset convictions amid near-term financial pressures.