Reported 1 day ago
A recent report from 10X Research reveals that retail investors suffered losses totaling approximately $17 billion due to their investments in Digital Asset Treasury Companies (DATCOs) like MicroStrategy and Metaplanet, which have faced significant stock declines corresponding with a drop in Bitcoin prices. Many investors sought indirect exposure to Bitcoin through these companies, which issued stock at premiums to their Bitcoin holdings. However, as market enthusiasm waned, these premiums collapsed, leading to massive losses for investors who participated during the market frenzy.
Source: YAHOO