Reported 2 days ago
Bitcoin treasury companies (BTCTCs) are struggling as their share prices plummet, coinciding with a significant drop in bitcoin's value. Over the past three months, losses have varied greatly, with some companies like KindlyMD seeing declines of up to 94%. Executives from these firms are actively defending their business models on social media, attempting to reassure investors. Despite the current bleak outlook, some argue that akin to MicroStrategy's previous success, there could be potential for recovery if bitcoin prices appreciate again.
Source: YAHOO