2025 has been Digital Asset Treasures (DAT) companies, mainly Bitcoin vehicles and Emereum Treasury Vehicles. These publicly traded companies, which accumulate digital assets on their balance sheets, offer retail investors who buy their shares crypto shares.
However, a recent report found that retail investors lost $17 billion by investing in Bitcoin Treasury stocks. According to the firm, the hype surrounding the BTC plans seems to be over, and retail investors are not forced to face losses.
Did the Bitcoin Treasure Bubble Burst?
In its market report last week, 10x Research said a “magical financial era” has approached for bitcoin mining companies. According to the Singapore-based Research Conspery Firm, these financial companies have accumulated billions in “Paper Wealth” by issuing shares held by investors.
According to Analytics Firm, it made sense for investment firms to offer their shares at a premium as the price of Bitcoin continued to increase. 10x Research observed that premiums soared once Net Asset Value (Nav) became an illusion that left investors at a loss while “managers walked away with gold.”
10x research that means investors who bought overstocked stocks during the Bitcoin Treasure Boom lost about $17 billion. According to the research firm, shrinking margins and profitability are forcing Treasury companies to make a difficult pivot from sales-driven marketing to real market discipline.
Source: 10x Research
10x research added:
The next act won’t be about magic – it will be about who can still produce alpha when the audience stops believing.
Obviously, the performance of bitcoin-linked stocks has been quite disappointing over the past few months. For example, strategies (formerly known as Microstrategy) MSTR stock is down more than 20% since August.
The Michael Assor-LED Firm announced its latest purchase of Bitcoin between October 6 and October 12. The price was 220 BTC-at an average price of $123,561-BTC (worth about $47.38 billion).
The price of Bitcoin Take a look
As of this writing, the price of BTC stands at about $106,799, showing the negative trend of the previous day. After the wide market crash on October 10, the Prime Minister of Cryptocurlonch struggled to support any positive momentum. According to data from CoingeCo, the value of bitcoin has fallen by more than 4% in the last seven days.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Featured image from istock, chart from trading
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