Crypto Treasury Stocks Dump After New Investments, Bringing PEPENODE’s Presale Into the Spotlight — TradingView News
Crypto treasuries lose stock value after announcing new crypto investments, while Bitcoin took a dive to $111,676.
Helius Medical Technologies is among the first to fall after announcing its first $SOL investment yesterday. The company acquired 760,190 $SOL at an average $231 for over $175.6M.
Following the press release, $HSDT took a tumble down the stairs, losing 33.61% by closing at $16.02.
CEA Industries, backed by former Binance CEO Changpen Zhao, met a similar fate after announcing its $500M deal this past Sunday to start stacking $BNB. It too lost 19.5%, closing the day at $7.80. Not even Tom Lee’s BitMine Immersion Technologies could escape the purge, shedding 10% after disclosing that its Ethereum treasury now holds over 2% of…
