What’s Going On? — TradingView News
A recent report from Bloomberg has unveiled a striking decline in corporate investment in crypto treasuries, highlighting a significant shift in this new trend that has considerably taken the market by storm throughout the year.
Purchases by publicly traded digital-asset treasuries have plummeted dramatically, from 64,000 Bitcoin (BTC) in July to just 12,600 in August, with September’s figures currently at around 15,500. This drop represents a major 76% decrease from the fervor of early summer.
Crypto Treasury Firms Valuation Sinks
The broader cryptocurrency market has faced additional challenges, with Bitcoin experiencing nearly a 6% decline over the past week, exacerbated by a broader selloff characterized by sudden liquidations.
