Crypto Sell-off Hits Corporate Treasuries as Strategy and BitMine Stocks Slide Nearly 10%
The crypto market capitalization fell 6% over the past 24 hours as major assets moved sharply lower. The sell-off extended beyond digital tokens, weighing on leading crypto-focused treasury firms such as BitMine and MicroStrategy.
While both companies continue to signal strong conviction through ongoing accumulation, the downturn highlights growing pressure on digital asset treasury firms.
BeInCrypto reported that macroeconomic tensions weighed on crypto markets over the past 24 hours. Bitcoin fell 6.7%, while Ethereum extended its losses to 7.6%.
During early Asian trading hours, both assets slid to two-month lows on Binance. Notably, the top corporate holders of these assets were also impacted in the market crash that…
