Most Crypto Treasuries Face Rising Bankruptcy Risk After Market Crash
Crypto treasury companies are under growing financial stress after Bitcoin and Ethereum fell nearly 30% in a week, wiping out an estimated $25 billion in unrealized value across digital asset balance sheets.
Data tracking public crypto treasury firms shows that none currently hold assets above their average cost basis. The sharp drawdown has pushed most treasury strategies into loss territory at the same time, raising concerns about liquidity, financing, and long-term viability.
The sell-off hit treasury-heavy firms simultaneously.
Large holders recorded the deepest paper losses, dragging cumulative unrealized P&L sharply negative. The losses are…
