Bitcoin [BTC] is currently experiencing a mixed phase, and the same uncertainty is reflected in its related stocks.

While Bitcoin struggles to hold around $67,536.61, many crypto-related stocks are declining, reflecting growing caution among investors.

Strategy, one of the largest corporate holders of Bitcoin, dropped 4.49% to $133.53. Crypto mining companies faced even sharper losses, with Riot Platforms falling 9.20% and Marathon Digital (MARA) declining 8.67%.

The trend is not limited to the U.S.—Japan’s Metaplanet also dropped 6.32%.

The growing concern surrounding Bitcoin DATs

Remarking on the same, investor Charles Edwards said, 

“77% of Bitcoin Treasury Companies are underwater on their Bitcoin buys. The last…