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Bitcoin Downturn Seeps Into Crypto Treasury Space

Crypto News

A recent downturn in the price of cryptocurrencies is reportedly impacting the so-called “crypto-treasury” space.

That’s according to a report Sunday (Nov. 9) from The Wall Street Journal (WSJ), which noted that this trend has some investors doubling down, and others feeling vindicated.

For most of this year, this report said, companies followed the same path: selling shares or borrowing funds and putting that cash into crypto. It’s a method pioneered by Michael Saylor in 2020 when he turned his software company, then called MicroStrategy, into a bitcoin-focused firm now-called Strategy.

But now, with the price of bitcoin and ether falling, shares of Strategy and its imitators are doing the same. Strategy’s price peaked at…

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