Bitcoin, Ether, Solana Treasuries Lead Crypto Stock Slump; NAKA, MTPLF, HSDT Slide Over 10%
Crypto-related stocks started December lower as bitcoin tumbled toward $84,000 during U.S. morning hours.
Shares of Coinbase (COIN), Gemini (GEMI) and Galaxy Digital (GLXY) declined nearly 6%. Crypto mining stocks were also hit, with MARA Holdings (MARA), Riot Platforms (RIOT) and Hive Digital (HIVE) falling 7%-9%.
Bitcoin treasury play Strategy (MSTR) slid 11% to its lowest level since October 2024 after revealing a new $1.44 billion cash reserve and slashing its 2025 profit outlook.
Other crypto treasury bets also slumped. American depositary receipts of Metaplanet (MTPLF), a Japan-listed corporate BTC holder, declined 10%, while KindlyMD (NAKA) fell 9.9% and American Bitcoin (ABTC) lost 6.7%. Ether-focused BitMine (BMNR)…
