Pantera Predicts ‘Brutal’ Purge of Crypto Treasuries

Concentration patterns have emerged most clearly in Bitcoin and Ethereum corporate holdings, where well-capitalized entities have dominated recent purchases.

Crypto News

Investment firm Pantera Capital predicts a year of significant winnowing among companies holding cryptocurrency on their balance sheets, with a few dominant players continuing to accumulate Bitcoin and Ethereum while smaller operations face acquisition or abandonment. The firm characterized 2026 as bringing “brutal pruning” to digital asset treasuries.
Concentration patterns have emerged most clearly in Bitcoin and Ethereum corporate holdings, where well-capitalized entities have dominated recent purchases. Pantera expects only a handful of major treasury operators will…

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