The post Is Bitcoin Price at Risk of Crash as Treasury Companies Plan Fire Sale? appeared on BitcoinEthereumNews.com. Bitcoin price was flat today, Nov. 26, as volume dropped ahead of the Thanksgiving weekend. BTC was stuck at $87,300, a range it has remained in the past two days. There is a risk that the coin may drop sharply as Bitcoin Treasury companies start selling their tokens. Bitcoin Price at Risk as Treasury Companies Consider Selling Their Coins One of the recent tailwinds that boosted the recent Bitcoin price surge could soon turn into a headwind. According to the Financial Times, many companies that have been accumulating Bitcoin this year could become sellers as the coin continues to underperform other assets like gold and the stock market. The report noted that some companies have already started selling. For example, Sequans Communications has sold Bitcoin coins worth about $100 million. Other companies could start selling, a move that will lead to higher supply over time. Data compiled by BitcoinTreasury shows that there are now over 100 companies with Bitcoin holdings in their balance sheets. The top 100 companies hold 1,058,564, while the rest hold 2,759 coins. Most of these companies started accumulating Bitcoin, not because they believed in it, but because Strategy had successfully transformed from a fledgling software company into a multi-billion-dollar giant.  As such, at some point, some of these firms may decide to sell now that the premium that has long existed has failed. Strategy’s market capitalization has dropped to $49 billion, much lower than its market capitalization of $56 billion. Similarly, Metaplanet, the biggest Bitcoin treasury company in Japan, has a market capitalization of $2.6 billion, much lower than its Bitcoin holdings of $3 billion, meaning that it is trading at a substantial discount.  Other companies like GD Culture, Semler Scientific, and MicroCloud Hologram have a NAV multiple of less than 1. One reason why some of… The post Is Bitcoin Price at Risk of Crash as Treasury Companies Plan Fire Sale? appeared on BitcoinEthereumNews.com. Bitcoin price was flat today, Nov. 26, as volume dropped ahead of the Thanksgiving weekend. BTC was stuck at $87,300, a range it has remained in the past two days. There is a risk that the coin may drop sharply as Bitcoin Treasury companies start selling their tokens. Bitcoin Price at Risk as Treasury Companies Consider Selling Their Coins One of the recent tailwinds that boosted the recent Bitcoin price surge could soon turn into a headwind. According to the Financial Times, many companies that have been accumulating Bitcoin this year could become sellers as the coin continues to underperform other assets like gold and the stock market. The report noted that some companies have already started selling. For example, Sequans Communications has sold Bitcoin coins worth about $100 million. Other companies could start selling, a move that will lead to higher supply over time. Data compiled by BitcoinTreasury shows that there are now over 100 companies with Bitcoin holdings in their balance sheets. The top 100 companies hold 1,058,564, while the rest hold 2,759 coins. Most of these companies started accumulating Bitcoin, not because they believed in it, but because Strategy had successfully transformed from a fledgling software company into a multi-billion-dollar giant.  As such, at some point, some of these firms may decide to sell now that the premium that has long existed has failed. Strategy’s market capitalization has dropped to $49 billion, much lower than its market capitalization of $56 billion. Similarly, Metaplanet, the biggest Bitcoin treasury company in Japan, has a market capitalization of $2.6 billion, much lower than its Bitcoin holdings of $3 billion, meaning that it is trading at a substantial discount.  Other companies like GD Culture, Semler Scientific, and MicroCloud Hologram have a NAV multiple of less than 1. One reason why some of…