The post Bitcoin Treasury Companies Now Down 75% from Peak appeared on BitcoinEthereumNews.com. Bitcoin treasury stocks tumble  Key reasons behind dramatic decline  According to data provided by André Dragosch, European head of research at Bitwise, the shares of Bitcoin (BTC) treasury companies have now collapsed by a whopping 75% from their peak in late June.  The analyst does not rule out that this could be the top, but he also does not rule out that this could end up being a buying opportunity. Bitcoin treasury stocks tumble  The shares of Metaplanet (MTPLF) have now collapsed by roughy 62% from its all-time high of 1,930 Japanese yen that was achieved in June. It is currently the sixth-largest Bitcoin treasury company by total holdings.  Strategy, the 900-pound gorilla of Bitcoin treasury investment, has also suffered a sharp stock decline of 28% from its local July top of $458 by a modest 10%.  You Might Also Like The same applies to smaller players of the likes of Blockchain Group SA (ALCPB).  Key reasons behind dramatic decline  The massive plunge in the shares of Bitcoin treasury companies has been mostly driven by substantially reduced institutional buying activity as well as persistent concerns about inflated premiums to net asset value (NAV).  It remains to be seen whether Bitcoin treasury companies will be able to revive their mojo. Source: https://u.today/bitcoin-treasury-companies-now-down-75-from-peakThe post Bitcoin Treasury Companies Now Down 75% from Peak appeared on BitcoinEthereumNews.com. Bitcoin treasury stocks tumble  Key reasons behind dramatic decline  According to data provided by André Dragosch, European head of research at Bitwise, the shares of Bitcoin (BTC) treasury companies have now collapsed by a whopping 75% from their peak in late June.  The analyst does not rule out that this could be the top, but he also does not rule out that this could end up being a buying opportunity. Bitcoin treasury stocks tumble  The shares of Metaplanet (MTPLF) have now collapsed by roughy 62% from its all-time high of 1,930 Japanese yen that was achieved in June. It is currently the sixth-largest Bitcoin treasury company by total holdings.  Strategy, the 900-pound gorilla of Bitcoin treasury investment, has also suffered a sharp stock decline of 28% from its local July top of $458 by a modest 10%.  You Might Also Like The same applies to smaller players of the likes of Blockchain Group SA (ALCPB).  Key reasons behind dramatic decline  The massive plunge in the shares of Bitcoin treasury companies has been mostly driven by substantially reduced institutional buying activity as well as persistent concerns about inflated premiums to net asset value (NAV).  It remains to be seen whether Bitcoin treasury companies will be able to revive their mojo. Source: https://u.today/bitcoin-treasury-companies-now-down-75-from-peak