Crypto Holders Sell Tokens as Stock Prices Fall

Crypto-hoarding companies are selling off their digital assets to stabilize plummeting share prices amid a $1 trillion cryptocurrency market downturn. Shares of Strategy, led by Michael Saylor and the largest corporate bitcoin holder, have fallen by 50% in three months, impacting numerous similar firms. The market value of these companies has dropped by $77 billion from a peak of $176 billion in July, according to The Block. This shift highlights the unraveling of the “digital asset treasury” business model.

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