
Retail investors exposed to Bitcoin through public treasury companies have incurred losses of approximately $17 billion, according to 10x Research. The report reveals that these investors overpaid by nearly $20 billion due to inflated stock premiums that have now vanished. This correction marks the end of an era characterized by speculative premiums and 'financial magic', paving the way for more disciplined and arbitrage-focused Bitcoin asset management strategies. Market leaders like Metaplanet and Michael Saylor’s Strategy company illustrate this shift as their valuations realign closer to net asset value. Experts predict a maturing market with firms emphasizing genuine Bitcoin exposure and sustainable returns. Galaxy Digital's CEO, Michael Novogratz, also signals the peak of crypto treasury company issuance amid increasing market competition.
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Retail Investors Face $17 Billion Loss as Bitcoin Treasury Stocks Deflate, 10x Research Reveals
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