Companies shares with crypto treasures sink hand in hand with market fall

The actions of Treasury Digital Treasury firms fell strongly on Friday, following the correction of prices seen in cases of BTC, ETH and SOL.

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• Strategy loses 33% since its November 2024 historical maximum.
• Metaplanet and Nakamoto They suffer falls after corporate fusion.
• Kulr Technology It stands out with record income.
• Companies with Critpo treasureries are usually much more sensitive to market movements.

The fall seen in the crypto market in recent days not only affected the main digital currencies, since companies that handle treasury in these assets were also affected, for which their actions capitalize down during the day of this Friday, August 15, as reflected recently published reports.

Companies with Crypto Treasury Affected after the fall

Let’s take for example the case of Strategy (Mstr)founded by Michael Saylor, retreated 3% in the day, accumulating a 20% drop from July and 33% compared to the historical record reached in November 2024. The ratio Mstr/ibit fell to 5.43, its lowest level since March, marking lower performance against the Ishares Bitcoin Trust (Ibit) Blackrock and returning at values of the beginning of the year.

It is also Metaplenet (3350), which lost 9%, while Nakamoto (Naka) 12% fell after completing its fusion with Kindlymd To create a new treasury entity focused on BTC.

Companies with high exposure to Ethereum They suffered more pronounced losses. Bitmine Immersion Technologies backed 7%, while Sharplink Gaming (Sbet) 14% collapsed in the first hours of the session.

Firms focused on Solarium Nor did they escape sales. UPEXI (UPXI) gave more than 9%, and DEFI DEVELOPMENT (DFDV) lost 5%.

This setback coincided with the drop in the price of Bitcoin (BTC) Below USD $ 117,000, extending the bearish turn from the historical maximum of USD $ 124,000 briefly reached Thursday. Ethher (eth) He retreated from his record above USD $ 4,800 and remained only over USD $ 4,400.

But despite the negative panorama, there were some outstanding atypical cases. We have a Kulr Technology (Kulr), which unmarked the trend and rose more than 5% after reporting an interannual increase in income of 63% in the second quarter, the largest in its history. The company attributed the result to its balance strategy “Bitcoin-First”, prioritizing the accumulation of BTC as the main asset.

Business Model with Crypto Treasury

Let us keep in mind that these types of companies, known as Dat, They follow a strategy consisting of capturing funds by issuing actions and debt to accumulate cryptocurrencies.

This approach, popularized by Michael Saylor, makes them highly sensitive investment vehicles: they amplify the profits when the market rises, but also record more severe falls when prices correct.

In the widest market, most actions linked to crypto also closed down. Riot Platformdedicated to mining Bitcoin, and Galaxy Digital (GLXY), Digital asset conglomerate, gave about 8%. Coinbase (Coin) 1.6%fell, while Circle (CRCL) It rose 3.5% after successfully completing a secondary offer of shares.

Written article with the help of an AI content editor, edited by Angel Di Matteo / Diariobitcoin

Original image of UNSPLASH.

WARNING: Diariobitcoin offers informative and educational content on various topics, including cryptocurrencies, AI, technology and regulations. We do not provide financial advice. Cryptactive investments are high risk and may not be adequate for all. Investigate, consult an expert and verify the applicable legislation before investing. I could lose all its capital.

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