Bitcoin Treasury Firms Lose $62 Billion as Crypto Rout Deepens

Hey, so I just read some interesting news about Bitcoin and companies dealing with it. Apparently, firms that have Bitcoin in their treasury have lost about $62 billion in market value, dropping from $134 billion in early October to $72 billion now. This downturn is exposing flaws in the digital-asset treasury model created by Michael Saylor's Strategy Inc. Bitcoin itself fell 14% this week, hitting lows we haven't seen in four months, partly because Strategy sold some Bitcoin for the first time since 2022. Smaller companies are really struggling, like Nakamoto, which announced a huge reverse stock split and reported a net loss of $238.8 million. Japan's Metaplanet also took a hit, losing 95 billion yen ($619 million) for the fiscal year 2025. Meanwhile, Twenty One Capital, led by Jack Mallers, had Tether acquire a stake from SoftBank, and their shares dropped significantly. Experts are saying that forced selling is really messing up the 'buy and hold' approach, causing serious issues for retail investors. A report suggested that without a solid Bitcoin rally, many of these stocks might keep declining.