65% of Corporate Bitcoin Treasuries Are Underwater: Report
A November report indicated that 65% of corporate Bitcoin treasuries were underwater following a price drop below $90,000.Summary
An exclusive Corporate Adoption Report from Bitcoin Treasuries revealed that 65% of public companies holding Bitcoin saw unrealized losses in November after the price briefly dipped below $90,000. Despite this, large balance sheets continued to dominate net buying, with Strategy accounting for about 75% of net new purchases after sales. While accumulation slowed compared to previous quarters, it remained steady, with total tracked holdings surpassing 4 million BTC by month's end. Sales were limited, though some companies like Sequans reduced exposure. The data suggests a 'barbell pattern' of small distressed sellers versus consistent, disciplined buyers, with Bitcoin increasingly viewed as collateral or for cash flow. Global corporate holdings are also diversifying geographically, with non-U.S. public companies now representing about 9% of the total.
(Source：Bitcoin Magazine)