ublicly traded companies have gotten bullish on Bitcoin. That may have cost them. At least 26 public corporations are holding bitcoin on their balance sheets, according to data compiled by cryptocurrency analytics firm CoinGecko. Since the price of cryptocurrencies began to plummet in November, they’ve collectively lost nearly $7 billion.
The price of Bitcoin peaked above $67,000 on Nov. 8, but has since fallen 46%. Corporate crypto holdings for the largest 26 totaled at least $14.7 billion at the height of the rally. As of Jan. 26, they’re worth $8 billion.
https://qz.com/2118130/the-crypto-selloff-wiped-7-billion-off-corporate-balance-sheets/https://qz.com/2118130/the-crypto-selloff-wiped-7-billion-off-corporate-balance-sheets/
source https://duchonsigns.wordpress.com/2022/03/24/the-crypto-selloff-wiped-7-billion-off-corporate-balance-sheets/
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