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Bitcoin Treasury Stocks: Facing Potential 55% Plunge as PIPE Dreams Collapse
Bitcoin Treasury Stocks: Facing Potential 55% Plunge as PIPE Dreams Collapse
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Corporate bitcoin bets backfire as treasury holdings trigger massive valuation gaps.
The Balancing Act
Companies that loaded up on bitcoin during the bull run now face brutal arithmetic. Stock prices disconnected from underlying assets create unsustainable premiums. When the crypto tide goes out, everyone sees who's swimming naked.
Market Realities
Traditional investors never fully embraced the 'bitcoin as treasury' narrative. They see volatility, regulatory uncertainty, and now—massive downside exposure. The 55% potential decline reflects fundamental skepticism about crypto's role in corporate finance.
Wall Street's cold calculus meets crypto's wild west—and somebody's about to get shot.
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