It’s not just retail feeling the pressure anymore.


Even Bitcoin treasury companies are taking heavy losses.
Nakamoto Inc sold $20M worth of $BTC in March.
Its average BTC buying price is $118,171
Sold at $70,422
That’s around a 40% loss.
It still holds 5,000 BTC, but the value is far below its cost.
And its stock is down 99% from the peak.
This cycle is hitting deeper than it looks.
BTC-0,53%
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