Shares of crypto-treasury companies plunge as market cools
Introduction: The Boom-and-Bust of Corporate Crypto Treasuries In recent months, a new financial trend swept through corporate America and beyond: crypto treasuries. Inspired by high-profile examples like MicroStrategy, dozens of publicly traded firms rebranded themselves as crypto-focused companies, amassing large digital asset holdings on their balance sheets. For a time, the strategy worked. Rising token…