Bitcoin24h $63,807.65-0.65%

Ethereum24h $1,889.32-1.22%

BNB24h $592.33+2.48%

XRP24h $1.08-0.08%

Solana24h $73.68+0.04%

TRON24h $0.3286+0.35%

Hyperliquid24h $54.83+1.56%

Dogecoin24h $0.0700-0.05%

UNUS SED LEO24h $9.71-0.57%

Zcash24h $459.01-3.41%

Why billions in Bitcoin treasury purchases can’t pump the price

Public treasury companies have raised about $10 billion this year to buy BTC, yet the spot price keeps falling.

MSTR underperforms, decouples from BTC to the downside

MicroStrategy investors have started to notice that their leveraged treasury stock is starting to underperform BTC.

Scott Bessent confirmed a disappointing amount of US government bitcoin this morning, putting the number at $15B to $20B.

There is a concerningly downward trend in the premium that investors are paying for shares of crypto treasury companies.

Crypto treasury companies have disclosed lavish advisory and asset management fees that will persistently drag on shareholder returns.