Nasdaq-Listed AIXC Abandons Crypto Treasury, Liquidates Holdings After 50% Unrealized Loss

Nasdaq-listed AIXC (AIXC) has decided to completely withdraw from its digital asset treasury strategy, planning to gradually liquidate its cryptocurrency holdings to refocus on its core robot leasing and operations business, according to a report from CryptoSlate. As of the end of the second quarter, the company held 46 $BTC, 616 $ETH, 6,659 $SOL, and 1,308 $BNB, along with smaller amounts of $ADA, $LINK, $TRX, $USDT, and $XRP. The company was sitting on an unrealized loss of approximately 50% on these holdings.

Background: A Shift in Corporate Crypto Adoption

AIXC’s move marks a notable reversal in the corporate trend of adding cryptocurrencies to treasury reserves, a strategy that gained popularity during the 2020-2021 bull market. While some companies, like MicroStrategy and Tesla, have maintained or even expanded their crypto exposure, others have retreated amid market volatility and regulatory uncertainty. AIXC’s decision underscores the risks associated with holding digital assets on corporate balance sheets, especially for companies outside the crypto-native sector.

The company’s unrealized loss of about 50% reflects the significant downturn in crypto prices since its initial purchases. For example, Bitcoin has traded in a wide range over the past two years, and Ethereum, Solana, and $BNB have all experienced substantial drawdowns. This financial hit likely influenced the board’s decision to exit the strategy and prioritize stability in its core operations.