- The combined market capitalization of 50 publicly traded companies that had been buying Bitcoin shrank by $83 billion in a little over a year, exposing the limits of the "Bitcoin treasury" model.
- Among 50 companies that switched to a Bitcoin treasury strategy, 43 were trading below their share prices from before announcing their Bitcoin purchase plans, and 35 of them had lost more than half their value.
- As declines in both Bitcoin and share prices pushed up fundraising costs, the biggest corporate Bitcoin holders turned into net sellers, in a period of Bitcoin selling and business contraction.
Market Value of Bitcoin-Buying Public Companies Drops $83 Billion
The market value of publicly traded companies that bought Bitcoin in an effort to lift their share prices is falling sharply. With Bitcoin prices down and fundraising through stock and bond sales becoming more difficult, the "Bitcoin…
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Sep 26, 2026 at 2:46 AM UTC · 3 min de lecture

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bitcoin
Last Updated
il y a 11 minutes
Forecast Trend Report by Period
The market value of publicly traded companies that bought Bitcoin in an effort to lift their share prices is falling sharply. With Bitcoin prices down and fundraising through stock and bond sales becoming more difficult, the "Bitcoin treasury" model is running up against its limits.
Data from Bitcoin Treasuries show the combined market capitalization of the 50 public companies with the largest Bitcoin holdings fell to $67 billion last month from $150 billion in July 2025. That means about $83 billion was erased in a little over a year. Over the past 12 months alone, their combined market value dropped to $57 billion from $124 billion.
Market Context
Bitcoin
BTC
$83,926
-0.34% (24H)
Market Cap
$1.69T
Circulating Supply
20.1M BTC
24H Volume
$34.4B
24H High
$85,247
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