Bitcoin treasury playbook faces ‘far shorter lifespan’ — analyst

James Check, a crypto analyst, believes the viability of the Bitcoin treasury strategy might be declining. He notes that new companies struggle to gain traction without a specific niche, as early adopters hold a dominant market position.

Check highlights that while retail investors are drawn to startup Bitcoin treasury firms, these firms lack financial sustainability. There’s an increasing concern that many companies might not withstand market volatility or risk facing potential “death spirals”.