Continued Bitcoin decline as corporate crypto treasuries confront challenges

Corporate crypto treasuries are struggling with unrealized losses, impairing their ability to raise capital. BitMine, the largest Ether holder, has reported $3.7 billion in losses, while Bitcoin has dipped to $82,000.

With MSCI potentially excluding high-crypto asset treasuries, investor confidence wanes. Amidst market turmoil, Coinbase has launched ETH-backed loans, aiming to bolster lending as digital asset values continue to decline.