Bitcoin treasury companies are under pressure as the crypto selloff extends, Bloomberg reported. The combined market value (fully diluted) of bitcoin treasury firms has fallen to about $72bn from a peak of nearly $134bn in early October 2025, wiping out $62bn, according to Artemis data.
Bitcoin Treasury Firms Lose $62bn in Crypto Downturn: Bloomberg
5 June 2026 - 07:37 CEST
By Oihyun Kim
Bitcoin (BTC) dropped about 14% this week to four-month lows, with the slide accelerating after Michael Saylor's Strategy announced its first bitcoin sale since 2022. Firms that pledged to accumulate crypto indefinitely are now focused on staying afloat through reverse stock splits, preferred share issuances, refinancing and asset sales, the report said.
David Bailey-led Nakamoto announced a 1-for-40 reverse split as its shares fell nearly 100% over the past year. Japan's Metaplanet, the world's third-largest bitcoin treasury, is down 80% year-on-year. Twenty One Capital is down 84% over the past year, after SoftBank sold its entire 26% stake to Tether, while ProCap Financial sold 52 bitcoins this week to fund a buyback.
