FILE PHOTO: Visitors walk near Metaplanet’s booth during the Bitcoin Asia conference in Hong Kong, China, August 28, 2025. REUTERS/Tyrone Siu/File Photo
LONDON/PARIS/NEW YORK (Reuters) - Companies that accumulate and hoard bitcoin and other cryptocurrencies have suffered sharp drops in their share prices as the crypto mania that has gripped investors for much of the year recedes.
These so-called digital asset treasury companies sell shares or issue debt to raise cash for buying crypto held on their balance sheets. Investors have been snapping up their shares, encouraged by bitcoin's record highs this year as U.S. President Donald Trump embraces the sector.
