[BJones12]

And it will continue.

Bitcoin treasury companies [0] have equity values lower then their Bitcoin holdings, so it is the financially correct move to sell BTC at market price and use the proceeds to buy back their stock at the market price.

This will lead to additional downward pressure on BTC.

[0] https://bitbo.io/treasuries/

[nradov]

I'm not a fan of Bitcoin but from a purely financial perspective it's natural for treasury companies to trade at a discount to the underlying assets. Obviously the executives are going to find some way to steal most of the value and leave the minority shareholders (suckers) holding the bag.

[tartoran]

How long does it have to drop for it to never recover?

[ecommerceguy]

I think I read 11,000 is when Saylor is completely broken, again.