Significant Decline: Bitcoin Treasury Companies Plummet by 75% from Maximum Value

Will the trend of Bitcoin-focused treasuries persist or prove transient?

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2025 September 15 . 6:45 PM

1 min read

Cryptocurrency firms associated with the treasury have experienced a significant decline, currently... — Cryptocurrency firms associated with the treasury have experienced a significant decline, currently standing at 75% below their peak values.

Significant Decline: Bitcoin Treasury Companies Plummet by 75% from Maximum Value

In recent months, a notable decline has been observed in Bitcoin treasury companies, affecting not just the larger players but the industry as a whole. This downturn, which began in June, has seen shares of various Bitcoin treasury companies plummeting.

One of the smaller players, Blockchain Group SA (ALCPB), has been affected by this decline. On the other hand, some of the major players like MicroStrategy and Marathon Digital Holdings have experienced significant stock losses, with their market value shares currently under 10%.

Bitwise, another Bitcoin treasury company, has seen its shares collapse by 75% from their peak in late June. Similarly, Strategy, a Bitcoin treasury investment company, has suffered a 28% stock decline from its July top. Metaplanet (MTPLF), currently the sixth-largest Bitcoin treasury company by total holdings, has collapsed by roughly 62% from its all-time high in June.

The reasons behind this decline are twofold. Reduced institutional buying activity and concerns about inflated premiums to net asset value (NAV) in Bitcoin treasury companies are believed to be the main culprits.

Despite this downturn, some analysts do not rule out that the current decline could be the top, potentially making it a buying opportunity. However, the current state of Bitcoin treasury companies is uncertain, with questions about their ability to recover and regain their previous momentum (mojo).

Metaplanet, for instance, is currently at a lower price point than its all-time high of 1,930 Japanese yen. Strategy's stock price is currently lower than its local July top of $458.

As the situation unfolds, it remains to be seen how these Bitcoin treasury companies will navigate this challenging period and whether they will be able to bounce back.