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Stock impact report

Investors retreat as shares in bitcoin buyers decline [Yahoo! Finance]

ALT5 Sigma Corporation (ALTS) 
Company Research Source: Yahoo! Finance
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. At least 61 publicly listed companies that are not primarily engaged in digital assets have adopted bitcoin treasury strategies, Reuters reported in June. Shares in Michael Saylor's Strategy, the best known of these bitcoin buyers, have fallen from $457 in July to as low as $328 this week. That is the lowest since April and cuts their gains this year to 13%. Japanese bitcoin treasury company Metaplanet this week hit its weakest since May. The shares are down more than 60% f Show less Read more
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