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Stock impact report

Crypto winter could spur 'Darwinian phase' for digital asset treasury companies [Yahoo! Finance]

Kindly MD, Inc. (NAKA) 
Company Research Source: Yahoo! Finance
Over 180 public companies currently hold crypto on their balance sheets, with roughly 100 of that total having followed some version a the playbook that Strategy ( MSTR ) co-founder Michael Saylor pioneered in 2020 by issuing debt and equity to rapidly accumulate bitcoin. The approach gained favor earlier this year when bitcoin prices were on the rise, with investors betting on bullish trends for crypto under the Trump administration. But bitcoin's more recent volatility has prompted a sell-off across the digital asset treasury (DAT) space. Strategy's stock has fallen roughly 40% since bitcoin's Oct. 10 liquidation. Investors have punished Strategy's imitators even worse over the past month. KindlyMD ( NAKA ) has tumbled 39%. Eric Trump's American Bitcoin ( ABTC ) is down 60%. Anthony Pompliano's ProCap Financial ( BRR ) has fallen 65%. Meanwhile, shares in treasury companies holding ether, the second-largest cryptocurrency, are down. Bitmine Immersion Technologies ( BMNR ) Show less Read more
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