arstechnica.com
Companies are selling crypto assets from their treasuries, reversing the crypto treasury model. Firms like FG Nexus and ETHZilla sold significant amounts of Ether to fund share buybacks and boost their stock prices. Sequans Communications liquidated Bitcoin to service debt, highlighting struggles for companies that borrowed to buy crypto. Experts warn that while Bitcoin and Ether are relatively liquid, selling niche tokens will be difficult. Some believe most digital asset treasuries will become worthless. Contrasting this trend, Strategy has increased its Bitcoin holdings despite price volatility, with its CEO brushing off concerns and embracing the volatility.
