The latest downturn in Bitcoin (BTC) has begun to weigh heavily on publicly 
listed companies that built their balance sheets around the market’s leading 
cryptocurrency. On Thursday, Bitcoin hovered near the $65,000 level, 
continuing the sharp decline that began last October. This has impacted equity 
markets, causing the shares of crypto-exposed firms to decline significantly. 
Bitcoin Slide Pressures Digital Asset Treasury Firms According to a Reuters 
report, the renewed volatility in digital assets is dragging down the stock 
prices of companies that hold Bitcoin and other tokens, raising concerns that 
the stress could spread more broadly across the sector. The number of publicly 
traded firms investing in cryptocurrencies surged last year, as many 
executives bet that digital assets would continue to appreciate over the long- 
term. Related Reading: Bitcoin Crashes Below $67,000 As Stifel Warns Of 
Potential Drop To $38,000 However, the backdrop has shifted. Investor anxiety 
over stretched valuations in artificial intelligence (AI) stocks, combined 
with uncertainty surrounding the future path of Federal Reserve (Fed) interest 
rate cuts, has weighed on risk assets more broadly. As a result, Bitcoin has 
slid to its lowest level since October 2024, putting pressure on companies 
whose business models rely on holding digital assets. Many of these digital 
asset treasury firms saw their shares wobble sharply on Thursday. Seven Major 
Companies Suffer Strategy (previously MicroStrategy), the largest corporate 
BTC holder with over 700,000 coins, has been among the hardest hit. Its shares 
have fallen from around $457 in July to as low as $106 on Thursday. In 
December, the company cut its 2025 earnings outlook, pointing to weakness in 
Bitcoin prices, and announced plans to establish a reserve to help support 
dividend payments. The firm led by Michael Saylor said it now expects its 
full‑year results to range anywhere from a $6.3 billion profit to a $5.5 
billion loss, a sharp downgrade from its earlier forecast of a $24 billion net 
profit. Related Reading: Ripple Throws Weight Behind Hyperliquid, Fueling 
HYPE’s Rally Toward Crucial Levels Other Bitcoin‑focused firms also felt the 
impact. Shares of the UK‑based Smarter Web Company fell nearly 18% on 
Thursday. Rival Bitcoin buyers Nakamoto Inc and Japan’s Metaplanet were also 
under pressure, dropping almost 9% and more than 7%, respectively. However, 
the sell-off pressure has not been limited to companies holding only BTC. On 
Thursday, crypto-related firms that stockpiled other digital tokens also 
traded lower amid the correction affecting broader digital asset prices. Alt5 
Sigma, which announced last year that it would accumulate the Trump family’s 
World Liberty Financial (WLFI) token, saw its shares drop 8.4%. Similarly, 
SharpLink Gaming, which holds Ethereum (ETH), declined about 8%, while Forward 
Industries, a holder of Solana (SOL), slid nearly 6%. Featured image from 
OpenArt, chart from TradingView.com

Bitcoin Crash Exposes Colossal Corporate Losses — Here’s Who’s Most Impacted

Santiment says the pattern of large holders selling while retail scoops up 
Bitcoin is “what historically creates bear cycles.”

Large Bitcoin holders’ share of supply hits 9-month low amid price drop

The crypto market is facing renewed pressure as prices and investor confidence 
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to data from CoinGecko. As…

Crypto market cap dips $2T from October peak as Fear & Greed Index falls to 2022 lows

BitMEX has launched copy trading that enables users to replicate the 
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users can copy or reverse copy up to five traders with customizable risk 
controls. Bridging Centralized Reliability with Perp DEX Innovation BitMEX has 
announced the launch of Hyperliquid copy trading, a new feature that […]

Trade Smarter: BitMEX Brings Hyperliquid Copy Trading to Its Platform

Kalshi, the federally regulated prediction market platform, announced a major 
expansion of its market surveillance and enforcement framework aimed at 
preventing insider trading and market manipulation across its platform. The 
updates were shared on February 5, 2026, as part of…

Cryptocurrency price in BTC