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Digital asset treasuries are borrowing hundreds of millions to buy back their own shares as market caps sink below their Bitcoin holdings, signaling what analysts call the “death rattle” of the corporate BTC craze. Mergers like Strive’s $1.2B Semler deal hint that consolidation—not endless accumulation—may be the only path forward.

Digital asset treasuries are borrowing hundreds of millions to buy back their own shares as market caps sink below their Bitcoin holdings, signaling what analysts call the “death rattle” of the corporate BTC craze. Mergers like Strive’s $1.2B Semler deal hint that consolidation—not endless accumulation—may be the only path forward.
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Trash reporting...Atleast two of these are straight ETH. "An FT report focuses on seven relatively small companies whose corporate Bitcoin journey has turned out to be rough. The article names Semler Scientific, ETHZilla, Empery Digital, CEA Industries, Metaplanet, SharpLink Gaming, and Ton Strategy. Five of them now have market capitalization below their Bitcoin holdings. "

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