Bitcoin Treasury Companies Under Pressure Amid Market Volatility

[nihalsari]

Bitcoin treasury firms faced mounting losses following Trump’s China tariff announcement, with Strategy (MSTR) seeing its mNAV fall below 1.180, the lowest in nearly two years.

The sell-off affected firms with significant BTC holdings, including Strategy, which currently holds $78 billion in Bitcoin against a $94 billion market cap. Analysts note that mNAV levels below 1.0 signal weakening balance sheets and may increase consolidation pressure in the sector.

The broader market turbulence also impacted Coinbase, Bullish, and MARA, reflecting the heightened risk for crypto equities during geopolitical shocks.

[alex10]

Companies holding large BTC reserves are definitely sweating now. Volatility can turn balance sheets upside down overnight.

[jacson4]

This highlights why diversification is crucial, even for Bitcoin-heavy firms. Treasury management in crypto isn’t easy.

[The_Walking_Dead]

Exactly — holding too much BTC without hedging is a double-edged sword ️ great when it pumps, brutal when it dumps

[Couturier]

Brutal outlook if it really loses that key support, we could see capitulation levels fast

[Swipe]

Totally — risk management in crypto isn’t just about profits, it’s about survival ️ smart hedging separates the pros from the gamblers

[Pitchfork_IS_power]

Exactly too many overlook the risk side — in crypto, capital preservation is the real alpha 🧠