Are Crypto Corporate Treasuries in Trouble Right Now?

[AIcash]

Crypto treasuries are not universally “in trouble,” but they are under more scrutiny and pressure than during the 2020–2021 bull cycle. Many companies built treasuries around Bitcoin when prices were rising and capital was cheap. As prices corrected and volatility returned, those same balance sheets began to show unrealized losses and higher risk exposure.

The key issue isn’t losses alone — it’s liquidity and strategy alignment. Firms with strong core businesses and long-term capital can absorb drawdowns. Those that relied on crypto appreciation to justify treasury decisions are finding the model harder to defend in a slower, more selective market.

[kevin1]

crypto treasuries worked great when everything only went up, shocker