Strategy’s stock has declined by 4% over the last month compared to Bitcoin’s 3% dip. The split has cast doubt on the high-profile approach that Michael Saylor has used to transform the company into a Bitcoin-oriented organization. The company has also funded massive Bitcoin acquisitions with debt and equity since 2020, which previously drove its share price 2,800%.
Other corporations that followed the Bitcoin treasury form have suffered stiffer losses. Japanese hotel operator Metaplanet fell by 36% during the same month. KindlyMD, a medical start-up that owns Bitcoin, experienced an 87% drop in its stock.
Semler Scientific dropped by 12%, and Trump Media slipped by 8%. Cantor Fitzgerald’s new crypto-linked product, affirmed by Twenty-One Capital and supported by SoftBank and , fell 17% before its IPO was launched.
Over 180 publicly traded companies are currently holding Bitcoin, equivalent to approximately 5% of the total supply. 94 companies among them had a . According to K33 research, nearly a quarter of these firms are now worth less than the Bitcoin they are holding, a sign of market saturation and investor concern.