Public Firms Face Staggering Losses as Bitcoin Drops Below $80,000

Public companies are grappling with mounting losses from their Bitcoin (BTC) reserve strategies as the cryptocurrency’s value plunges.   This comes as BTC dropped below $80,000, sparking renewed debate over the risks of corporate investments in digital currencies. Are Bitcoin Reserve Strategies Backfiring for Companies? The week opened on a grim note for the cryptocurrency market, with many referring to it as a “Black Monday. ” According to BeInCrypto data, Bitcoin saw a sharp decline of 9 source: https://beincrypto.com/bitcoin-losses-public-companies/