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Bitcoin National Treasury Company Enters 'Darwin Stage', Galaxy Warns of Premium Collapse
Summary: According to reports, the price of Bitcoin has dropped from a high of $126,000 to the $80,000 range, causing the Bitcoin National Treasury Company (DAT) to enter the 'Darwin Stage', with equity premiums collapsing and leverage becoming a burden, leading to most DAT stocks trading at a discount. Galaxy Research report highlights that some companies ...
According to reports, the price of Bitcoin has dropped from a high of $126,000 to the $80,000 range, causing the Bitcoin National Treasury Company (DAT) to enter the 'Darwin Stage', with equity premiums collapsing and leverage becoming a burden, leading to most DAT stocks trading at a discount. Galaxy Research report highlights that some companies like NAKA have plummeted 98% from their peak, while Strategy has raised $1.44 billion in cash reserves to deal with market fluctuations.
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Link: Bitcoin National Treasury Company Enters 'Darwin Stage', Galaxy Warns of Premium Collapse [Copy]