Bitcoin Corporate Treasuries Lose $4B, Tariffs Make It a Wild Ride!
Well, folks, it’s happened! Corporate Bitcoin treasuries have lost more than $4 BILLION (yes, you read that right) after a little tantrum from US President Donald Trump and his tariff plans. The markets are having a nice global panic party, and Bitcoin’s hanging out in the corner, just… well, being Bitcoin. 🤑
As of April 7, the corporate Bitcoin stash is now worth a cool $54.5 billion, down from about $59 billion. And we’re talking about some serious digital coinage! Thanks to Trump’s tariff announcement on April 2, it’s like watching a slow-motion car crash at a blockchain conference. 🚗💥
Oh, and let’s not forget that Bitcoin’s dramatic ups and downs are also turning corporate Bitcoin holders’ stock prices into a rollercoaster ride. Bitwise Bitcoin Standard Corporations ETF (OWNB) – which sounds so fancy, doesn’t it? – has dropped over 13% since Trump decided to stir things up with his tariffs. Yahoo Finance is crying just thinking about it.
Even Strategy – you know, the big shot Bitcoin hedge fund led by Michael Saylor – is looking at a 13% dip since the tariff announcements. Their shareholders are probably pulling out their hair and wondering if they should’ve just bought some gold. 🔥💸
This whole debacle is highlighting that maybe, just maybe, Bitcoin isn’t the safest bet for corporate treasuries. I mean, historically, these treasuries keep things like US Treasury Bills – aka the financial equivalent of a nice, comfy couch. Cryptocurrencies? Not so much. They’re more like that unpredictable rollercoaster you didn’t sign up for. 🎢
Is Bitcoin Really Cut Out for Corporate Treasuries?
In 2024, Bitcoin was the star of the show, pushing Strategy’s stock up more than 350%. But now, it’s like watching a dog that’s suddenly too old for fetch. Investors are scratching their heads. 🤔
Case in point: GameStop, the gaming giant that decided to turn Bitcoin into their new best friend. March was not kind to them, as they lost nearly $3 billion in market cap when their shareholders thought, “Wait, this is starting to look like a bad Netflix movie.” 🍿💸
Bret Kenwell, the US investment analyst at eToro (aka the guy you want on your side when things get real), told Reuters, “There are question marks with GameStop’s model. If Bitcoin is going to be the pivot, where does that leave everything else?” Good question, Bret. Great question. 🙄
But hold onto your hats! Adding Bitcoin to corporate treasuries might not be the disaster some think. According to Fidelity Digital Assets, Bitcoin could still be a valuable hedge against fiscal deficits, currency debasement, and geopolitical messes. It’s like a security blanket for the corporate world in a chaotic global economy. 🛡️
And guess what? Bitcoin has shown a little resilience in the face of Trump’s tariff tantrums. Binance says that BTC has been hanging in there like a champ, rebounding when traditional risk assets started melting down. Now, that’s something you don’t see every day! 🏋️♂️
But investors will be on the edge of their seats to see if BTC can keep its shiny appeal as the non-sovereign, permissionless hero we all need in a protectionist world. Stay tuned, folks. This rollercoaster ain’t stopping anytime soon. 🎢📉
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2025-04-08 00:48