The Currency analytics
By Jean-Luc Maracon
Bitcoin is collapsing. Since October, it has lost more than 47% of its value, hitting hard the companies that bet on it.
Nakamoto is taking an even bigger hit. Nearly 100% of its market capitalization has vanished, an unprecedented event.
Bitcoin's volatility is nothing new, everyone knows this, but the current scale of its drop exceeds even the most pessimistic forecasts of experts.
Executives lack clarity on their recovery strategies. They talk a lot but say very little concrete.
Central banks aren't helping. An interest rate hike, decided in December, increases the pressure on risky assets like bitcoin.
In January, analysts question the sustainability of bitcoin investments. Should companies completely rethink their strategy?
The upcoming board meetings are the focus of all attention. Crucial decisions are expected, and companies affected by the crisis must react quickly to try to limit the damage.
A group of Strategy shareholders is calling for an extraordinary meeting, scheduled for February 28. The goal: to discuss a radical change in strategic direction.
On February 22, another shock. Moody's downgrades Strategy's credit rating. The reasons cited include increased bitcoin volatility and financial management deemed reckless.
On February 24, Lisa Chen, Strategy's CFO, announces that the company is considering diversifying its assets to reduce its reliance on bitcoin.
Vanguard, known for its caution, decides to reduce its exposure to cryptocurrencies. On February 26, an official statement indicates that the company has sold part of its digital…
On February 27, Strategy's board meets to discuss the next steps. Although details are not made public, sources close to the matter indicate that a major restructuring could be…