Altcoins News

Story: Bitcoin drops sharply, devastating companies that believed in it

By Jean-Luc Maracon

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Bitcoin is collapsing. Since October, it has lost more than 47% of its value, hitting hard the companies that bet on it.

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Nakamoto is taking an even bigger hit. Nearly 100% of its market capitalization has vanished, an unprecedented event.

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Bitcoin's volatility is nothing new, everyone knows this, but the current scale of its drop exceeds even the most pessimistic forecasts of experts.

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Executives lack clarity on their recovery strategies. They talk a lot but say very little concrete.

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Central banks aren't helping. An interest rate hike, decided in December, increases the pressure on risky assets like bitcoin.

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In January, analysts question the sustainability of bitcoin investments. Should companies completely rethink their strategy?

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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.

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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.

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On February 22, another shock. Moody's downgrades Strategy's credit rating. The reasons cited include increased bitcoin volatility and financial management deemed reckless.

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On February 24, Lisa Chen, Strategy's CFO, announces that the company is considering diversifying its assets to reduce its reliance on bitcoin.

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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…

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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…

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