Bitcoin wobble sparks sell-off in crypto stocks — but corporates still hoard BTC Bitcoin is stuck in a choppy range around $67,536.61 as investor caution ripples through crypto-related equities. Several high-profile names slid on the session: Strategy fell 4.49% to $133.53, Riot Platforms plunged 9.20% and Marathon Digital (MARA) dropped 8.67%. Japan’s Metaplanet also retreated 6.32%. The moves underline growing nervousness about Bitcoin’s near-term direction. Investor Charles Edwards noted the breadth of the pain on X, writing: “77% of Bitcoin Treasury Companies are underwater on their Bitcoin buys. The last time this happened was May 2022.” That reference echoes a traumatic episode for the industry — the Terra-Luna collapse in May 2022 — when UST lost its dollar peg, the Luna Foundation Guard sold more than 80,000 BTC in a bid to stabilize markets, and Bitcoin slid from roughly $40,000 to near $25,000. The sell-off wiped out more than $40 billion from crypto markets inside a week, toppled firms such as Three Arrows Capital (which lost an estimated $500 million and went insolvent) and cascaded into failures and freezes at lenders including Celsius and Voyager, ushering in the crypto winter. Today’s turbulence is also visible in flows: Bitcoin spot ETFs registered about $348.9 million in net outflows, suggesting some investors are taking risk off the table. But the corporate picture is more resilient. Public companies still hold sizeable Bitcoin treasuries — collectively around 1.138 million BTC as of early March, according to BitcoinTreasuries.net. The largest reported holder, Strategy, accounts for roughly 720,737 BTC. Other notable corporate treasuries listed include MARA Holdings with 53,822 BTC, Metaplanet with 35,102 BTC, and Riot Platforms with 18,005 BTC. Despite near-term losses, industry leaders remain bullish on broader adoption. Strategy CEO Phong Le and Nakamoto chairman David Bailey argued recently that broader ownership is key to progress for Digital Asset Treasuries, saying, “If we really want the progress to continue, we need more people to own Bitcoin every year. And it’s just an inevitability… And Bitcoin will be successful with or without the government.” Bottom line: short-term price swings and ETF outflows are stoking fear, but sizable corporate holdings show many institutions continue to view Bitcoin as a strategic asset — even if much of the sector is currently underwater. Disclaimer: This content is informational and not investment advice. Cryptocurrency trading is high risk; do your own research before making financial decisions. © 2026 AMBCrypto Read more AI-generated news on: undefined/news

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