Bitcoin market bubble pop

[bbc.reporter]

If more of these smaller digital asset treasuries will sell their bitcoin to buy back and save the price of their stock, I reckon it would be very good for them to be the first to dump than become the forced marginal sellers. If they become forced marginal sellers, this would make them sell on a lower price and this will also cause the price of bitcoin to dump lower than the expected low support.



The Bitcoin treasury boom is slowing down.

Public companies added just 14,400 Bitcoin worth about $1.4 billion to their balance sheet in October, the lowest monthly total of 2025 and a sharp, 63% drop from September’s 38,035 Bitcoin, according to data compiled by BitcoinTreasuries.net.

Private companies added even less — about 3.5 Bitcoin for the month.

The dramatic slowdown comes as the premium that made Bitcoin treasuries attractive to investors has collapsed.

Strategy’s mNAV — the ratio between its market capitalisation and the Bitcoin it holds — has fallen to 1.1x, from 1.8x in May. For the sector’s most prominent company, those aren’t auspicious numbers.

And Strategy isn’t alone in its trouble. MetaPlanet, the largest treasury in Asia, is down $30 million on its Bitcoin purchases, while France-based Sequans communications sold 970 Bitcoin to recoup some of the losses it suffered in its stock price.

Read in full https://www.dlnews.com/articles/markets/bitcoin-treasuries-suffer-their-worst-month-on-record/

[NewRanger]

These other companies that have followed Michael Saylor's strategy that are also beginning to buy bitcoin to hold in their treasury to cause a pump on their company's stock, what does everyone speculate on this? Will this create another overinflated bubble that will pop and cause bitcoin to dump similar to the bubble pops before?

There is a hedgefund manager who has lost money from his hedgefund's investments who is presently creating a treasury company. I am very much aware that this is for an altcoin, however, this can also be created for bitcoin and the argument is similar. Will this be the next big bubble pop?

If I look at this possibility, it seems like Asymmetric Financial Corporate Adoption, and it makes perfect sense for Joe McCann, founder and CEO of the Asymmetric Financial crypto hedge fund, to do so because he sees a huge opportunity right now, while also following in Michael Saylor's footsteps by buying and holding BTC on a large scale. If I see how McCann & Asymmetric operates, it will be more of a high-risk hybrid crypto fund model. If I'm right, the risk of further bubbles could be higher due to the leverage and aggressive return expectations, which of course, positively increase the risk of bubbles in the market. This is very different from the pattern Michael Saylor designed. This is not a model that creates comfortable market conditions like Michael Saylor did.

[bbc.reporter]

@NewRanger. If I am not mistaken, Joe Mccann is the same person who had a hedgefund that was very much mismanaged and had much losses. I have heard that he was forced to close this hedgefund because it did not have the cashflow anymore to continue.

In any case, similar to what I have argued before, Michael Saylor and maybe Tom Lee's digital asset treasuries will be the survivors. The others might be forced to dump some of their cryptocoins to buyback the company's stock.

[bbc.reporter]

News update.

It appears that Japan is imposing a limit on companies under their jurisdiction from using similar investment tactics that is being used by Microstrategy and other digital asset treasuries. They might be very much be in speculation that these companies can become exit liquidity for cryptocoin holders hehehehe.



Japan Exchange Group Inc. is mulling measures to limit the growth of listed digital-asset treasury companies, as concerns deepen over losses connected to the crypto hoarding frenzy.

Since September, three listed Japanese companies have put plans to start buying cryptocurrencies on hold due to pushback from JPX, according to one of the people. Those companies have been told their fundraising abilities will be restricted if they pursue buying crypto as a business strategy, the person said.

Read in full https://www.bloomberg.com/news/articles/2025-11-13/japan-exchange-is-looking-at-ways-to-curb-crypto-hoarding-firms

[bbc.reporter]

It appears that there is a rumor that digital asset treasury company that has begun to dump ETH tokens to buy their own stock. The rumor has said that this is Sharplink.

It will be headshaking but it will not be shocking that we will witness these smaller digital asset treasuries that are holding bitcoin begin to dump bitcoin to buy their own stock to support this. The market bubble appears to have been popped already.

[bbc.reporter]

It appears that the latest news updates are telling everyone that the institutional investors are leaving the cryptospace. We cannot be certain why bitcoin has performed very weakly in this bull market, however, we can be quite certain that they are leaving because there are other markets that are performing more strongly. I reckon this is the AI market.

In any case, I am laughing very loudly when I read some of your posts that say retail will arrive and cause a pump on our cryptocoins hehehehehe. This is very headshaking and funny because the people that say this are also retail hehehehehhh.



Bitcoin’s slide to $84,000 is being driven less by mood and more by mechanics, according to Greg Cipolaro, Global Head of Research at NYDIG. In a report, Cipolaro said the core engines of the 2024–25 rally have shifted into reverse.

Spot bitcoin ETFs, once the primary source of demand for the cycle, now exhibit persistent redemptions. Those vehicles funneled billions into bitcoin during the first half of the year, the report points out, but trailing five-day flows have turned negative.

Data from SoSoValue shows that these ETFs are on track to register their highest monthly outflow since launch, having bled out $3.55 billion so far in November, just shy of the $3.56 billion record outflow seen in February.

The report suggests that other factors point to capital outflows.

Corporate treasury trades built around DAT share premiums relative to net asset value have also broken down. As those premiums flipped to discounts, firms that once issued stock to buy bitcoin are now selling assets or buying back shares. Sequans, for example, has earlier this month unloaded BTC to cut debt.

Read in full https://www.coindesk.com/markets/2025/11/23/etf-outflows-stablecoin-flows-and-dat-reversals-signal-crypto-capital-flight-nydig

[bbc.reporter]

This article implies that there is a positive and negative implication. The positive implication on this is Michael Saylor and Microstrategy will not sell their bitcoin. However, the negative implication is similar to what was speculated before, it appears that the digital asset treasuries are in a bubble pop. Some of them are dumping their coins to buy their stock.

The only digital asset treasuries that might be left holding their coins are Saylor's Microstrategy, Tom Lee's Bitmine and maybe 1 or 2 others. 



Facing pressure from critics and investors about Strategy's ability to fund preferred share dividends, Michael Saylor and team early Monday announced the company had spent the past couple of weeks selling common stock to raise a $1.44 billion reserve with which to pay preferred dividends for the next 21 months. The company's goal is to eventually have enough cash in reserve to pay dividends for a minimum of 24 months.

It was a startling turnaround for the pre-eminent bitcoin treasury company, but plunging bitcoin prices combined with a crash in the company's market valuation relative to its bitcoin holdings likely left it no other choice if it didn't want to start liquidating its massive BTC stack (650,000 coins at last check).

None too pleased at the potential dilutive effects of this new strategy, investors in the common stock sold heavily on the news, sending MSTR lower by about 12.5% in Monday action.

Read in full https://www.coindesk.com/markets/2025/12/01/seller-exhaustion-or-a-bottom-strategy-gains-11-from-session-s-worst-levels

[bbc.reporter]

If there are bad news and bearish predictions, there will be also good news and bullish predictions hehehe and this article is certainly very good news.

This is only a speculation from the writer, however, after the bad news and the bad market we have witnessed we deserve to hear a bullish prediction like this.



Bitcoin’s Negative Correlation With Nasdaq Persists, and History Suggests a Bottom May Be Forming

Bitcoin is once again behaving differently from the traditional risk asset complex, and the latest divergence may be sending an important signal.
Negative correlation between bitcoin and the Nasdaq 100 has often aligned with market bottoms for bitcoin, and the current setup looks similar to several past turning points.

Read in full https://www.coindesk.com/markets/2025/12/04/bitcoin-s-negative-correlation-with-nasdaq-persists-and-history-suggests-a-bottom-may-be-forming

[bbc.reporter]

This article declares that the premium era for digital asset treasuries is over except for a French company. This has shown that all of the other digital asset treasuries have underperformed the market indexes on traditional finance.

We cannot be certain on why or if this because of incorrect timing. However, it certainly appears that for the present time, the market bubble on digital asset treasuries has certainly popped.



Just one Bitcoin treasury company managed to outperform the bellwether S&P 500 — which returned investors 16% — in 2025, according to a new report from BitcoinTreasuries.net.

The Blockchain Group, a France-based treasury company, has soared roughly 164% since January 1.

What about other Bitcoin treasuries?

Every other major treasury has underperformed — Strategy is down 12%, Metaplanet has lost nearly one-third of its stock price, and Nakamoto, the self-proclaimed treasury company for treasury companies that raised over $600 million to buy Bitcoin, has bled out over 98%.

Additionally, 60% of these companies are now underwater on their Bitcoin investments.

Read in full https://www.dlnews.com/articles/markets/premium-era-over-for-bitcoin-treasuries-as-sp500-beats-all/

[buwaytress]

Every other major treasury has underperformed — Strategy is down 12%, Metaplanet has lost nearly one-third of its stock price, and Nakamoto, the self-proclaimed treasury company for treasury companies that raised over $600 million to buy Bitcoin, has bled out over 98%.

Additionally, 60% of these companies are now underwater on their Bitcoin investments.[/i]

No surprise, Strategy's probably the only one who's had a ride on earlier rodeos, so they will remember the pain (worse) from before. Everyone else getting on the ride should be able to withstand it (and should have expected it) so the real surprise for me is how they seem so... unprepared! And Bitcoin's barely shed 25%!

Nakamoto bleeding out 98%? What... did they do?

[bbc.reporter]

@buwaytress. The people behind the decision in the company will withstand on their decision to become a digital asset treasury company, however, it is being speculated that the shareholders of the company's stock might not hehehe. They might demand that the cryptocoins in their treasury should be dumped to buy back the stock.

On Nakamoto Holdings, similar to the original argument created for this thread, it was a market bubble. Everyone was triggered when I said this hehehehehe.