Morning Edition · Monday, August 3, 2026Published at 1:28 AM EDT · New York
Crypto-Treasury Experiments Unravel at Small Public Companies as Marks Collapse
ZeroStack's crypto holdings fell from $163 million to $15 million, Interactive Strength wrote off a $50 million token bet, and a real-estate firm's $8 million balance may be locked.
Beneath the well-known bitcoin-treasury names, a group of small public companies that adopted crypto balance sheets is now reporting the downside of that strategy. CryptoSlate reports that ZeroStack's crypto holdings fell from $163 million…
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Leveraged Bitcoin Treasury Vehicles Show Financing Strain
Over ~3-9 months, Bitcoin treasury companies face mounting financing stress as their funding instruments trade below par on dividend-coverage doubts, testing the sustainability of the debt/preferred-funded accumulation model.
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