#DiversifyYourAssets #TrumpTariffs Corporate treasuries of BTC fell by more than 4 billion dollars due to the impact of U.S. tariffs.
Corporate Bitcoin holdings have decreased to nearly 54.5 billion dollars, down from almost 59 billion on April 2.
Corporate treasuries of BTC fell by more than 4 billion dollars due to the impact of U.S. tariffs.
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Corporate treasuries of Bitcoin
BTC
€72,372
collectively lost more than 4 billion dollars in value after the tariffs imposed by U.S. President Donald Trump triggered a massive sell-off in global markets, according to data.
As of April 7, corporate holdings of Bitcoin are worth approximately 54.5 billion dollars in total, a decrease from about 59 billion dollars prior to April 2, according to data from BitcoinTreasuries.net.
The volatility of the cryptocurrency has also affected the stock prices of Bitcoin holders that are publicly traded.
The Bitwise Bitcoin Standard Corporations ETF (OWNB), an exchange-traded fund (ETF) that tracks a diversified basket of corporate Bitcoin holders, has lost more than 13% since Trump announced massive import tariffs in the U.S. on April 2, according to Yahoo Finance.
Even the stocks of Strategy, the de facto Bitcoin hedge fund founded by Michael Saylor that pioneered corporate Bitcoin buying, have fallen, recording losses of more than 13% since April 2, according to data from Google Finance.
The losses highlight ongoing concerns about the growing popularity of Bitcoin as a corporate treasury asset. Historically, corporate treasuries hold very low-risk assets such as U.S. Treasury Bonds.