#StopLossStrategies #TrumpTariffs Corporate treasuries of BTC fell by more than 4 billion dollars due to the impact of U.S. tariffs.
The Bitcoin holdings of companies have decreased to about 54.5 billion dollars, down from nearly 59 billion dollars 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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The corporate treasuries of Bitcoin
BTC
72,372 €
collectively lost more than 4 billion dollars in value after U.S. President Donald Trump's tariffs triggered a massive sell-off in global markets, according to data.
As of April 7, corporate holdings of Bitcoin have an approximate total value of 54.5 billion dollars, a decrease from the approximately 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 publicly traded Bitcoin holders.
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 shares of Strategy, the de facto Bitcoin hedge fund founded by Michael Saylor that pioneered corporate Bitcoin buying, have fallen, registering 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 like U.S. Treasury Bonds.