🔸 Companies with large amounts of cryptocurrencies on their balance sheets (called DAT) suffered a sharp decline.

🔸 This occurred after Bitcoin and Ethereum, which had recently reached new highs, reversed their prices downward.

🔸 The stocks of these companies, such as Strategy (MSTR), Metaplanet, and Nakamoto, fell significantly. The companies with the most Ethereum in their portfolios were the most affected.

🔸 The article explains that these stocks are considered "high risk," meaning their prices rise significantly when the crypto market is doing well, but drop more sharply when the market cools down. $BTC