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Crypto Treasury Premiums Disappear as Markets Reset
The crypto-treasury trade that dominated 2025 is unwinding. Strategy has slipped below the value of its own bitcoin, more than 160 peer companies are trading at discounts to their token holdings, and new capital has dropped from $41B to $3.7B. A full reset is underway across the market. #crypto #governance #markets #riskmanagement #corporatefinance #inhousecounsel
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