Bitcoin Treasury Investment Fizzles: Speculative Bubble Concerns Mount

The excitement surrounding Bitcoin treasury firms has cooled, as investors become more discerning and the market matures. While initial enthusiasm for this strategy fueled rapid growth in a crowded field, recent performance highlights growing challenges. With declining mNAVs (Market Net Asset Values) and signs of saturation, some industry experts predict a dramatic shift in the sector’s landscape. 200+ publicly listed companies exist but many are facing steep declines in value.