Heads up: After months of gobbling up Bitcoin and altcoins, some big crypto treasuries (think Sequans and EthZilla) have quietly started dumping assets to fund share buybacks and cover NAV discounts. That stealth selling could spark a wider market sell-off, sending prices sliding if the dominoes really start to fall.
In this breakdown, we cover who’s unloading, why they’re doing it, which coins stand to take the biggest hit, other red flags of treasury distress, and the creative lifelines these firms might explore to stay afloat.
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