The Bumpy Road for Crypto-Treasury Companies

Published: Monday, November 10, 2025 · 10:42 AM | Updated: Monday, November 10, 2025 · 10:42 AM

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$70 billion That’s the approximate market value of Strategy, formerly known as MicroStrategy, as of Friday’s close—down from a peak of about $128 billion in July. Shares of Michael Saylor’s “crypto-treasury” company and copycats have tumbled as bitcoin and ether prices have fallen.

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