My dear readers, gather ’round, for a tale of woe and wretched misfortune in the land of digital lucre! At a paltry price of $67,515, Bitcoin-that darling of the crypto set-has tumbled a staggering 46.5% from its giddy heights of $126,198, achieved in the halcyon days of October 2025. Oh, the humanity! The corporate treasuries, once so flush with crypto dreams, are now drowning in a sea of red ink, their ledgers weeping with unrealized losses.
Enter the dashing crypto analyst, Charles Edwards, founder of the Capriole fund, who quips with a wink, “77% of Bitcoin Treasury Companies are underwater on their Bitcoin buys.” Ah, the irony! The last time such a calamity befell us was in May 2022, a date that shall live in infamy-or at least in the footnotes of crypto history.
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77% of Bitcoin Treasury Companies are underwater on their Bitcoin buys. The last time this happened was May 2022.
– Charles Edwards (@caprioleio) March 8, 2026
Ah, May 2022! The month when TerraUSD, that ill-fated stablecoin, collapsed like a soufflé in a thunderstorm, setting off a daisy chain of corporate failures that left Bitcoin’s price as bruised as a debutante’s ego at a society ball. And now, the poor dears at Michael Saylor’s Strategy are feeling the pinch, their average purchase price of $75,985 per Bitcoin looking as out of place as a top hat at a beach party.
Bitcoin treasury companies hit by BTC price drop
Strategy, once the darling of enterprise software, now finds itself sitting on billions in unrealized losses, its common stock having plummeted for eight straight months, shedding over 70% of its value since November 2024. Oh, the indignity! One can almost hear the champagne corks popping-in reverse.
Bitcoin price action
Bitcoin, that fickle minx, suffered a three-day nosedive following a midweek flirtation with $74,100 on March 4. Below $67,000 it fell, as investors chewed over U.S. economic data and macro concerns like a bone with no meat. A lower-than-expected jobs report sent shivers down their spines, while traders whispered of interest rate cuts at the Federal Reserve’s impending soiree.
Saturday’s drop, my darlings, coincided with a stronger dollar index, leaving most assets paired with the greenback as limp as a forgotten salad. Bitcoin, ever the drama queen, rebounded slightly from Sunday’s low of $66,541, now teetering at $67,515. Will it rise again? Only the crypto gods know-and they’re notoriously tight-lipped.
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2026-03-08 14:56