Analyst warns Bitcoin treasury strategy may not last as newer companies enter space

A crypto analyst warns that the Bitcoin treasury strategy may not last long, with easy gains possibly behind for new companies entering the space. Investors favor early adopters, making it tough for newer Bitcoin treasury firms. Source: James Check

In the past 30 days, 21 entities added Bitcoin as a reserve asset, per BitcoinTreasuries data. Michael Saylor’s Strategy (MSTR) holds 597,325 BTC, while MARA Holdings has 50,000 BTC. Startup Bitcoin treasury firms attract speculators but face financial limits. Bitcoin’s price is at $107,990, up 2.87% in 30 days. Source: CoinMarketCap

Some firms using a Bitcoin treasury strategy may not fully grasp its long-term purpose, aiming for quick profits. Weak companies could be acquired by stronger players as doubts grow over the sustainability of the strategy. Few Bitcoin treasury companies may survive a potential “death spiral.” Source: Cointelegraph

Read more at Cointelegraph: Analyst Warns Bitcoin Treasury Strategy Faces ‘Far Shorter’ Lifespan