A wave of publicly traded companies built to hold Bitcoin for investors is unraveling fast, wiping out tens of billions in market value as the crypto downturn grinds on. When Bitcoin was soaring, the pitch was simple: buy shares in a company that stockpiles Bitcoin, and watch your investment grow — without ever touching a crypto wallet. For a while, …
Author
Victoria Kelly
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The crypto market is experiencing a profound tactical shift, splitting investor focus …
