[Bitpush] The days are tough for those crypto-hoarding companies that went public in the US and Canada this year.
Data shows that the median stock price of these crypto treasury companies has plunged 43%, with some losing more than 99% of their value. Last year, these companies were still in the spotlight—raising funds to buy Bitcoin and various tokens, and as token prices rose, their stock prices soared as well. Now, the narrative has completely changed.
SharpLink Gaming is down 86% from its peak, Greenlane Holdings fared even worse, plunging over 99%, and even Alt5 Sigma, backed by the Trump family, couldn’t withstand a drop of about 86%. Strategy company’s stock is also down 38% this year.
What went wrong? These tokens just sit there without generating any yield, while the companies still need to pay off debts, interest, and dividends, putting them under increasing financial pressure. When market sentiment was high, nobody cared, but now with token prices stagnating, investors are getting anxious—does the “just hoard tokens without making money” model really work?
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BuyHighSellLow
· 12-08 02:26
Haha, this is what they call reaping what you sow. Why didn't they think of this when they were buying like crazy last year?
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The plunge of coin-hoarding companies is basically due to lack of fundamentals, purely relying on coin prices to prop things up.
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If even Trump can't save a project, then it's hopeless.
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Buying coins with borrowed money and still having to repay the debt—how does that logic even make sense?
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99% wiped out instantly, that's a brutal loss, truly unbelievable.
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Thought hoarding coins was a long-term value investment, but it turned out to be just a game of musical chairs.
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Wild fundraising to buy coins in the bull market, bankruptcy in the bear market—the cycle is truly ruthless.
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The root problem is still the lack of the ability to generate value; pure hype can't last long.
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GweiWatcher
· 12-08 02:24
Haha, this is the consequence of leveraging to accumulate coins. If you use financing to buy coins, you still have to pay back the debt. When the coin price moves sideways, it just blows up.
View OriginalReply0
Lonely_Validator
· 12-08 02:24
Haha, this is the legendary "get rich by hoarding coins" gone wrong, I'm dying of laughter.
All the swagger is gone. Last year they were still hyping up hoarding coins to change their fate.
The era of dumb money is over, now you have to actually make money.
Not even Trump endorsing it could save them, that's just how bad it is.
No returns but still in debt? That's just being a pure bagholder.
The moment the coin trades sideways, investors bail, shows there's no real conviction.
Another batch of "smart money" getting rekt by the crypto market.
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FastLeaver
· 12-08 02:17
Haha, this is the price of greed. Hoarding coins doesn't make money, and you still have to burn cash.
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SchroedingersFrontrun
· 12-08 02:15
Haha, this is the fate of hodling coins. No cash flow means death.
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Even the Trump family can't save Alt5, hilarious.
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Last year they hyped it up so much, now they're all stuck holders.
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Now I finally understand what "paper wealth" means. When the coin price drops, nothing matters.
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Told you just hoarding coins is gambling. Regret it now?
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99% evaporated? Might as well have put it in the bank.
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Raising funds to buy coins and pay dividends? That logic was flawed from the start.
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If you can't sit still when the coin is range-bound, it shows you have no conviction—it's all speculation.
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A 38% drop for the strategy is considered lucky, compared to those down 99%.
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Now I realize that coin-hoarding companies with no business support are just empty shells.
HODL Companies Go Silent: US and Canadian DAT Median Stock Prices Plunge 43%
[Bitpush] The days are tough for those crypto-hoarding companies that went public in the US and Canada this year.
Data shows that the median stock price of these crypto treasury companies has plunged 43%, with some losing more than 99% of their value. Last year, these companies were still in the spotlight—raising funds to buy Bitcoin and various tokens, and as token prices rose, their stock prices soared as well. Now, the narrative has completely changed.
SharpLink Gaming is down 86% from its peak, Greenlane Holdings fared even worse, plunging over 99%, and even Alt5 Sigma, backed by the Trump family, couldn’t withstand a drop of about 86%. Strategy company’s stock is also down 38% this year.
What went wrong? These tokens just sit there without generating any yield, while the companies still need to pay off debts, interest, and dividends, putting them under increasing financial pressure. When market sentiment was high, nobody cared, but now with token prices stagnating, investors are getting anxious—does the “just hoard tokens without making money” model really work?