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TD Cowen Maintains THE SMARTER WEB COMPANY PLC(TSWCF.US) With Buy Rating, Maintains Target Price $1.35
TD Cowen Initiates THE SMARTER WEB COMPANY PLC(TSWCF.US) With Buy Rating, Announces Target Price $1.34
The myth of 'crypto treasuries' shattered? Dual blows to stock and token prices force companies to liquidate crypto assets.
Companies that once aggressively accumulated cryptocurrencies are now facing a dual blow from both declining stock prices and falling cryptocurrency values. The total market capitalization of these companies has recently shrunk by $77 billion, with the share prices of related companies generally plummeting by more than 40%. In an effort to protect themselves, multiple firms are being forced to reverse their strategies, selling off crypto assets to repurchase shares or repay debts, thereby entering what analysts describe as a 'vicious cycle.' However, MicroStrategy, a pioneer in the field of 'crypto treasuries,' has chosen to increase its holdings against the trend.
Satsuma Raises $217M, Aims To Become The UK's Largest Bitcoin Treasury Company