CoinTab analyzed 190 companies with BTC treasury to reveal that many of these companies have more debt than Bitcoin, and a surprising number borrow to buy BTC.
Key findings:
- 73% of companies with Bitcoin treasuries have debt.
- 39% of companies with Bitcoin treasuries owe more than the value of their BTC holdings.
- Since the October 10 crash, 84% of companies with Bitcoin treasuries have seen their stock prices fall by an average of 27%.
You can read the full report at:
https://cointab.com/companies-
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