Bitcoin DATs Collapse Wipes Out $17 Billion, Research Finds
Recent research from 10X Research reveals that retail investors have lost approximately $17 billion while trying to invest in Bitcoin through digital asset treasury firms. Notable companies, such as Metaplanet and Michael Saylor’s Strategy, are at the center of this substantial financial loss.
Key Findings from the Research
The major losses stem from inflated share premiums. These treasury firms sold their stocks at prices far exceeding the actual value of their cryptocurrency assets. As a result, the value of these shares has significantly collapsed, affecting countless individual investors.
Impacts on Retail Investors
- Estimated loss: $17 billion
- Firms involved: Metaplanet and Michael Saylor’s Strategy
- Issue: Overpriced share premiums
The report, released on a Friday, indicates a shift in the market. Analysts emphasize that the era of financial uncertainty surrounding Bitcoin treasury companies may be coming to an end.
