Corporate Bitcoin treasuries drop more than $4B on US tariff hike impact
Corporate Bitcoin holdings have sunk to about $54.5 billion from nearly $59 billion on April 2.
Corporate Bitcoin (BTC) treasuries collectively shed more than $4 billion in value after US President Donald Trump’s tariffs triggered a global market sell-off, data shows.
As of April 7, corporate Bitcoin holdings are worth approximately $54.5 billion in the aggregate, down from roughly $59 billion before April 2, according to data from BitcoinTreasuries.net.
The cryptocurrency’s volatility has also weighed on publicly traded Bitcoin holders’ share prices.
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