PIPE dreams: Bitcoin treasury companies risk further 55% stock price declines
Bitcoin (BTC) treasury companies that raised capital by PIPE (non-public funding in public fairness) offers face mounting stress as share costs gravitate towards their discounted issuance ranges, creating potential losses of as much as 55% for present buyers. According to a Sept. 25 repnort by CryptoQuant, the sample seems constant throughout a number of companies…
