Bitcoin Rout Pressures Investors Amid Treasury Reckoning: Finance Redefined

Cryptocurrency markets continued their decline for a fourth consecutive week this week, raising concerns over the status of the bull market cycle.

Investor concerns grew on Thursday after a 10X Research report revealed that BitMine Immersion Technologies, the world’s largest corporate Ether (ETH) holder, is sitting on a cumulative unrealized loss of $3.7 billion on its total holdings.

Most digital asset treasuries (DATs) have suffered declines in their net asset value (NAV), making it difficult to raise funds for new investments or to attract new…