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One in four public bitcoin treasury firms are now trading below the value of their BTC holdings, signaling fading corporate demand, according to K33.

CryptoLite said:

One in four public bitcoin treasury firms are now trading below the value of their BTC holdings, signaling fading corporate demand, according to K33.

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Corporate demand is doing just fine. Bitcoin ETFs have been recording net inflows for five days in a row, with a new daily inflow record set recently.

Buying shares of companies that hold BTC on their balance sheet is more of a quasi-investment — and it’s still seen as indirectly risky. That’s exactly why MicroStrategy wasn’t included in the S&P 500.

Makes me feel better about holding long-term, corporate whims come and go.