Crypto asset prices have moved away this week, but the place market is better than most digital asset companies of companies, which have lost more than 90% of their value in some cases due to market saturation and investor concerns over maintaining the Digital Treasury business model.
Approach, the largest bitcoin (Btc) Treasury Company, dropped nearly 45% from the entire time high of $ 543 per part during the Intraday trading in November. Compared to, the BTC has reached about 10% from hitting a high over $ 99,000 in the same month.
In addition, BTC has been printed by sequences of new highs since December, crack in All times high over $ 123,000 In August, while the approach failed to reach a new all-time high in 2024 or even recover the past all time high at the same time.
BTC Treasury Company Metaplanet tells a similar story; Metaplanet shares have refused By about 78% since all time high $ 16 in May.
Metaplanet shares change hands at about $ 3.55 at the time of this writing. Bitcoin prices have refused almost 2% since May’s high over $ 111,000.
Analysts from the Global Bank Standard Chartered said that the collapse of multiple on the Net Asset (MNAV) value (MNAV), a metric that monitors the business value of a company related to its underlying ownership, contracted due to increase in crypto treasury companies.
“We see market saturation as the main driver of MNAV’s recent compression,” the standard chartered analysts wrote. There are current 140 public companies that have adopted Crypto Treasury approach, according to Co ringecko.
Investors and merchants took positions in Crypto treasury plays, hoping that Treasury companies would survive their underlying crypto assets.
However, the negative price performance of these companies in 2025 created the fear they could Worsen the next collapse of the crypto market by forced sale to meet debt obligations.
Related: Risk to crypto treasuries 50% downside to pipe selling pressure
Altcoin treasury plays perform even worse
Sharing Sharpink Gaming, an Ether (Eth) The Treasury Company, has dropped nearly 87% since May 2025, when the stock reached nearly $ 124 per part. Sharplink trades about $ 15.72 at the time of this writing.
However, ETH has experienced a parabolic rally in recent months, rising nearly 115% from May.
Helius Medical Technologies, a Solana (Sol) Treasury Company, lost in more than 97% of its value on year-to-date, According to In Yahoo Finance.
Meanwhile, Sol dropped only about 33% from all time high about $ 295, which reached it in January in the middle of Memecoin Frenzy.
CEA Industries, who returned to a BNB (Bnb) Treasury Company in 2025, lost about 77% of its value since August, when the company struck a full time high over $ 34 before refusing strongly.
CEA Industries shares trade nearly $ 7.75 at the time of writing. The company’s sharp decline occurred in the middle of the BNB price rally in August, which graduated from Altcoin reaching a New all-time high over $ 1,000 in September.
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