{"id":42426,"date":"2025-08-15T16:46:55","date_gmt":"2025-08-15T16:46:55","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=42426"},"modified":"2025-08-15T16:46:55","modified_gmt":"2025-08-15T16:46:55","slug":"digital-asset-treasury-firms-plunge-as-bitcoin-tumbles-below-117k-eth-slides-to-4-4k","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=42426","title":{"rendered":"Digital Asset Treasury Firms Plunge as Bitcoin Tumbles Below $117K, ETH Slides to $4.4K"},"content":{"rendered":"
\n

Digital asset treasury (DAT) firms, seen as high-beta plays on crypto prices, sold off sharply on Friday as the August crypto rally showed signs of exhaustion.<\/p>\n

Strategy (MSTR) fell another 3% on Friday, extending its decline to 20% since July\u2019s high and 33% from the November 2024 all-time high. The MSTR\/IBIT ratio dropped to 5.43, its lowest since March, signaling continued underperformance against BlackRock\u2019s iShares Bitcoin Trust (IBIT) and a return to levels last seen at the start of the year.<\/p>\n

Other bitcoin treasury stocks also declined, with Metaplanet (3350) down 9% and Nakamoto (NAKA) off 12% following the completion of its merger<\/a> with KindlyMD to form a new bitcoin treasury entity.<\/p>\n

\"MSTR\/IBIT<\/p>\n

Breaking from the trend, KULR Technology<\/a> (KULR) gained over 5% after reporting second quarter revenue growth of 63% year-over-year, the highest in its history, driven by its bitcoin-first balance sheet strategy.<\/p>\n

Firms with ETH-heavy portfolios suffered steeper losses.<\/p>\n

Bitmine Immersion Technologies and SharpLink Gaming, the two most prominent Ethereum strategy firms, declined 7% and 14%, respectively, in the early hours of the session.<\/p>\n

Solana-focused companies weren’t spared either. Upexi (UPXI) plunged over 9%, while DeFi Development (DFDV) was 5% lower.<\/p>\n

BTC, ETH, SOL rally cools<\/h3>\n

The move coincided with bitcoin (BTC) sliding below $117,000, extending its reversal from Thursday’s short-lived spike to $124,000, a new all-time high. Ether (ETH) tumbled back after challenging its record high above $4,800, now barely holding the $4,400 level.<\/p>\n

DATs pursue a strategy to raise funds by selling equity and debt to accumulate cryptocurrencies, a playbook pioneered by Michael Saylor’s Strategy. They are seen as a high-beta play on crypto prices, rising more when the underlying asset rallies, but suffering bigger drawdowns when the market cools.<\/p>\n

Most crypto-related stocks also traded lower during the session. Bitcoin miner Riot Platform and digital asset conglomerate Galaxy (GLXY) were lower by roughly 8%. Coinbase (COIN) was modestly down 1.6%, while Circle (CRCL) gained 3.5% following the successful completion of a secondary share offering.<\/p>\n

Read more: Bitcoin Rally Stalls on U.S. Inflation, Policy Whiplash: Crypto Daybook Americas<\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Digital asset treasury (DAT) firms, seen as high-beta plays on crypto prices, sold off sharply on Friday as the August crypto rally showed signs of exhaustion. Strategy (MSTR) fell another 3% on Friday, extending its decline to 20% since July\u2019s high and 33% from the November 2024 all-time high. The MSTR\/IBIT ratio dropped to 5.43, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-42426","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/42426","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42426"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/42426\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}