#数字资产市场观察 $ETH $BTC

Bitcoin concept stocks really crashed today. 💀

MicroStrategy ( MSTR ) fell directly by 12% in a single day, and those listed companies that followed the all-in crypto narrative—Amber and several DeFi concept firms—have basically seen declines of around 10%-15%. The entire sector is like a domino effect, one after another falling down.

To be honest, MicroStrategy is facing a quite critical choice right now: holding a massive amount of BTC, with debts due soon, and the stock price is in free fall. Should it prioritize paying off debts to ensure survival? Or continue buying coins to prove its faith? Or should it use real money to prop up the stock price?

Although the company recently announced a $1.44 billion dividend reserve plan, attempting to boost market confidence. But just look at the current market – BTC is trading sideways, and the market sentiment is as cold as ice; how much impact can this reserve really make? Investors are clearly not convinced and have voted with their feet.❄️

This brings to mind an old question: when these companies that have staked their fortunes and lives on cryptocurrencies encounter a bear market or when the market loses direction, can their business model still work? Should they continue to stubbornly hold onto their beliefs, or should they first find a way to survive?

What do you think? Do you think there is still hope for these publicly listed companies with heavily invested in crypto assets in the future? 💬