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BITCOIN SLUMP TESTS CORPORATE TREASURIES AS LISTED HOLDERS REWORK BALANCE SHEETS.. A prolonged slide in Bitcoin prices is beginning to strain the balance sheets of listed companies that rode the 2025 boom, prompting divergent strategies to absorb volatility as the token remains stuck below $100,000 after peaking at a record $126,000 last year. With Bitcoin trading in a tight range following its sharp run-up, corporate holders are now confronting the downside of treating the asset as a treasury reserve. Japanese Bitcoin proxy Metaplanet moved this week to shore up its position through fresh equity-linked fundraising, while Tesla booked a hefty impairment charge after marking down the value of its unchanged crypto holdings.
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