BUSINESSTHE BLOCK
Hyperliquid treasuries stand alone in profit as legacy crypto DATs bleed billions
Hyperliquid treasuries are the only crypto treasury firms reporting profits as crypto prices decline, while entities like Strategy and Bitmine experience evaporating paper gains. Legacy crypto DATs are losing billions amid the market downturn.
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Adjacent reporting
- Bitcoin Treasury Firms Shed $62 Billion in Deepening Crypto Rout
- Coinbase turns into a poster child for the crypto selloff
- Bitcoin Slides Under $77K as Crypto Liquidations Top $672M Amid Bond Sell-Off
- Bitcoin slides to April lows as crypto diverges from record-chasing U.S. equities
- French company abandons crypto treasury strategy, will liquidate Bitcoin holdings
- Solana treasury firm Upexi posts $109 million quarterly net loss amid crypto markdowns