Bitcoin Treasury Companies Face 65% Struggle With Unrealized Losses

A recent report from BitcoinTreasuries.Net highlights challenges for Bitcoin-focused treasury companies. Key findings include:

Approximately 65% of analyzed companies purchased Bitcoin at prices higher than the current market value, leading to substantial unrealized losses.
Despite a Federal Reserve rate cut, Bitcoin's price fell below $90,000, impacting buyers from earlier years.
Some companies, like [Strategy](https://holder.io/coins/), continue acquiring Bitcoin, with Strategy contributing to 75% of November's purchases post-sell-off.
Mining companies hold about 5% of new market additions and 12% of total public company balances.

Bitcoin Demand Trends

Despite market volatility, demand remains strong; nearly 50 firms gained at least 10% over the past 6-12 months.
Around 140 companies faced declines of 10% in a 1-3 month period, with 105 experiencing similar year-to-date losses.
At least five companies sold Bitcoin in November, with Sequans reducing holdings by one-third.

The fourth quarter of 2025 is projected to end with 40,000 BTC added to public company balance sheets, aligning closely with Q3 2024 figures. Demand has eased since the summer buying frenzy, as corporations adopt a cautious approach.

Currently, [Bitcoin](https://holder.io/coins/btc/) trades at $89,920, down over 2% in 24 hours and 27% below its all-time high of $126,000 set in October.