Bitcoin once again set a record, reaching a price of $124,457 on August 13, 2025. However, the stocks of corporate treasury companies are not up to their historical highs, putting their attractiveness for investors into question.
Spike in Bitcoin and Ether Prices
Bitcoin reached a new all-time high of $124,457, marking the sixth record this year. Key growth factors include massive inflows into Bitcoin ETFs and optimistic expectations regarding upcoming interest rate cuts in the U.S. However, after a sharp price increase, it fell back below $120,000.
Underperformance of Treasury Stocks
Despite Bitcoin's surge, the stocks of corporate treasury companies did not break new records. Investor skepticism about risk management and price risks reflects in their broad declines. Stocks like Strategy's dropped over 16% from their peaks, questioning their ability to provide stable returns.
Risk Management in Bitcoin Treasuries
Critics of corporate treasury companies point out a lack of robust risk management that could lead to the need to sell Bitcoin to cover obligations. However, experts argue that the likelihood of their total collapse is low if these companies manage their assets and debts effectively.
The Bitcoin market and its corporate treasuries continue to evolve, but the vulnerability of treasury stocks raises investor concerns. For survival, improved risk management and regaining investor trust are essential.
