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Corporate Bitcoin portfolios are hiding a massive liability crisis that triggered an average 27% crash last month

https://cryptoslate.com/bitcoin-corporate-debt-outweighs-btc/
Corporate Bitcoin holdings have been treated as a straightforward signal for years: a company buys BTC, investors read it as conviction, and the stock trades with a built-in Bitcoin premium. While this might sound like a very clear and simple trade, the balance sheets behind it are anything but…

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