47 place 4

238 Bitcoin Is Falling and Crypto Stocks Are Crashing

The Information
Yueqi Yang @ The Information · 11/16/2025 11:00 EDT

Bitcoin Is Falling and Crypto Stocks Are Crashing

Bitcoin has tumbled into a bear market, but the real damage is in the companies that have hoarded crypto, hoping to mimic the gains of Michael Saylor’s bitcoin stock, Strategy.

Strategy is down 44% since bitcoin peaked in early October. More importantly, it is now trading slightly below the value of its bitcoin holdings. Bitcoin is down 24% from its peak and has sunk below $100,000, weighed down by a market sell-off in risky assets and long-term holders cashing out.

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