Join Our Telegram channel to stay up to date on breaking news coverageAs competition to build crypto treasury firms accelerates, shares of market leaders like Strategy, Metaplanet, and BitMine are taking a beating. Those falls came exactly as firms around the world found crypto treasury religion. Treasury companies have launched holdings in at least ten other digital assets, including SOL, XRP, BNB, and HYPE. Galaxy Research said that if equity premiums collapse or capital dries up, larger, better-capitalized treasury firms may potentially acquire smaller firms at NAV discounts. Capital Keeps Flowing, Despite RisksStill, investor appetite for crypto treasury firms remains strong.