‼️ Corporate bitcoin portfolios hide not only profits but also a huge debt pit

🟠 A study by CoinTab unexpectedly lifted the veil: 73% of companies with bitcoin reserves are in debt, and 39% already owe more than their BTC is worth at current prices. And this sounds far less romantic than a "corporate bitcoin bull run."

➡️ About 10% of companies took loans to buy bitcoin directly. The market went down — and the debt instantly grew. Quite the "leverage move," to be honest.

Investors buying "bitcoin stocks" hoped to get something like a secured BTC exposure. But reality turned out to be harsher: the balances of some of these companies are not a fortress at all, but a house of cards propped up by loans.

💡 The conclusion is as simple as a block in the blockchain:

If you want to dive into bitcoin stocks — don't just look at the amount of BTC on the balance sheet, but also at the financial health of the company. Sometimes behind the beautiful term "bitcoin treasury" lies a quite corporate "debt apocalypse."