101 companies “pivoted to a Bitcoin treasury” since 2024. 85 of them (84%) were already reverse-splitting or facing delisting.
via Independent-Act-6432 Ever since MicroStrategy, “we’re putting Bitcoin on the balance sheet” has been the hot pivot. I pulled every company that announced a bitcoin or digital-asset treasury in an SEC 8-K since 2024. There are 101 of them. Then I looked at what else they’d been filing. 85 of the 101 (84%) were already …