The shares of Bitcoin (BTC) treasury companies have now fallen by a staggering 75% from their peak in late June. Firms like Strategy (MSTR), Metaplanet (MTPLF), and The Blockchain Group (ALPCB) are seeing a notable downtrend, according to André Dragosch, European Head of Research at Bitwise.
In his statement on X, André noted that the average drawdown of Bitcoin Treasury Companies is ‘WILD.’ “They’re down more than 75% since their peak in late June,” he said, questioning, “Was this the top after all, or is this rather a big buying opportunity?”
The shares of Metaplanet (MTPLF) have now collapsed by roughly 62% from their all-time high of 1,930 Japanese yen (JPY), marked in June. Its last closing was on 744 JYP, according to data by Yahoo Finance. The firm is ranked as the sixth-largest Bitcoin treasury company.
Strategy, the trendsetter Bitcoin treasury company, has also experienced a sharp stock decline of 28% from its yearly peak of $458, which closed at $330.26 in the last trading session on September 3, 2025.
Analysts Being Skeptical on Bitcoin Price
Similar to Bitcoin treasury stocks, analysts are also skeptical about Bitcoin price. In a recent media interaction, Bloomberg’s analyst Mike McGlone indicated that Bitcoin could lose a zero and fall to $10,000 if external risks persist.
According to McGlone, BTC price has been in a general rise since its launch, with it hitting its highest value in 2025. Despite the sharp rise, he highlighted Bitcoin’s increasing correlation with traditional risk assets like the S&P 500, which recently hit a record high, and stressed that BTC is behaving more like a peak bubble.
As stock markets go through several external factors like U.S. tariff policies under the U.S. President Donald Trump and rising volatility, the future of several digital assets, including Bitcoin, remains uncertain.
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