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The Crypto-Treasury Dream Unravels After a 90% Stock Plunge

The Crypto-Treasury Dream Unravels After a 90% Stock Plunge
Bloomberg Markets Thursday 18 June 2026, 13:30 UTC By Ryan Weeks 1 min read
Key Points

Cryptocurrencies The Crypto-Treasury Dream Unravels After a 90% Stock Plunge The business model of launching a public company to buy crypto is falling apart. As a result, those in the queue to do so through blank-check companies are facing pressure from investors against a market backdrop that is fiercely unfriendly. Take ReserveOne Inc., a cryptocurrency asset manager that had prominent associates, including private equity magnate and former US Commerce Secretary Wilbur Ross.

Cryptocurrencies The Crypto-Treasury Dream Unravels After a 90% Stock Plunge The business model of launching a public company to buy crypto is falling apart. As a result, those in the queue to do so through blank-check companies are facing pressure from investors against a market backdrop that is fiercely unfriendly. Take ReserveOne Inc., a cryptocurrency asset manager that had prominent associates, including private equity magnate and former US Commerce Secretary Wilbur Ross.
Dream Unravels (PERSON) ReserveOne Inc. (ORG) US (LOCATION) Commerce (ORG) Wilbur Ross (PERSON)
Originally published by Bloomberg Markets Read original →

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