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Crypto-Treasury Dream Unravels After a 90% Stock Plunge

Crypto-Treasury Dream Unravels After a 90% Stock Plunge
Bloomberg Technology Tuesday 23 June 2026, 20:22 UTC 1 min read
Key Points

Jun 23rd, 2026 Crypto-Treasury Dream Unravels After a 90% Stock Plunge Bloomberg's Maria Clara Cobo joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." 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.

Jun 23rd, 2026 Crypto-Treasury Dream Unravels After a 90% Stock Plunge Bloomberg's Maria Clara Cobo joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." 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.
Dream Unravels (PERSON) Bloomberg (ORG) Maria Clara Cobo (PERSON) Scarlet Fu (PERSON) Tim Stenovec (PERSON)
Originally published by Bloomberg Technology Read original →

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