The analysis examined companies maintaining detailed cost basis records for their Bitcoin holdings. Market prices fell below purchase levels for roughly 65% of these firms, creating substantial paper losses across corporate balance sheets.
Bitcoin retreated below the $90,000 threshold Thursday despite the Federal Reserve announcing a rate cut. About 140 companies recorded declines of at least 10% over one to three months, while approximately 105 firms experienced similar drops year-to-date.
Strategy — formerly MicroStrategy — and Strive continued accumulating Bitcoin through November despite market weakness. Strategy alone accounted for roughly 75% of monthly corporate purchases following earlier sell-offs by other firms.Why It Matters: Selective Buying Returns.
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Louis Bellet, Co-Founder and CEO of Yellow, is a software architect and serial entrepreneur specializing in the fintech, crypto, and blockchain sectors. With over a decade of hands-on experience in the crypto industry, Louis has established himself as a pioneering figure in the space. He previously founded Openware, the world's leading crypto exchange software provider, where he developed robust solutions for digital asset trading and management. At Yellow, Louis aims to tackle the issue of fragmented liquidity in the blockchain ecosystem, striving to make blockchain technology more accessible, secure, and efficient for everyone.
In addition to his work at Openware, Louis has been actively involved in the evolution of blockchain technology and has contributed to multiple projects focused on decentralized finance and crypto asset management. His expertise spans various aspects of blockchain technology, including protocol development, exchange architecture, and liquidity management.
