<div id="readability-page-1">Digital asset treasuries were flying high this year until bitcoin's sudden October crash. Now many of those companies are sitting on unrealized losses. Over 180 public companies currently hold crypto on their balance sheets, with roughly 100 of that total having followed some version a the playbook that Strategy (MSTR) co-founder Michael Saylor pio...</div>

MSTR

<p>Digital asset treasuries faced significant losses after bitcoin's October crash. Over 180 public companies hold crypto on their balance sheets, with around 100 following Michael Saylor's strategy. The downturn may lead to a 'Darwinian phase' for these companies.</p>

Crypto winter could spur 'Darwinian phase' for digital asset treasury companies