The bank said the bitcoin treasury sector’s slump reset valuations, but opened the door for new digital credit financing models that could revive growth.
Slumping Strategy and Strive started with buy ratings at B. Riley
The bank said the bitcoin treasury sector’s slump reset valuations, but opened the door for new digital credit financing models that could revive growth.
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The Nov. 25 buys included $7.6 million in Circle and $1.5 million in Bullish, with both stocks down on the day as BTC trades around $87,500.
Bitcoin has retraced to pre-Powell levels, maintaining bearish technical setup.
Buoyant sentiment and calm volatility are fueling leveraged bets as BTC consolidates above $100,000 — setting up what traders say could be a clean move to new highs.
Brazil and Argentina are leading the growth, with Brazil dominating by transaction size and Argentina seeing increasing adoption driven by cross-border payments and stablecoin use.