00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Bitcoin, Ether, and other digital tokens are in a slump,
00:06and shares of companies that followed strategy in stockpiling crypto
00:10are sliding as well, according to The Wall Street Journal.
00:13The sell-off has investors watching for signs that large firms may be forced to unload holdings,
00:19which could push digital coin prices lower.
00:22Investors have rotated out of riskier assets since late last year,
00:26limiting these firms' ability to raise new capital and raising concerns that falling prices could force token sales.
00:33Bitcoin fell below $76,000 over the weekend,
00:37roughly matching strategy's average purchase price and leaving the company with paper losses.
00:42Strategy shares are down 61% since Bitcoin's October peak.
00:46For all things money, visit Benzinga.com.
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