2026-01-05 13:19:17

Talk about a bad timing. This legacy software company reinvented itself as a Bitcoin play, betting everything on leveraged holdings. Now the massive losses are piling up just when the whole thing started falling apart. Turns out the treasury model that the co-founder championed five years ago—the one that drew crowds initially—is losing its shine. Investors are starting to walk away from the concept. Once trendy, now questionable.

BTC-4,98%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

8 Likes

Reward
8
5
Repost
Share

Comment

0/400

ApeWithNoChain

· 01-07 21:46

Haha, another story of going all-in on Bitcoin crashing. The timing was truly perfect; the entire story was over the moment the leverage liquidated. Who still believes in that overly hyped treasury model from five years ago? We should have seen through these long ago.

View OriginalReply0

DataOnlooker

· 01-05 13:37

Haha, as expected, it failed. The original treasury model was just a facade.

View OriginalReply0

DeFiAlchemist

· 01-05 13:32

*adjusts alchemical instruments* the transmutation failed spectacularly... those leverage ratios never stood a chance against market entropy

Reply0

DegenWhisperer

· 01-05 13:31

NGL, this move is really amazing. Going all-in on Bitcoin and then turning around to lose big? An established software company playing with leverage and still trying to defy the odds—laugh out loud.

View OriginalReply0

ResearchChadButBroke