Crypto-Reserve Companies' Stocks Struggle as Shareholder Losses Hit $50 Billion

Crypto-reserve listed companies continue to face weak stock performance, with cumulative shareholder losses reaching nearly $50 billion, according to a Bloomberg report. The fully diluted market capitalization of publicly traded firms investing in BTC and ETH has dropped by about 40% from peak levels, currently standing at approximately $90 billion. SkyAI, a Solana-focused financial firm, saw its stock plummet by around 90% after completing fundraising for business transformation in August 2025. MetaPlanet, which holds BTC as a primary asset, has seen its share price fall 84% from its June 2025 high. In response to investor criticism over management incentives and stock dilution, the company canceled some warrant agreements and redesigned its compensation plan. Media reports indicate that as share prices decline, both individual and institutional investors are increasing scrutiny on corporate executive compensation, stock incentives, and related-party transactions.