The global market value of the top 50 bitcoin banks fell to $67 billion

According to an analysis in the Financial Times, the total market value of the world ' s top 50 Bitcoin Treasury listings (with Bitcoin as its core strategy, excluding mining and exchanges) dropped sharply from about $150 billion at its peak in July 2025 to about $67 billion today, with the last year ' s water shrunk to $80 billion. Of this amount, Strategy (NASDAQ:MSTR) contracted its market value by about $79 billion, representing the main part of the overall decline. Of these 50 companies, 43 had their current stock prices dropped at the level of their initial announcement of the Bitcoin Treasury strategy, and most of the companies' stocks were in a bitcoin net warehouse discount (mNAV)