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Top Collapse Update: How a 2600% Crypto Rally Turned Into an 86% Meltdown

Digital asset treasury stocks reversed sharply as inflated valuations collapsed, with major firms suffering deep losses while Bitcoin remained relatively stable compared with the broader decline.
The digital asset treasury trend that drove explosive stock gains early in 2025 has reversed sharply as companies using corporate cash to buy crypto have seen valuations collapse. SharpLink Gaming, once up over 2,600% after announcing large Ethereum purchases, has now fallen 86%, trading below the value of its token holdings.
