Digital Asset Treasuries Lead Crypto Stock Sell-Off as Bitcoin Falls to $84K

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Digital Asset Treasuries Lead Crypto Stock Sell-Off as Bitcoin Falls to $84K Strategy fell to the lowest since October, 2024, and ether and solana treasury plays including BitMine, Sharplink, Solana Company, Upexi tumbled nearly 10%. By Krisztian Sandor | Edited by Sheldon Reback Dec 1, 2025, 3:58 p.m. Crypto treasuries are bearing the brunt of the early Monday sell-off (CoinDesk) What to know : Crypto-related stocks fell Monday as BTC dropped to $84,000. Digital asset treasuries led declines, with NAKA, MTPLF, BMNR, SBET, DFDV, HSDT dropping over 10%. Bank of Japan interest-rate hike signals added to pressure on risk assets, analysts said. Crypto-related stocks started December lower as bitcoin BTC $ 84,077.78 tumbled toward $84,000 during U.S. morning hours. Shares of Coinbase (COIN), Gemini (GEMI) and Galaxy Digital (GLXY) declined nearly 6%. Crypto mining stocks were also hit, with MARA Holdings (MARA), Riot Platforms (RIOT) and Hive Digital (HIVE) falling 7%-9%. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . Bitcoin treasury play Strategy (MSTR) slid 11% to its lowest level since October 2024 after revealing a new $1.44 billion cash reserve and slashing its 2025 profit outlook. Other crypto treasury bets also slumped. American depositary receipts of Metaplanet (MTPLF), a Japan-listed corporate BTC holder, declined 10%, while KindlyMD (NAKA) fell 9.9% and American Bitcoin (ABTC) lost 6.7%. Ether-focused BitMine (BMNR) and SharpLink Gaming (SBET) slumped more than 10%, while Solana-centric companies DeFi Development (DFDV) and Solana Company (HSDT) also suffered double-digit losses. The Nasdaq, meanwhile, dropped almost 1% in the early minutes of the session, and the S&P 500 Index fell 0.3%. The sector-wide pullback came amid renewed interest-rate hike signals from the Bank of Japan, catching many traders flat-footed, said Paul Howard, senior director at trading firm Wincent. "The potential rate hike news from BoJ took many in the markets by surprise and led to a pulldown in risk assets generally overnight," Howard said in a Telegram message. "Cryptocurrency continues to be the risk-on asset class and a bellwether of macro-economic events 24/7." Read more: Bitcoin, Ether, XRP Slide as December Begins With 'Yearn Incident' Market Wrap Digital Asset Treasury Ethereum Treasury Bitcoin Treasury Reserve Asset More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You Strategy Still the Premier Bitcoin Proxy, Benchmark Says, Rejecting ‘Doom’ Narrative By Will Canny , AI Boost | Edited by Sheldon Reback 1 hour ago The broker said fears over Strategy’s solvency are misplaced and the stock remains the strongest asymmetric bet on bitcoin. What to know : Benchmark said Strategy’s share-price pullback has revived an unfounded doom narrative that ignores its bitcoin reserves and capital structure. The broker argued that MSTR’s perpetual preferred stock and low-cost convertibles give it unmatched bitcoin leverage with limited solvency risk. Analyst Mark Palmer reiterated his buy rating on the stock and $705 price target. 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