Investment banks come out on top in bitcoin treasury bubble

Wall Street has found its favorite Bitcoin trade, and it isn’t buying Bitcoin. The BTC treasury boom is turning bust, with the most popular bitcoin treasury companies are down 50% over the last six months, but one group in particular has profited despite the drooping sentiment. A few months removed from the euphoria of the bitcoin treasury peak, it’s becoming clear that the banks were one of the few winners in the whole saga. Case in point: bankers have likely minted anywhere from $280-560 million from ...