East Asian crypto companies take a battering as Bitcoin price drops below $90,000

Just as Bitcoin plummeted 12% over the last week, shares in East Asian companies with ties to crypto are also feeling the heat. Recent months have seen a slew of listed Japanese companies follow Metaplanet’s lead into the Bitcoin treasury business. Now, bearish crypto forces are dragging their share prices down by roughly 10% over the last five days. Japanese treasury firms bruised So far, the carnage has been cast wide and includes Bitcoin Japan, formerly Marusho Hotta. The firm, a 164-year-old kimon ...