Digital Asset Treasuries Accelerate Market Decline, Says Professor

Summary

Columbia Business School adjunct professor Omid Malekan argues that crypto treasury firms are exacerbating Bitcoin’s price decline by offloading assets and leveraging debt, turning what could be innovation into a mass extraction event. He points out the high costs of launching public treasury entities and the risk of forced sales during downturns, noting that hundreds of firms now hold over $120 billion in Bitcoin and Ether. The post frames these treasuries as a significant market‑pressure factor rather than a sustainable value‑creation model.