The extended crypto downturn has left a deep mark on digital asset treasury companies, exposing the fragility of a business model built around holding volatile crypto assets on corporate balance sheets. Key Takeaways: Digital asset treasury companies are under heavy pressure as the month-long crypto downturn erases billions in balance sheet value. XRP-focused Evernorth has recorded $78 million in unrealized losses, while BitMine faces$2.1 billion in paper losses on its Ether holdings. Analysts warn ...