Is crypto winter coming? It's already more than set in for bitcoin treasury companies (BTCTC). Aiming to replicate the once-in-a-generation success of Michael Saylor's MicroStrategy (MSTR) and perhaps taking advantage of a U.S. regulatory regime that is willing to look the other way at questionable public offerings, a wave of crypto asset treasury companies have gone public in 2025. The result has been massive investor losses nearly across the board. And while the plunge in the price of bitcoin (BTC) ove ...