Altcoin-focused corporate treasuries suffer heavy losses in market downturn

Companies employing altcoin-based digital asset treasury (DAT) strategies have recorded significant unrealized losses following last week's market downturn, BeInCrypto reported. Among them, Forward Industries (FORD), which focuses on Solana (SOL), is facing an estimated $245 million in losses. ALT5 Sigma (ALT5), which concentrates on World Liberty Financial (WLFI), has seen losses of $300 million, while Bitmine (BMNR), an investor in Ethereum (ETH), is down approximately $2 billion. The outlet added that these firms face the risk of margin calls amid financial pressure and that skepticism toward the DAT model is growing within the market.