★Bitcoin treasury company sells $20M BTC at a loss as its stock collapses after buying at $118k

"This event highlights the precariousness of corporate Bitcoin treasuries and their potential to introduce forced selling pressure into the market. It underscores how public equity vehicles, initially seen as demand drivers, can amplify market volatility and capital outflows when underlying business models falter. This dynamic warrants close monitoring for its impact on broader crypto market structure and institutional confidence in BTC as a corporate asset."