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Bitcoin treasury stocks are getting crushed. More than $80B has been wiped from the market value of the top 50 Bitcoin treasury companies since mid-2025. The interesting question: If these companies stop being rewarded for buying BTC, does that remove an important source of future demand? This could matter for BTC more than most traders realize. #BTC #Bitcoin#WalshInflationRisk #BTCGoldCorrelation #SchwabExpandsCrypto