Crypto Treasuries Crash as AI Hype Fails | Business and Finance News

Crypto treasury firms are crashing and pivoting to AI — but it’s not working out. Once Bitcoin-heavy companies like K Wave Media, Lixte Biotech, and AlphaTON Capital are now down 30-70% after rebranding into data center or AI infrastructure plays. While AI is booming and attracting billions, crypto’s golden era is over — Bitcoin’s down 50% since its peak. Lawyers who once helped set up crypto treasuries are now fielding calls from firms desperate to jump into AI. Some miners are finding success repurposing hardware, but experts say the crypto treasury model itself is probably dead. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/07f4d602786ebb44