TLDR Retail investors lost $17 billion through Bitcoin Treasury stock exposure. Companies raised $86 billion in 2025 to buy Bitcoin, surpassing US IPOs. One-fifth of Bitcoin-linked firms now trade below their net asset value. Strategy’s stock dropped 20%, while Metaplanet lost over 60% in value. Retail investors are now facing heavy losses after chasing Bitcoin [.] The post Bitcoin treasury firms cost retail buyers over $17 billion in 2025 appeared first on CoinCentral.