[Bitcoin-Holding Companies' Stock Price Crash Causes Retail Investors to Lose Approximately $17 Billion] The latest report from 10X Research reveals that the stock price crash of Bitcoin-holding companies has led to retail investors losing approximately $17 billion. The report points out that these companies indirectly invest in Bitcoin by issuing shares at high premiums, but their stock prices have now significantly plummeted. Taking Strategy as an example, its stock price premium has dropped from the previous 3-4 times to 1.4 times. The research suggests that such companies should transition to an asset management model to move away from relying on inflated net asset values as an operational approach, in order to address market capitalization compression and profitability challenges.