The cost of shares of large companies that massively invest in bitcoins collapsed, despite the restoration of the first cryptocurrency quotations, experts surveyed by Reuters said.

The campaign of the American company Strategy, the largest public holder of bitcoins (is traded on the stock market under the MSTR Tiker), fell from July $ 457 to $ 328 – at least over the past five months. The papers of the Japanese company Metaplanet (Tiker 3350) collapsed by more than 60% of the June peak.

According to Reuters experts, the fall of shares of such companies was predictable. These papers are very dependent on the volatility of the first cryptocurrency and respond to a decrease in the BTC course in a multiple size. Additional pressure is exerted by retail investors who sell the papers of such companies with a sharp drop in bitcoin quotes.

“Everything, in fact, depends on volatility, since it is associated with the use of borrowed funds. If bitcoin falls by 3%, shares fall several times more, sometimes four or five times. For retail investors, this is in most cases shock, and when some sell their shares due to fear, this is probably exacerbating the fall, ”said Kaiko analyst Adam McCarthy (Adam McCarthy).

So far, retail users do not understand that companies are not so much buying cryptocurrency as they sell crypto-commercial for the sake of increasing the cost of their capital, this situation will be repeated again and again, the expert is sure.

Earlier, Santiment analysts said that pessimistic moods began to prevail in the Bitcoin market for investors and traders.