Nasdaq-Listed AIXC Abandons Crypto Treasury, Liquidates Holdings After 50% Unrealized Loss

BitcoinWorld Nasdaq-Listed AIXC Abandons Crypto Treasury, Liquidates Holdings After 50% Unrealized Loss Nasdaq-listed AIXC (AIXC) has decided to completely withdraw from its digital asset treasury strategy, planning to gradually liquidate its cryptocurrency holdings to refocus on its core robot leasing and operations business, according to a report from CryptoSlate.

As of the end of the second quarter, the company held 46 BTC, 616 ETH, 6,659 SOL, and 1,308 BNB, along with smaller amounts of ADA, LINK, TRX, USDT, and XRP. The company was sitting on an unrealized loss of approximately 50% on these holdings.

Background: A Shift in Corporate Crypto Adoption AIXC’s move marks a notable reversal in the corporate trend of adding cryptocurrencies to treasury reserves, a strategy that gained popularity during the 2020-2021 bull market.

While some companies, like MicroStrategy and Tesla, have maintained or even expanded their crypto exposure, others have retreated amid market volatility and regulatory uncertainty.