The business model of launching a public company to buy crypto is falling apart. As a result, those in the queue to do so through blank-check companies are facing pressure from investors against a market backdrop that is fiercely unfriendly.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-06-18/the-crypto-treasury-dream-unravels-after-a-90-stock-plunge)