Tom Lee Says Crypto Faced Same ‘Risk Off’ Forces Behind AI Sell-Off: BMNR, ASST Add To Crypto Treasuries As MSTR Skips B
· macro · Sentiment: neutral
Crypto markets experienced the same broad "risk-off" sentiment that triggered the recent AI stock sell-off, according to Fundstrat's Tom Lee. Meanwhile, BitMine Immersion Technologies (BMNR) and Asset Entities (ASST) announced additions to their corporate Bitcoin treasuries, expanding the list of public companies accumulating BTC. MicroStrategy (MSTR) notably skipped its usual weekly Bitcoin purchase during this period. The consensus highlights continued institutional adoption of Bitcoin as a treasury asset even amid short-term volatility driven by macro risk aversion. This reinforces Bitcoin's growing role as a strategic corporate reserve amid market turbulence.