As the value of Bitcoin drops, companies relying on it are seeing their stock prices plummet. This decline in value has hit many businesses hard, leading to significant losses in their treasuries. The sudden drop in Bitcoin's value has caused a ripple effect in the market and has raised concerns among investors. This situation underscores the volatility of cryptocurrencies and the risks associated with investing in them. The affected companies are now facing the challenge of recovering from these losses and finding ways to stabilize their financial positions.