{"id":21895,"date":"2025-09-21T08:00:39","date_gmt":"2025-09-21T08:00:39","guid":{"rendered":"https:\/\/www.criptofacil.com\/es\/?p=21895"},"modified":"2025-09-19T17:53:18","modified_gmt":"2025-09-19T17:53:18","slug":"perdida-de-fuerza-25-de-las-bitcoin-treasury-companies-valen-menos-que-sus-reservas","status":"publish","type":"post","link":"https:\/\/www.criptofacil.com\/es\/perdida-de-fuerza-25-de-las-bitcoin-treasury-companies-valen-menos-que-sus-reservas\/","title":{"rendered":"P\u00e9rdida de fuerza: 25 % de las Bitcoin Treasury Companies valen menos que sus reservas"},"content":{"rendered":"<p>El <strong>auge de las Bitcoin Treasury Companies<\/strong> (Empresas de Tesorer\u00eda de Bitcoin, o \u00abBTCos\u00bb) parece estar perdiendo fuerza, seg\u00fan un informe de K33 Research publicado el lunes 15. Vetle Lunde, jefe de investigaci\u00f3n de K33, afirma que el <strong>25 % de estas empresas tienen un valor de mercado inferior al total de sus activos en Bitcoin.<\/strong><\/p>\n<p>Para realizar su <a href=\"https:\/\/k33.com\/research\/articles\/strength-into-the-fomc\">an\u00e1lisis<\/a>, Lunde utiliz\u00f3 el indicador mNAV, que <strong>divide el valor de mercado de una BTCo por el valor de los Bitcoins que posee<\/strong>. Cuando la emisi\u00f3n de nuevas acciones ocurre con un <strong>mNAV inferior a 1<\/strong>, significa que su valor de mercado es menor que el valor neto de sus activos en Bitcoin.<\/p>\n<p>Este tipo de emisi\u00f3n es dilutiva, es decir, la empresa termina destruyendo valor para los accionistas. Una de cada cuatro Bitcoin Treasury Companies emite acciones en estas condiciones. Como resultado, esta pr\u00e1ctica<strong> limita la capacidad de algunas empresas para recaudar m\u00e1s capital<\/strong> y continuar adquiriendo Bitcoin.<\/p>\n<blockquote><p>\u201cCuando las empresas se negocian por debajo del valor contable neto (NAV), la emisi\u00f3n de acciones se vuelve dilutiva porque entrega m\u00e1s propiedad (a trav\u00e9s de acciones infravaloradas) de lo que recibe a cambio (BTC)\u201d, explic\u00f3 Lunde.<\/p><\/blockquote>\n<p><img decoding=\"async\" class=\"size-full wp-image-331421 aligncenter\" src=\"https:\/\/www.criptofacil.com\/wp-content\/uploads\/2025\/09\/Screenshot-2025-09-17-at-09.37.55.png\" alt=\"mNAV\" width=\"935\" height=\"439\" \/><\/p>\n<ul>\n<li>Lee tambi\u00e9n: <a style=\"font-size: 16px\" href=\"https:\/\/www.criptofacil.com\/es\/mercado-espera-recorte-de-tasas-del-fed-bitcoin-y-bitcoin-hyper-listos-para-despegar\/\">Mercado espera recorte de tasas del Fed \u2014 Bitcoin y Bitcoin Hyper listos para despegar<\/a><\/li>\n<\/ul>\n<h2>Colapso de las Bitcoin Treasury Companies<\/h2>\n<p>En t\u00e9rminos de valor de las acciones, el mayor colapso entre las <a href=\"https:\/\/bitcointreasuries.net\">Bitcoin Treasury Companies<\/a> provino de <strong>NAKA<\/strong>, el veh\u00edculo de fusi\u00f3n entre KindlyMD y Nakamoto Holdings. La empresa <strong>perdi\u00f3 un 96 % de su valor de mercado<\/strong> desde su m\u00e1ximo y vio su m\u00faltiplo de mNAV caer de 75 a apenas 0,7.<\/p>\n<p>En mayo de 2025, <strong>las acciones de NAKA val\u00edan US$ 25<\/strong>, pero han ca\u00eddo de manera constante en los \u00faltimos meses. En la sesi\u00f3n del martes 16, <strong>cerraron el d\u00eda a solo US$ 1,50<\/strong>.<\/p>\n<p>Twenty One, Semler Scientific y The Smarter Web Company, respaldadas en Tether, tambi\u00e9n se encuentran entre las que actualmente tienen un <strong>mNAV inferior a 1<\/strong>, seg\u00fan datos de Bitcoin Treasuries.<\/p>\n<p>En general, el m\u00faltiplo promedio de mNAV entre las empresas de tesorer\u00eda de Bitcoin cotizadas se mantiene en <strong>2,8<\/strong>, por debajo de los 3,76 de abril, pero la distribuci\u00f3n est\u00e1 distorsionada. Las empresas m\u00e1s peque\u00f1as se encuentran cada vez m\u00e1s por debajo de la media, mientras que las m\u00e1s grandes todav\u00eda tienen primas significativas, observ\u00f3 Lunde. El mNAV de Strategy, por ejemplo, se sit\u00faa en 1,5.<\/p>\n<p><img decoding=\"async\" class=\"size-full wp-image-331422\" src=\"https:\/\/www.criptofacil.com\/wp-content\/uploads\/2025\/09\/NAKA_2025-09-17_09-39-10.png\" alt=\"NAKA\" width=\"2108\" height=\"1568\" \/><\/p>\n<h2>Disminuyen las adquisiciones corporativas de Bitcoin<\/h2>\n<p>En cuanto a <strong>Strategy (MSTR)<\/strong>, un actor clave del sector y pionera en la tesorer\u00eda de Bitcoin, la empresa vio su prima caer a 1,26, el nivel m\u00e1s bajo desde marzo de 2024.<\/p>\n<p>Esto reduce la capacidad de Strategy para acceder a los mercados de acciones y realizar nuevas compras de BTC, reflejado en sus adquisiciones semanales m\u00e1s bajas. El lunes 15, por ejemplo, la compa\u00f1\u00eda<strong> compr\u00f3 \u00fanicamente 525 BTC<\/strong>, pagando un total de US$ 60,4 millones.<\/p>\n<blockquote><p>\u201cEsto reduce sustancialmente la capacidad de Strategy de adquirir BTC y apunta a una demanda de compra significativamente menor por parte de uno de los mayores absorbentes de oferta del \u00faltimo a\u00f1o\u201d, se\u00f1al\u00f3 Lunde.<\/p><\/blockquote>\n<p>La desaceleraci\u00f3n ya es visible en los flujos generales. <strong>Las Bitcoin Treasury Companies han comprado un promedio de 1.428 BTC por d\u00eda en septiembre hasta ahora, el ritmo m\u00e1s bajo desde mayo.<\/strong><\/p>\n<p>El panorama general indica que, con las participaciones de las BTCos superando 1 mill\u00f3n de BTC, el mercado podr\u00eda estar regresando a impulsos de demanda m\u00e1s org\u00e1nicos. En otras palabras, l<strong>os ETFs y los inversores minoristas podr\u00edan convertirse en los nuevos acumuladores del mercado<\/strong>, afirm\u00f3 Lunde.<\/p>\n<ul>\n<li>Lee tambi\u00e9n: <a style=\"font-size: 16px\" href=\"https:\/\/www.criptofacil.com\/es\/xrp-podria-subir-un-15-y-llegar-a-355-dolares-si-rompe-esta-resistencia\/\">XRP podr\u00eda subir un 15% y llegar a 3,55 d\u00f3lares si rompe esta resistencia<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>El auge de las Bitcoin Treasury Companies (Empresas de Tesorer\u00eda de Bitcoin, o \u00abBTCos\u00bb) parece estar perdiendo fuerza, seg\u00fan un informe de K33 Research publicado el lunes 15. Vetle Lunde, jefe de investigaci\u00f3n de K33, afirma que el 25 % de estas empresas tienen un valor de mercado inferior al total de sus activos en [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":21896,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1760],"tags":[1781,1782,1779,1771,1767,1816],"class_list":["post-21895","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mercado","tag-bitcoin","tag-btc","tag-criptoactivos","tag-criptomonedas","tag-mercado","tag-super-titular"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>P\u00e9rdida de fuerza: 25 % de las Bitcoin Treasury Companies valen menos que sus reservas<\/title>\n<meta name=\"description\" content=\"Las Bitcoin Treasury Companies est\u00e1n acumulando Bitcoin a un ritmo menor, lo que perjudica su generaci\u00f3n de valor para los accionistas\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.criptofacil.com\/es\/perdida-de-fuerza-25-de-las-bitcoin-treasury-companies-valen-menos-que-sus-reservas\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"P\u00e9rdida de fuerza: 25 % de las Bitcoin Treasury Companies valen menos que sus reservas\" \/>\n<meta property=\"og:description\" content=\"Las Bitcoin Treasury Companies est\u00e1n acumulando Bitcoin a un ritmo menor, lo que perjudica su generaci\u00f3n de valor para los accionistas\" \/>\n<meta property=\"og:site_name\" content=\"CriptoF\u00e1cil Espa\u00f1ol\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/criptomoedasfacil\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-21T08:00:39+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.criptofacil.com\/es\/wp-content\/uploads\/sites\/2\/2025\/09\/bitcoin-100-mil-dolares-tesouro-eua-1536x878-1-1470x840.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1470\" \/>\n\t<meta property=\"og:image:height\" content=\"840\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Luciano Rocha\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/lucianorocha89\" \/>\n<meta name=\"twitter:site\" content=\"@criptofacil\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Luciano Rocha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutos\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.criptofacil.com\/es\/perdida-de-fuerza-25-de-las-bitcoin-treasury-companies-valen-menos-que-sus-reservas\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.criptofacil.com\/es\/perdida-de-fuerza-25-de-las-bitcoin-treasury-companies-valen-menos-que-sus-reservas\/\"},\"author\":{\"name\":\"Luciano Rocha\",\"@id\":\"https:\/\/www.criptofacil.com\/es\/#\/schema\/person\/14d751fbd645e7a6fac0cf7514229133\"},\"headline\":\"P\u00e9rdida de fuerza: 25 % de las Bitcoin Treasury Companies valen menos que sus reservas\",\"datePublished\":\"2025-09-21T08:00:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.criptofacil.com\/es\/perdida-de-fuerza-25-de-las-bitcoin-treasury-companies-valen-menos-que-sus-reservas\/\"},\"wordCount\":649,\"publisher\":{\"@id\":\"https:\/\/www.criptofacil.com\/es\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.criptofacil.com\/es\/perdida-de-fuerza-25-de-las-bitcoin-treasury-companies-valen-menos-que-sus-reservas\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.criptofacil.com\/es\/wp-content\/uploads\/sites\/2\/2025\/09\/bitcoin-100-mil-dolares-tesouro-eua-1536x878-1.png\",\"keywords\":[\"Bitcoin\",\"BTC\",\"Criptoactivos\",\"Criptomonedas\",\"Mercado\",\"Super Titular\"],\"articleSection\":[\"Mercado\"],\"inLanguage\":\"es\",\"copyrightYear\":\"2025\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.criptofacil.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.criptofacil.com\/es\/perdida-de-fuerza-25-de-las-bitcoin-treasury-companies-valen-menos-que-sus-reservas\/\",\"url\":\"https:\/\/www.criptofacil.com\/es\/perdida-de-fuerza-25-de-las-bitcoin-treasury-companies-valen-menos-que-sus-reservas\/\",\"name\":\"P\u00e9rdida de fuerza: 25 % de las Bitcoin Treasury Companies valen menos que sus reservas\",\"isPartOf\":{\"@id\":\"https:\/\/www.criptofacil.com\/es\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.criptofacil.com\/es\/perdida-de-fuerza-25-de-las-bitcoin-treasury-companies-valen-menos-que-sus-reservas\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.criptofacil.com\/es\/perdida-de-fuerza-25-de-las-bitcoin-treasury-companies-valen-menos-que-sus-reservas\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.criptofacil.com\/es\/wp-content\/uploads\/sites\/2\/2025\/09\/bitcoin-100-mil-dolares-tesouro-eua-1536x878-1.png\",\"datePublished\":\"2025-09-21T08:00:39+00:00\",\"description\":\"Las Bitcoin Treasury Companies est\u00e1n acumulando Bitcoin a un ritmo menor, lo que perjudica su generaci\u00f3n de valor para los accionistas\",\"breadcrumb\":{\"@id\":\"https:\/\/www.criptofacil.com\/es\/perdida-de-fuerza-25-de-las-bitcoin-treasury-companies-valen-menos-que-sus-reservas\/#breadcrumb\"},\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.criptofacil.com\/es\/perdida-de-fuerza-25-de-las-bitcoin-treasury-companies-valen-menos-que-sus-reservas\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"es\",\"@id\":\"https:\/\/www.criptofacil.com\/es\/perdida-de-fuerza-25-de-las-bitcoin-treasury-companies-valen-menos-que-sus-reservas\/#primaryimage\",\"url\":\"https:\/\/www.criptofacil.com\/es\/wp-content\/uploads\/sites\/2\/2025\/09\/bitcoin-100-mil-dolares-tesouro-eua-1536x878-1.png\",\"contentUrl\":\"https:\/\/www.criptofacil.com\/es\/wp-content\/uploads\/sites\/2\/2025\/09\/bitcoin-100-mil-dolares-tesouro-eua-1536x878-1.png\",\"width\":1536,\"height\":878,\"caption\":\"P\u00e9rdida de fuerza: 25 % de las Bitcoin Treasury Companies valen menos que sus reservas\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.criptofacil.com\/es\/perdida-de-fuerza-25-de-las-bitcoin-treasury-companies-valen-menos-que-sus-reservas\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"In\u00edcio\",\"item\":\"https:\/\/www.criptofacil.com\/es\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"P\u00e9rdida de fuerza: 25 % de las Bitcoin Treasury Companies valen menos que sus reservas\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.criptofacil.com\/es\/#website\",\"url\":\"https:\/\/www.criptofacil.com\/es\/\",\"name\":\"CriptoF\u00e1cil Espa\u00f1ol\",\"description\":\"Noticias sobre Bitcoin, Criptomonedas, DeFi, NFT, Web3 y Blockchain\",\"publisher\":{\"@id\":\"https:\/\/www.criptofacil.com\/es\/#organization\"},\"alternateName\":\"CriptoF\u00e1cil\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.criptofacil.com\/es\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"es\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.criptofacil.com\/es\/#organization\",\"name\":\"CriptoF\u00e1cil\",\"url\":\"https:\/\/www.criptofacil.com\/es\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"es\",\"@id\":\"https:\/\/www.criptofacil.com\/es\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.criptofacil.com\/es\/wp-content\/uploads\/sites\/2\/2025\/07\/logo-criptofacil.png\",\"contentUrl\":\"https:\/\/www.criptofacil.com\/es\/wp-content\/uploads\/sites\/2\/2025\/07\/logo-criptofacil.png\",\"width\":424,\"height\":104,\"caption\":\"CriptoF\u00e1cil\"},\"image\":{\"@id\":\"https:\/\/www.criptofacil.com\/es\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/criptomoedasfacil\",\"https:\/\/x.com\/criptofacil\",\"https:\/\/youtube.com\/channel\/UCak-HWmXEqeC3KOjTN9Fr-Q?si=lWaoQK8jh5CRg1qt\",\"https:\/\/www.instagram.com\/criptofacil\/\",\"https:\/\/www.linkedin.com\/company\/criptofacil\/\",\"https:\/\/t.me\/criptomoedasfacil\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.criptofacil.com\/es\/#\/schema\/person\/14d751fbd645e7a6fac0cf7514229133\",\"name\":\"Luciano Rocha\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"es\",\"@id\":\"https:\/\/www.criptofacil.com\/es\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f5f0711dcdbc2bcd46ed1c7f3f64588d450ca5913f029dd694d3a404ef8b6230?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f5f0711dcdbc2bcd46ed1c7f3f64588d450ca5913f029dd694d3a404ef8b6230?s=96&d=mm&r=g\",\"caption\":\"Luciano Rocha\"},\"description\":\"Luciano Rocha \u00e9 redator, escritor e editor-chefe de newsletter com 7 anos de experi\u00eancia no setor de criptomoedas. Tem forma\u00e7\u00e3o em produ\u00e7\u00e3o de conte\u00fado pela Rock Content. Desde 2017, Luciano j\u00e1 escreveu mais de 5.000 artigos, tutoriais e newsletter publica\u00e7\u00f5es como o CriptoF\u00e1cil e o Money Crunch.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/luciano-rocha\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/lucianorocha89\"],\"url\":\"https:\/\/www.criptofacil.com\/es\/author\/luciano-rocha\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"P\u00e9rdida de fuerza: 25 % de las Bitcoin Treasury Companies valen menos que sus reservas","description":"Las Bitcoin Treasury Companies est\u00e1n acumulando Bitcoin a un ritmo menor, lo que perjudica su generaci\u00f3n de valor para los accionistas","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.criptofacil.com\/es\/perdida-de-fuerza-25-de-las-bitcoin-treasury-companies-valen-menos-que-sus-reservas\/","og_locale":"es_ES","og_type":"article","og_title":"P\u00e9rdida de fuerza: 25 % de las Bitcoin Treasury Companies valen menos que sus reservas","og_description":"Las Bitcoin Treasury Companies est\u00e1n acumulando Bitcoin a un ritmo menor, lo que perjudica su generaci\u00f3n de valor para los accionistas","og_site_name":"CriptoF\u00e1cil Espa\u00f1ol","article_publisher":"https:\/\/www.facebook.com\/criptomoedasfacil","article_published_time":"2025-09-21T08:00:39+00:00","og_image":[{"width":1470,"height":840,"url":"https:\/\/www.criptofacil.com\/es\/wp-content\/uploads\/sites\/2\/2025\/09\/bitcoin-100-mil-dolares-tesouro-eua-1536x878-1-1470x840.png","type":"image\/png"}],"author":"Luciano Rocha","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/lucianorocha89","twitter_site":"@criptofacil","twitter_misc":{"Written by":"Luciano Rocha","Est. reading time":"4 minutos"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.criptofacil.com\/es\/perdida-de-fuerza-25-de-las-bitcoin-treasury-companies-valen-menos-que-sus-reservas\/#article","isPartOf":{"@id":"https:\/\/www.criptofacil.com\/es\/perdida-de-fuerza-25-de-las-bitcoin-treasury-companies-valen-menos-que-sus-reservas\/"},"author":{"name":"Luciano Rocha","@id":"https:\/\/www.criptofacil.com\/es\/#\/schema\/person\/14d751fbd645e7a6fac0cf7514229133"},"headline":"P\u00e9rdida de fuerza: 25 % de las Bitcoin Treasury Companies valen menos que sus reservas","datePublished":"2025-09-21T08:00:39+00:00","mainEntityOfPage":{"@id":"https:\/\/www.criptofacil.com\/es\/perdida-de-fuerza-25-de-las-bitcoin-treasury-companies-valen-menos-que-sus-reservas\/"},"wordCount":649,"publisher":{"@id":"https:\/\/www.criptofacil.com\/es\/#organization"},"image":{"@id":"https:\/\/www.criptofacil.com\/es\/perdida-de-fuerza-25-de-las-bitcoin-treasury-companies-valen-menos-que-sus-reservas\/#primaryimage"},"thumbnailUrl":"https:\/\/www.criptofacil.com\/es\/wp-content\/uploads\/sites\/2\/2025\/09\/bitcoin-100-mil-dolares-tesouro-eua-1536x878-1.png","keywords":["Bitcoin","BTC","Criptoactivos","Criptomonedas","Mercado","Super Titular"],"articleSection":["Mercado"],"inLanguage":"es","copyrightYear":"2025","copyrightHolder":{"@id":"https:\/\/www.criptofacil.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.criptofacil.com\/es\/perdida-de-fuerza-25-de-las-bitcoin-treasury-companies-valen-menos-que-sus-reservas\/","url":"https:\/\/www.criptofacil.com\/es\/perdida-de-fuerza-25-de-las-bitcoin-treasury-companies-valen-menos-que-sus-reservas\/","name":"P\u00e9rdida de fuerza: 25 % de las Bitcoin Treasury Companies valen menos que sus reservas","isPartOf":{"@id":"https:\/\/www.criptofacil.com\/es\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.criptofacil.com\/es\/perdida-de-fuerza-25-de-las-bitcoin-treasury-companies-valen-menos-que-sus-reservas\/#primaryimage"},"image":{"@id":"https:\/\/www.criptofacil.com\/es\/perdida-de-fuerza-25-de-las-bitcoin-treasury-companies-valen-menos-que-sus-reservas\/#primaryimage"},"thumbnailUrl":"https:\/\/www.criptofacil.com\/es\/wp-content\/uploads\/sites\/2\/2025\/09\/bitcoin-100-mil-dolares-tesouro-eua-1536x878-1.png","datePublished":"2025-09-21T08:00:39+00:00","description":"Las Bitcoin Treasury Companies est\u00e1n acumulando Bitcoin a un ritmo menor, lo que perjudica su generaci\u00f3n de valor para los accionistas","breadcrumb":{"@id":"https:\/\/www.criptofacil.com\/es\/perdida-de-fuerza-25-de-las-bitcoin-treasury-companies-valen-menos-que-sus-reservas\/#breadcrumb"},"inLanguage":"es","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.criptofacil.com\/es\/perdida-de-fuerza-25-de-las-bitcoin-treasury-companies-valen-menos-que-sus-reservas\/"]}]},{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/www.criptofacil.com\/es\/perdida-de-fuerza-25-de-las-bitcoin-treasury-companies-valen-menos-que-sus-reservas\/#primaryimage","url":"https:\/\/www.criptofacil.com\/es\/wp-content\/uploads\/sites\/2\/2025\/09\/bitcoin-100-mil-dolares-tesouro-eua-1536x878-1.png","contentUrl":"https:\/\/www.criptofacil.com\/es\/wp-content\/uploads\/sites\/2\/2025\/09\/bitcoin-100-mil-dolares-tesouro-eua-1536x878-1.png","width":1536,"height":878,"caption":"P\u00e9rdida de fuerza: 25 % de las Bitcoin Treasury Companies valen menos que sus reservas"},{"@type":"BreadcrumbList","@id":"https:\/\/www.criptofacil.com\/es\/perdida-de-fuerza-25-de-las-bitcoin-treasury-companies-valen-menos-que-sus-reservas\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"In\u00edcio","item":"https:\/\/www.criptofacil.com\/es\/"},{"@type":"ListItem","position":2,"name":"P\u00e9rdida de fuerza: 25 % de las Bitcoin Treasury Companies valen menos que sus reservas"}]},{"@type":"WebSite","@id":"https:\/\/www.criptofacil.com\/es\/#website","url":"https:\/\/www.criptofacil.com\/es\/","name":"CriptoF\u00e1cil Espa\u00f1ol","description":"Noticias sobre Bitcoin, Criptomonedas, DeFi, NFT, Web3 y Blockchain","publisher":{"@id":"https:\/\/www.criptofacil.com\/es\/#organization"},"alternateName":"CriptoF\u00e1cil","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.criptofacil.com\/es\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"es"},{"@type":"Organization","@id":"https:\/\/www.criptofacil.com\/es\/#organization","name":"CriptoF\u00e1cil","url":"https:\/\/www.criptofacil.com\/es\/","logo":{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/www.criptofacil.com\/es\/#\/schema\/logo\/image\/","url":"https:\/\/www.criptofacil.com\/es\/wp-content\/uploads\/sites\/2\/2025\/07\/logo-criptofacil.png","contentUrl":"https:\/\/www.criptofacil.com\/es\/wp-content\/uploads\/sites\/2\/2025\/07\/logo-criptofacil.png","width":424,"height":104,"caption":"CriptoF\u00e1cil"},"image":{"@id":"https:\/\/www.criptofacil.com\/es\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/criptomoedasfacil","https:\/\/x.com\/criptofacil","https:\/\/youtube.com\/channel\/UCak-HWmXEqeC3KOjTN9Fr-Q?si=lWaoQK8jh5CRg1qt","https:\/\/www.instagram.com\/criptofacil\/","https:\/\/www.linkedin.com\/company\/criptofacil\/","https:\/\/t.me\/criptomoedasfacil"]},{"@type":"Person","@id":"https:\/\/www.criptofacil.com\/es\/#\/schema\/person\/14d751fbd645e7a6fac0cf7514229133","name":"Luciano Rocha","image":{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/www.criptofacil.com\/es\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/f5f0711dcdbc2bcd46ed1c7f3f64588d450ca5913f029dd694d3a404ef8b6230?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/f5f0711dcdbc2bcd46ed1c7f3f64588d450ca5913f029dd694d3a404ef8b6230?s=96&d=mm&r=g","caption":"Luciano Rocha"},"description":"Luciano Rocha \u00e9 redator, escritor e editor-chefe de newsletter com 7 anos de experi\u00eancia no setor de criptomoedas. Tem forma\u00e7\u00e3o em produ\u00e7\u00e3o de conte\u00fado pela Rock Content. Desde 2017, Luciano j\u00e1 escreveu mais de 5.000 artigos, tutoriais e newsletter publica\u00e7\u00f5es como o CriptoF\u00e1cil e o Money Crunch.","sameAs":["https:\/\/www.linkedin.com\/in\/luciano-rocha\/","https:\/\/x.com\/https:\/\/twitter.com\/lucianorocha89"],"url":"https:\/\/www.criptofacil.com\/es\/author\/luciano-rocha\/"}]}},"_links":{"self":[{"href":"https:\/\/www.criptofacil.com\/es\/wp-json\/wp\/v2\/posts\/21895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.criptofacil.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.criptofacil.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.criptofacil.com\/es\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/www.criptofacil.com\/es\/wp-json\/wp\/v2\/comments?post=21895"}],"version-history":[{"count":1,"href":"https:\/\/www.criptofacil.com\/es\/wp-json\/wp\/v2\/posts\/21895\/revisions"}],"predecessor-version":[{"id":21897,"href":"https:\/\/www.criptofacil.com\/es\/wp-json\/wp\/v2\/posts\/21895\/revisions\/21897"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.criptofacil.com\/es\/wp-json\/wp\/v2\/media\/21896"}],"wp:attachment":[{"href":"https:\/\/www.criptofacil.com\/es\/wp-json\/wp\/v2\/media?parent=21895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.criptofacil.com\/es\/wp-json\/wp\/v2\/categories?post=21895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.criptofacil.com\/es\/wp-json\/wp\/v2\/tags?post=21895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}