Crypto treasury firm ZeroStack warns of survival risk amid $82.5M loss
CoinTelegraph·
60-second summary
ZeroStack, a Nasdaq-listed crypto treasury firm, is facing a survival risk after incurring an $82.5 million loss. The company relies heavily on staking rewards to fund operations, which may be impacted by the significant decline in value of its 0G holdings, valued 91% below their recorded costs, raising concerns about its financial stability and potential industry contagion.
The Nasdaq-listed company relies largely on staking rewards to fund operations, while its 0G holdings were valued 91% below their recorded costs.