Two publicly traded treasury companies have already started cutting their losses. Sequans SQNS began hoarding BTC in July, with an average purchase cost of around $117K. On November 4th, they sold 970 Bitcoins at an average price of $108K to pay off half their debt. Good thing they acted early, or their debt ratio nearing 100% would have led to bankruptcy. Another ETH-hoarding company, FGNX, is in even worse shape. Over 4,000 Ethereum hoarded, and yesterday they announced they’re cutting losses and selling coins. This is just the beginning~