Bitwise CIO Comments on Circle’s Stock Plunge as 'Overreaction'

On the 25th, Matt Hougan, Chief Investment Officer (CIO) of Bitwise, a U.S. cryptocurrency asset management company, published a corporate value analysis in response to the IPO stock price plunge of stablecoin issuer Circle, on the official Bitwise CIO Memo page. The company's stock has recently fallen by about 20%, primarily due to the latest draft of the Clarity Act, which includes provisions that limit interest payments to stablecoin holders...