<p><img src="https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDgvMDE5OGY2NDItZDkxOS03MGJjLWJhMDctNjY3YTg0MGNhN2Jk.jpg" alt="Bitcoin treasury flops: These firms fumbled their BTC bets"></p><p>The Bitcoin treasury playbook is losing its punch as these companies watch their share prices tumble back to earth.</p>