Bitwise Asset Management has reduced its global workforce by 14%, impacting approximately 155 employees. CEO Hunter Horsley stated this adjustment positions the company for continued growth despite the current market conditions. The firm's net assets have seen a significant decrease in the first seven months of 2026. Despite these layoffs, Bitwise has pursued strategic acquisitions, including Chorus One. This move aligns with a broader trend of layoffs across the crypto industry as companies adapt to market pressures.
https://www.theblock.co/news/business/2026-08-12-bitwise-layoffs-411522