DAT Stocks Are on Sale. Are They a Buy? Plus, Why Crypto Is Dead
Markets are reassessing crypto’s value at the same moment builders are rethinking who crypto is for.
Posted December 19, 2025 at 6:59 pm EST.
Listen to the episode on Apple Podcasts, Spotify, Pods, Fountain, Podcast Addict, Pocket Casts, Amazon Music, or on your favorite podcast platform.
In this combined episode of Unchained, Steven Ehrlich first breaks down why crypto treasury stocks (DATs) have swung from massive premiums to deep discounts, why comparisons to GBTC can be misleading, and why buying these stocks isn’t a clean arbitrage trade but a long-term, high-conviction bet.
You can read Steve’s full report here and you can…




