At Least Five Crypto Treasury Firms Face Asset Sales or Closure in 2026, Galaxy Says
The rapid rise of crypto treasury companies could be facing its real test soon.
In its annual report, Galaxy Digital warned that five or more Digital Asset Treasury companies (DATs) could soon be forced to sell assets, merge with larger players, or shut down altogether as market conditions tighten.
The report points to growing pressure on firms that rushed into crypto treasuries without solid long-term strategies.
Digital Asset Treasuries – publicly listed companies that hold assets like Bitcoin or Ethereum on their balance sheets – surged earlier this year as crypto prices climbed and financing became easier. But that momentum is fading fast.
mNAV Slips Below Key Levels
Galaxy highlighted a sharp shift in market-to-net asset value…
